Rugs, runs and receipts.
A correspondent in the memecoin trenches reads the chain and writes down what actually happened: who launched it, who sold it, who said one thing and did another. Every claim links to its evidence.
Topics: StonkFun
Most asked: the StonkFun reward tax · what StonkFun is · $STONK · stuck bridge funds · the Field Guide
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Latest dispatch
Nov 3, 2026Is the leaked Bubblemaps–Proxima contract real? The Bubblemaps address on it wasn't the company's until June 2025
A "contract" posted on X on 2 November says Proxima has paid Bubblemaps $45,000 a month since April 2025. It is dated 11 April 2025 and gives Bubblemaps' office as 9 Rue des Colonnes, Paris. France's company register shows Bubblemaps registered in Levallois-Perret until it opened that Paris office on 20 June 2025. Bubblemaps says the document is forged.
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Is the "UNI" (Superman) coin's 99% lock what it looks like? The locks pay back to the developer
The developer of the Solana coin "UNI" (jM9r…pump), not Uniswap's UNI, bought about 99% of its supply when creating it and put it into five Streamflow locks. Every lock names the developer's own wallet as the one that gets the coins back: about 90.5% on 31 December and 7.9% on 31 October 2027. The developer sold its unlocked rest, about 0.3%, for about 2,063 SOL about five to six minutes after launch.
BRIEFINGWe re-ran three quants.md strategies on six crypto majors: none came close to just holding the coins
quants.md is a free, open library of 50 trading strategies from QuantJourney, built for US ETFs, FX and futures. We ran three that suit crypto majors through its own open backtester, on real daily prices for six large coins from December 2020 to October 2026, at 15 basis points a trade instead of the library's default of 1. All three ended far below simply holding the coins, and even at its 1 basis point default the result was about the same. That's one past period, mostly a rising market, and it isn't advice.
BRIEFINGIs useinversexyz[.]com real? Inverse's own account links useinverse.xyz; the "$INVERSE allocation" site was registered a day later
Inverse's X account, @useinversexyz, links its site at useinverse.xyz, registered on 27 October. Posts on X saying "$INVERSE allocation is now live" link to useinversexyz[.]com instead, a domain registered on 28 October through a different registrar. Inverse hadn't announced any allocation as of 11:12 AM ET on 30 October. Don't connect a wallet or sign anything there.
BRIEFINGIs the $CHIMP airdrop checker you were sent real? The one ChimpX posted is token.chimpx.ai; two other "checker" sites were registered this morning
ChimpX's account posted its $CHIMP airdrop checker at 4:55 AM ET on 28 October, and the link goes to token.chimpx.ai. Two other "checker" sites being pushed on X today were registered hours earlier the same day. We haven't seen what they do after you connect, so don't connect.
BRIEFINGIs the "Jupiter Foundation" airdrop real? No: Jupiter's Q3 ASR is on jup.ag, and the "Foundation" claim page is a look-alike registered today
Jupiter's Q3 ASR went live on jup.ag at 10:12 AM ET on 20 October. Replies under Jupiter's post push an X article from @JupiterFDNT, an account calling itself "Jupiter Foundation"; its claim link ends at jupiter-foundaton[.]com, a misspelled domain registered at 4:22 AM ET today. Claim only on jup.ag.
BRIEFINGIs $MRBEAST MrBeast's official coin? We found no sign it's his
A pump.fun coin launched on 19 October calls itself "Official MrBeast Coin" in its own token data. MrBeast hasn't posted about any coin, its website was registered an hour before launch, and its X account was unavailable when we checked. Its price fell from about $1.3M to about $3K in two minutes at 9:01 PM ET.
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investigations worth reading first- Is stuckfunds.eth.limo safe? We checked it, then claimedstuckfunds.eth.limo is read-only: no wallet connection, no signature. It found an old Polygon withdrawal of ours. How to check and claim safely.
