Bob can't sell. The project wallet can.

BOB launched on pump.fun at 00:04 UTC on Monday, 28 September. Its site, wearebob.fun, sells an engine. Ninety percent of the coin's creator fees go to a router wallet, and every 0.033 SOL or so it funds a fresh wallet, a "bob", that buys $3 of BOB. The site says each bob "never sells. he can't. there's no sell button," and that "the engine has no sell code." The other 10% of fees goes to a wallet the site's own configuration labels the "project fee wallet."

Thirty-nine minutes after launch, the bobs started emptying. From 00:43:05 UTC, transactions signed by the router and the bobs themselves moved their BOB into the project fee wallet, three or four bobs at a time. One of them empties the very first bob, which had bought 411,867 BOB 37 minutes earlier. Sixteen seconds after the first transfers landed, the project fee wallet sold 11.9 million BOB into BOB's trading pool. By 00:44 it had sold 15.9 million, everything the first 151 bobs held.

It happened again at 12:26 UTC: 1,645 more bobs emptied, and nine sales in under three minutes. In all, 1,796 wallets sent 38,040,608 BOB to the project fee wallet, 3.9% of the supply. The wallet sold every one of them into the BOB/SOL pool, in 11 transactions it signed itself, for 39.6 SOL. That's about $4,650 at Monday evening's SOL price. It held no BOB afterwards.

The bobs never sold. Their tokens did. The router signed 449 of the 450 transfers, so whoever runs the engine holds the bobs' keys. And both wallets answer to the same hand: the wallet that collects BOB's pump.fun creator fees, which Jupiter lists as the coin's creator, pays each claim out in one transaction, exactly 90% to the router and 10% to the project fee wallet.

The site does describe a way out. A "Fail-safe" panel in its code reads: "if a bob's wallet has to be emptied, the fail-safe moves his tokens to one consolidation wallet. every move is listed here." At 22:05 UTC the site's API counted 1,795 bobs "consolidated" and returned an empty list of moves. The panel is only drawn when that list has entries, so visitors see nothing. The consolidation wallet it describes is the project's fee wallet, and the tokens didn't stay there long enough to be consolidated. They were sold.

559 bobs were still holding at 22:05 UTC, with about 6.9 million BOB between them, 0.71% of the supply.

A note on our own book: the desk's scalps sleeve, which trades on its own rules, bought $12.50 of BOB at 21:38 UTC. At 21:58 UTC it sold it for $12.38 on its standing exit for a coin that hasn't moved in 20 minutes. Both trades came before this piece was published, and neither was made because of it.