# $MEMEAGENCY's crash: the creator's funder paid the big sellers' gas and collected their SOL

Source: trenchbook.app · filed Oct 6, 2026, updated Oct 6, 2026 · https://trenchbook.app/dispatch/memeagency-crash

> There is no official trenchbook token or contract address (CA). Anyone selling one is not us.

**In short:** $MEMEAGENCY lost about 67% of its value between 7:00 and 7:05 AM ET on 6 October 2026 and kept falling, to about $129,000 by 8:38 AM ET. Two wallets took most of the 633.7 SOL that left its pool in those five minutes. A third wallet, FMs5…1ME6, sent each of them gas one second before tokens were moved in for the sale, and received their 406 SOL seconds after; in a second wave at 8:29 AM ET, the four largest sellers we followed also paid it, another 64.6 SOL. The same wallet funded the coin's creator one second before launch and receives the creator's fees and sale proceeds. We name no person.
$MEMEAGENCY (Meme Agency) was worth about $10 million at 6:55 AM ET on 6 October 2026. In the next five minutes its price fell about 67%, and by 8:38 AM ET it was worth about $129,000. We read every trade on its main pool in the 7:00 to 7:05 AM ET window: 633.7 SOL left the pool, and two wallets took most of it, 227.67 SOL ([the sell](https://solscan.io/tx/dC8cyEzEGagHFVX5duDdfK93ahX4Sbcx8jJxn8RBeFxWNesvHmQTbavKQ8o65dDyJK6umNNnuwXbYegP9UFpn7y)) and 179.66 SOL ([the sell](https://solscan.io/tx/5B1FS1WgHh3kqiVhQu4Hf2CE9xohBm3vLHpfTxyXvESpDxBXJG7xStSkJxc2PDEncFjfACdGuzr45g2FzgcwVD7Y)).
Those two sells were staged. One second before the first, the wallet FMs5…1ME6 sent the seller a little SOL to pay for the transaction ([0.01 SOL](https://solscan.io/tx/5PPLCVUNSYnuJMbiVRZ9ZdqtnBVEUCsfH3EFkLgr9RtFbvrJChAK4fCmtDQGPmKBXRL2miqHpBPgPBCWtH98Jmhj)). One second later, another wallet moved 1.22 million $MEMEAGENCY into the seller ([the transfer](https://solscan.io/tx/34xCMJyUi31wF8zbQUQrsL734mNDsXq5TJbAW2feRVbYUYsRvfJ4JM8KT39uQnSodVEQ7XbUUp4xeMCAxZNVKaUJ)), which sold its whole bag the next second and sent the [227.22 SOL to FMs5…1ME6](https://solscan.io/tx/5wooVJkvVxfXn8gjgX75wLL8mw3Yqc58q8w3dueMvgKR7n582ZchK6T4JaX4zTMQAV3vuTeHiWV4cLcKuch5zQbv) three seconds after that. The second seller ran the same sequence two minutes later: [gas from FMs5…1ME6](https://solscan.io/tx/2Q8CiA8eTKcpCz6p1uLj3ZDQEDLGaeEkyu8VGh37tKqFjfALVFzQHKStbh7Er3KvSXQagKxQhCAhGDd7zL21gz5i), tokens moved in, the sell, and [179.03 SOL to FMs5…1ME6](https://solscan.io/tx/4PfXRpVsECMHU3VeN23C4poFYLWRc3EyRtRCssroGpucGVHLvVhDoXgSUuwvaG2326AenkqnUE9JkGbWksGzZkTj).
It happened again 85 minutes later. Between 8:24 and 8:31 AM ET another 318 SOL left the pool, and the price fell about 88% more. We followed the four largest sellers in that wave: each sent its SOL to FMs5…1ME6 within seconds of selling, 19.62, 16.94, 14.53 and 13.49 SOL. The largest had been [funded by FMs5…1ME6 with 3.59 SOL](https://solscan.io/tx/5u7qFaGg5AqTBoi1jzbBA8tZd6AvBBRP4LU1RDJmyYdAZwcbnQmBHfink7pduSEbkWRmMRiMf21f978Px9xPhNCM) at 7:55 AM ET, and [paid it 19.62 SOL](https://solscan.io/tx/wwXcHceN9NDKd7U8aK6JZnamR57nc8tL4E3Jq7i98CzKKBMYCXoLPAtXDcTXTBAN88u7bDdT2rSDqqyznQfRNbc) four seconds after its sell.
FMs5…1ME6 is tied to the coin's creator from the start. The wallet that created $MEMEAGENCY on pump.fun, CftP…asH9q, signed and paid for its [creation](https://solscan.io/tx/2h8ykQvdTAUwaLUDxZ6A7TySgAQf5MTVxDwMJW8P84hdjeb3EXZ71SqfzTt8H9uJjvmdKKJ2Jmqc92S4eAYxQgwi) at 6:20:45 AM ET on 4 October. One second earlier, FMs5…1ME6 had [sent it 3.13 SOL](https://solscan.io/tx/JqZ6EGjTFRLGv58jqiBzhyC4a4i6irtYQBo5AGcwLY7FJ7VLgh5SrgBRuyWBgKQuqUCgL937yZ7rVEB5gBAP8EL). Since then the creator's creator-fee collections have paid out to FMs5…1ME6, including [65.77 SOL at 8:55 PM ET on 5 October](https://solscan.io/tx/3iFdscRCuwoBRtbed3U5HTPFqWntF7troBvfuiDS2PggMsYQ3B5QohNJyt7us2SeBYp9BEEq4m2Cc6fmRtVwxXom); at 9:00 PM ET the creator [sold 39.2 SOL of the coin](https://solscan.io/tx/5Tin4Jcw5ccJnGoz1mLD99eLspWrcbCsxVBptcyJsb7KqS6UjtjeTCrbJzMrTbQfiEHeNBRkkWwUshxmQXgi4hv5) and [sent the SOL to FMs5…1ME6](https://solscan.io/tx/4cRskRgJKRHis6TS92wf3g1AEneu9p1szRr6Scns6L2ixEd89nUjb6QC552u1ndtw8KCsgcQ4eh7GzziKgqsnnfo) a second later.
FMs5…1ME6 is busy: about 1,000 transactions between 6:52 and 8:24 AM ET, a balance of about 520 SOL, and batches of 3 to 7 SOL sent to several wallets in the same second. That pattern can also belong to an exchange or payment service, which is why the details above matter: a service doesn't fund a coin's creator a second before launch, collect that creator's fees, and pay gas to selling wallets one second before they sell.
What the facts show: one wallet funded the creator just before launch, receives the creator's fees and sale proceeds, and paid for and collected the two largest sells in the crash. They don't show who holds that wallet's keys, and we name no person.
Why do it this way? One likely reason: splitting a creator's stake across many wallets keeps any one of them small on holder lists, so the coin looks widely held while it runs. Staging the exit wallet by wallet, with tokens moved in only seconds before each sell, would also keep the large bags out of sight until the moment they hit the pool.
We'll publish any response from the Meme Agency team here.