- $YILONGMA, $MINTER, $CATSZN: one fresh wallet funded 24 buyers in each, and got 12,307 SOL back$YILONGMA, $MINTER and $CATSZN launched on 17 October the same way: one wallet paid 24 wallets seconds before launch, they bought about 90% of the supply in the launch block, sold nearly all of it to later buyers, and sent 12,307 SOL back to the three funders. A fourth, $startupSI, a fifth, $Vader, and a sixth, $Doomsday, followed it on 18 October, a seventh, $discat, an eighth, $MILO, and a ninth, $BORLY, on 19 October, and a tenth, $PEPEMON, an eleventh, $DTC, a twelfth, $CYCLE, a thirteenth, $KIMCHI, and a fourteenth, $Pokecity, on 20 October, a fifteenth, $KIMCHIBULL, and a sixteenth, $OA, on 21 October, a seventeenth, $SHAVCOIN, and an eighteenth, $KIMCHINU, on 22 October, and a nineteenth, $ODIE, a twentieth, $BITCHES, and a twenty-first, $YMBCOIN, on 23 October, and a twenty-second, $PRIVACY, a twenty-third, $SWORDOPE, a twenty-fourth, $WRHND, and a twenty-fifth, $MAYA, on 24 October, and a twenty-sixth, $TIT, and a twenty-seventh, $GTA, on 25 October, and a twenty-eighth, $ANT, a twenty-ninth, $LMAO, a thirtieth, $CHICO, a thirty-first, $ELON2028, a thirty-second, $TRUMP2028, and a thirty-third, $███WIF, on 26 October, and a thirty-fourth, $Something, on 27 October, and a thirty-fifth, $DUBBLE, and a thirty-sixth, $CATBOT, on 28 October, and a thirty-seventh, a third "Hyper-Chan" (3ApV…pump), on 29 October, and a thirty-eighth, "PAWCAT" (762Z…pump), on 31 October, and a thirty-ninth, $ANAKIN, on 1 November, a fortieth, $Ahsoka, on 2 November, and a forty-first, "Grab That Ass" ($GTA, 7F8B…pump), and a forty-second, $AMC, both on 4 November. A forty-third, $COGE, and a forty-fourth, "A Meme Dacity" ($AMD, oCZH…pump), followed on 5 November. A forty-fifth, "Diamond Hands" ($HODL), came on 6 November. A forty-sixth, "OnlyCats" ($OnlyCats, BAft…pump), came on 9 November. A forty-seventh, "GTAVI AudaCity" ($DACITY, 5tBX…pump), a forty-eighth, "Leonida" ($LEONIDA), and a forty-ninth, "nihao cat" ($NIHAO), came on 10 November.
- The wallet that launched $HIRE sold its 22% two seconds later. HIRE's fee wallet now sends it the SOL from its sellsHIRE sells an AI marketing team for memecoins, paid for with a share of every coin's fees. We followed the money on launch day: the wallet that created $HIRE sold its stake in two seconds, and it is where HIRE's central wallet sends the SOL from selling those fees.
- Saturday's hottest new coins paid their creators about 2,400 SOL in feesFour of Saturday's trending launches sent their creators about 2,400 SOL in trading fees within a day. Two others, on Agency, were sold by their creators within a minute of launch.
- Is usepaid.app safe? We checked the UsePaid claim portalAs of 2 October, claiming on usepaid.app can't drain your wallet: it never asks you to sign. Payment is the open question. A copy sits at usspaid[.]app.
- The $4M frogman drain: three chains emptied in 69 seconds, and the SOL went into a privacy poolA trader said he was drained of $4M+ while asleep at TOKEN2049. We followed the wallets an on-chain researcher named: Solana, Base and BNB Chain emptied within 69 seconds, one gas wallet tied to the EVM side, and $1.6M of SOL into Privacy Cash.
- StonkFun vs pump.fun: pairs, fees, volume and what to checkHow StonkFun and pump.fun differ: what a coin can pair with, who gets the fees, how much volume each does, and what to check before buying a StonkFun coin.
- Part of StonkFun's reward tax went to the teamAn 86,000-view post said the tax StonkFun holders pay partly ends up in team wallets. It named the wallet. We checked the transactions.
In the trenchbook
latest coin pagesChatter
heard in the trenches
How the book is kept
Read the chain
Wallets, launches, who funded whom and where the money went. The chain doesn't lie; it just doesn't explain itself.
Check every claim
What people said, next to what the evidence shows. Some claims hold up. Some don't. We mark which.
Write it down
Facts, not adjectives. What we couldn't verify is marked as such, and anyone named can answer.
No token. No calls. No guru.
Know something the record should show, or named in a file and want to reply? DM @trenchbookapp on X. Nothing here is advice.
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