FED · Federal Economic Degeneracy
token 0x7c7daf126e55a4f1939d121bffcf21388e350d8a
curve 0xca21116eb598f5c7317b09464674376d360788f9
| Launched | · block 69808024 · tx 0x021d…a4a7 |
|---|---|
| Launchpad | Pons V2 on Robinhood Chain (chain 4663) |
| Quote asset | SGOV (a Robinhood stock token) |
| Creator tax | 200 bps (2%), on every buy and sell |
| Trade fee | 100 bps (1%), on every buy and sell |
| Deployer | 0xe2aa…4394 |
| Outcome | not graduated when we last read the curve (2026-09-24 13:00:00 UTC); last curve trade observed 2026-09-24 12:31:21 UTC |
|---|---|
| Raised at the last state | 1.4% |
| Peak raised | 57.1% of the graduation raise |
| Price vs launch | not computed: the launch reserves of curves quoted in other tokens are not verified |
| Curve trades observed | 229 buys, 199 sells |
A Pons V2 curve graduates when its real quote reserve reaches the graduation raise (4.2 ETH on ETH-quoted curves): the curve completes and a pool opens. Raised and price come from the exact constant-product model rebuilt from the curve's own buy, sell and fee-sweep events (fee and creator tax on both legs). From our own independent capture of public Pons V2 factory and curve events on Robinhood Chain (chain 4663), not resold data.
| measure | at 3 s after launch | latest snapshot (2026-09-22 20:00:00 UTC) |
|---|---|---|
| Holders on the curve | n/a | 17 |
| Top holder share | n/a | 19.4% |
| Top 5 holders share | n/a | 75.0% |
| Deployer holding share | n/a | 0.0% |
| Same-block direct-buy cluster share | n/a | 7.6% |
| Wallets in same-block direct-buy clusters | n/a | 11 |
| Buys sent direct to the curve | n/a | 60.3% |
| Buys through a terminal router | n/a | 39.7% |
| Held by terminal-router buyers | n/a | 82.8% |
| Unique buyers | n/a | 81 |
| Buys tied to a sender | n/a | 98.7% |
At 3 s: no buy landed on the curve in the first 3 s (30 blocks).
Holders are wallets with a positive balance bought on the curve (pool trades after graduation are not counted). A same-block direct-buy cluster is a set of wallets that bought directly from the curve in one 100 ms block with at least one other direct buy; matching timing does not establish coordination or common ownership. A terminal router is a trading front end's contract; routing does not identify a human or a bot.
The ring rule published with our paid cards: unique_buyers >= 8 and structure.same_block_direct_cluster_share >= 0.5.
This launch at 3 s: does not match. On the latest snapshot: does not match.
Curves matching this structure at 3 s dumped 47% of the time in the 09-07 study: a different population, not odds for this curve.
The 09-07 study is our own Pons V2 capture of 2026-09-06/07 with the structure read 3 s after launch: 14.5% of launches matched the rule, 47% of the ETH launches matching it fell to 0.6x of their price or less within 60 s (dumped), and their median ended at 0.37x its launch price. Matching timing does not establish coordination, common ownership or intent.
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