Methodology

Every market figure is worked out from swaps and pool balances we read directly from the chain. Prices are in US dollars.

Price

The last traded price in the token’s deepest pool, converted to dollars through that pool’s quote asset.

24h change

How much the price has moved against the price exactly 24 hours earlier.

Liquidity

The dollar value of everything held in the token’s pools, both sides added together.

Market cap

Price multiplied by the number of tokens in circulation.

FDV

Fully diluted value: price multiplied by the total supply, as if every token were in circulation.

Volume 24h

The dollar value of every swap in the token’s pools over the last 24 hours.

Holders

How many distinct wallets hold a non-zero balance of the token.

Age

How long ago the token’s first pool was created.

Δ since first

The price change since we first saw the token trade.

Peak multiple

The highest price reached since the first pool, divided by the price at the first pool. 5× means it once traded at five times its opening price.

30d return

The price change over the last 30 days.

Convergence

How many of the wallets we track bought the same token within a short window. A convergence is recorded the moment enough of them have bought, and what happens to the price afterwards is published in the ledger, losses included.

We track every token that gets a pool. A token is ranked once its deepest pool holds at least $10,000 on the quote side and at least 10 different wallets traded it in the last 24 hours. Until then it can still be searched and scanned; it simply does not appear in the ranked lists.

Copies of well-known assets — a token named like USDC or WETH that is not the real contract — are never ranked, and are labelled as copies wherever they appear.

Risk data is always free. Every check below is shown at full value to every visitor, with no account, no blur and no upgrade prompt. Each one carries a green, amber or red mark; “Screening…” means the check is still running, and a dash means we could not determine it.

Honeypot

Whether the token can be sold after it is bought. We simulate a buy and a sell against the live pool; a token that can be bought but not sold is a honeypot.

Buy / sell tax

The share of each buy and each sell the token contract takes for itself, measured from the same simulated trade.

LP locked / burned

Whether the pool’s liquidity tokens are locked in a time-lock contract or sent to a burn address, and until when. Unlocked liquidity can be withdrawn by whoever holds it.

Owner renounced

Whether the contract’s owner role has been given up. An owner that remains can often change fees, pause trading or mint more tokens.

Proxy

Whether the token is an upgradeable proxy, meaning its code can be replaced after you buy.

Top-10 holders

The share of the supply held by the ten largest wallets.

Launch snipers

Wallets that bought in the pool’s opening blocks, before most people could see it, and how much of the supply they took.

LP depth

How much of the token can be sold before the price moves 10%. A thin pool moves a lot on a small sale.

Extractable overhang

The holdings of wallets currently in profit, divided by LP depth. 8× means holders in profit could sell eight times what the pool can absorb before the price falls 10%.

Everything comes from our own indexing of on-chain swaps and pool state on Ethereum, BNB Chain, Base and Arbitrum. We read the chain’s logs and pool balances ourselves and compute every figure from them; we never use a third-party price API.

The honeypot and tax checks come from our own screen, which simulates a buy and a sell against each token’s live pool. Contract facts — ownership, proxies, locks — are read from the contracts themselves.

On the Free plan, live market figures are shown with a 30-minute delay and wallet addresses are partly masked. Trader and Pro see figures live and wallets in full. Risk checks are never delayed or masked on any plan.

Each page shows one freshness stamp: the time its figures were measured.

A rating scores a wallet on how its closed positions actually turned out — realised profit, return, win rate and holding time — and on whether that skill held up on trades it had not yet made when we measured it. Ratings are not shown until the evidence for them exists, and rated columns do not appear on any page before then.

Ratings open once all of these are true:

• at least 30 days of live tracking exist, on trades nobody — including us — could have seen in advance;
• each wallet has enough resolved positions for its trading style: 30 at minimum, 40 for frequent small traders, 80 for swing traders and 150 for wallets that chase large multiples;
• the skill measured on one period still holds at least 60% of its strength on a later period;
• at least 20 wallets remain after removing the kinds of trading nobody can copy, such as bots and insiders;
• every claim is recorded before the period it is scored on.

Groups of top wallets (“smart money”) open later still: a group needs at least 25 wallets, its figures must account for members buying the same tokens, any alert drawn from it must come from a pool at least twice its size, and the rules for it are published here on the same day.

No group, caller or project can buy leaderboard position, a better rating, or promotion of an asset.

No promoted row, no featured slot that is not a stated rule, no sponsor influence on any rating, ranking, listing or ordering — including their own token.

Before any figure drawn from wallets is published, five kinds of wallet are set aside: insiders, deployers, MEV bots, market makers and extractors. Each is a kind of behaviour a wallet can fall into, not a list of wallets; the rules are published here, and the addresses they remove are not.

Open interest

The total value of perpetual positions currently open on a market, across the venues we follow.

OI 24h

How much open interest has changed over the last 24 hours.

Funding 8h

The rate longs pay shorts (or shorts pay longs, when negative) every eight hours. Strongly positive funding means the market is crowded long.

Long / short

The split of open positions between longs and shorts.

Liquidations 24h

The value of positions forcibly closed over the last 24 hours, split into longs and shorts.

Venues

The exchanges whose figures are included.

TVL

Total value locked: the dollar value of everything deposited in the pool.

APY after your deposit

What the pool would return over a year once your deposit is in it. Adding money spreads the same fees over more liquidity, so a large deposit lowers the rate; reward tokens are counted at what they could actually be sold for, and expected impermanent loss is subtracted.

Fee APY

The trading fees the pool earns, annualised, as a share of its TVL. Reward tokens are not included.

7-day realised

What the pool actually returned over the last seven days, annualised.

IL risk

Impermanent loss risk: how much a deposit would lose against simply holding the two tokens if their prices drift apart, estimated from how far their prices have diverged recently.

Room for more

Roughly how much more could be deposited before the APY after your deposit falls noticeably.

Every Monday we publish a report on the week before: what launched, how the rest died, what ran, what our signals did and what we got wrong. Reports are built only from stored facts and are never edited; a correction is published as a new report.

The ledger lists every signal and every post we published under our name, with what happened next. Losses and corrections are shown the same way as wins, and nothing can be filtered out.

When the way a figure is calculated changes, the change is dated and noted in that week’s report, so figures from before and after can be told apart.