Token launches. Certain wallets already in.

Not snipers. Not fast bots. People who knew what was coming before it was public. Team members. Developer's friends. Wallets funded directly from the deployer address days before launch.

Front-running their own project. Happens on basically every chain. Constantly.

How They Get In

Deployer funds a wallet from their own address. That wallet buys block one. On-chain connection visible to anyone bothering to look. Obvious. Still happens.

Tokens transferred directly to connected wallets before public launch. Zero cost basis. Not bought. Just received. Every dollar retail pays is pure profit for those wallets.

Pre-launch contract interaction. Wallet called functions on the contract before liquidity went public. Only possible if you knew the address beforehand. Inside information. No other explanation.

Friends told privately. Harder to trace. No direct on-chain link to deployer. Just suspiciously coordinated early buying across wallets that behave identically and got funded around the same time.

On-Chain It Looks Like This

Five wallets. Blocks one through three. Combined holding 18% of supply. All five funded from the same source wallet two days before launch. That source wallet also deployed the contract.

Pretty hard to argue that's organic.

Subtler version: ten wallets, different funding sources, no obvious deployer link, all buying in the first sixty seconds, all similar amounts. No smoking gun individually. Pattern screams coordination.

BubbleMaps shows this visually. Connected wallets cluster together. Shared funding sources, interaction history, timing all mapped out. Patterns that take an hour to trace manually show up in seconds.

What Scanners Show

GMGN flags insider buy percentage directly on token pages.

5% insider hold. Small. Manageable.

25% insider hold. Quarter of the float in hands that paid nothing compared to what retail is paying now. That's not a minor detail. That's structural overhead sitting above everyone who bought after them.

High insider buy stacked with unlocked liquidity and active mint authority. At that point the checklist is doing the work for you. Walk away.

The Pre-Announcement Version

Different setup. Same problem.

Exchange listing coming. Partnership about to drop. Major update not yet public.

Someone inside knows. Buys heavily in the days before announcement. Price spikes on the news. They sell into it.

Visible on-chain after the fact. Always. Wallet accumulated for three days before the announcement then dumped immediately after. Timing not subtle.

SEC sued a former Coinbase employee in 2022 for exactly this. Traded tokens ahead of listing announcements. Charged with wire fraud.

https://www.sec.gov/newsroom/press-releases/2022-127

Insider vs Smart Money vs Sniper

All show up as early buyers. Completely different situations.

• Insider: connected to the project. Knew before anyone. Information advantage you can't replicate without being inside.
• Smart money: external wallet. No project connection. Got there through research and pattern recognition. Track record proves it's skill not luck.
• Sniper: bot. Pure speed. No information edge. Just faster infrastructure than a human clicking.

Insider is the worst one to be on the other side of. Can't outresearch someone who already knows. Can't outrun someone who was in before the contract was even public.

Legal Status

Traditional finance: insider trading is a crime. Prison. Fines. Career over.

Crypto: most tokens aren't classified as securities so insider trading laws don't technically apply. Gray area that gets exploited constantly because prosecution risk is low.

Changing slowly. SEC pursuing cases. DOJ involved. Regulatory clarity developing. People running this playbook now are taking more risk than they were two years ago. Not enough to stop most of them yet.