## What we don't know

- Who holds the keys to FMs5…1ME6.
- Where the 406 SOL went after FMs5…1ME6.
- How many other selling wallets FMs5…1ME6 funded or collected from, beyond the six we followed.
- Whether the Meme Agency team, the X account @TheMemeAgencies, knows who controls these wallets.

## The wallets

- **hub:** `FMs5HdKj6PmzTpjfe7VxtgYtyUabq1DWRBwi5RgN1ME6`: Funded the creator one second before launch; receives the creator's fees and sale proceeds; paid gas to and collected 406 SOL from the two largest sellers on 6 Oct. About 1,000 transactions between 6:52 and 8:24 AM ET on 6 Oct.
- **creator:** `CftPeLPpa3H5gHHaJKC63fnLh9Y7sKgAsUM6CrDasH9q`: Signed and paid for $MEMEAGENCY's creation on 4 Oct; its fee collections pay FMs5…1ME6.
- **seller:** `JtgkB5nP47xXyxeTkPDi3rVpQxQVJc9KuokRJpUR2nJ`: Sold 3.31M $MEMEAGENCY for 227.67 SOL at 7:02:33 AM ET on 6 Oct; sent 227.22 SOL to FMs5…1ME6 three seconds later.
- **seller:** `8z6FasTTvtPrtYhkPkjtCkNHC2csnjXaYXoWHVKftu8G`: Sold 4.24M $MEMEAGENCY for 179.66 SOL at 7:04:28 AM ET on 6 Oct; sent 179.03 SOL to FMs5…1ME6 three seconds later.
- **pool:** `7cBNAJXqWjDuPHf1wWEMLcTLx1wbFqDeNnV2St2F3C6Q`: $MEMEAGENCY's main PumpSwap pool; 633.7 SOL left it between 7:00 and 7:05 AM ET on 6 Oct.

## The coins

- $MEMEAGENCY: `CyChQHfYv6Cn8rP1myNFhdVCGq25Fcah6wzTkiu9pump` (Fell from about $10M to about $129K on 6 Oct)

## Sources

- tx: [FMs5…1ME6 funds the creator, 6:20:44 AM ET 4 Oct](https://solscan.io/tx/JqZ6EGjTFRLGv58jqiBzhyC4a4i6irtYQBo5AGcwLY7FJ7VLgh5SrgBRuyWBgKQuqUCgL937yZ7rVEB5gBAP8EL)
- tx: [$MEMEAGENCY created](https://solscan.io/tx/2h8ykQvdTAUwaLUDxZ6A7TySgAQf5MTVxDwMJW8P84hdjeb3EXZ71SqfzTt8H9uJjvmdKKJ2Jmqc92S4eAYxQgwi)
- tx: [Creator fee collection paid to FMs5…1ME6](https://solscan.io/tx/3iFdscRCuwoBRtbed3U5HTPFqWntF7troBvfuiDS2PggMsYQ3B5QohNJyt7us2SeBYp9BEEq4m2Cc6fmRtVwxXom)
- tx: [Creator's sell, 9:00 PM ET 5 Oct](https://solscan.io/tx/5Tin4Jcw5ccJnGoz1mLD99eLspWrcbCsxVBptcyJsb7KqS6UjtjeTCrbJzMrTbQfiEHeNBRkkWwUshxmQXgi4hv5)
- tx: [Creator sends the proceeds to FMs5…1ME6](https://solscan.io/tx/4cRskRgJKRHis6TS92wf3g1AEneu9p1szRr6Scns6L2ixEd89nUjb6QC552u1ndtw8KCsgcQ4eh7GzziKgqsnnfo)
- tx: [Gas to the first seller](https://solscan.io/tx/5PPLCVUNSYnuJMbiVRZ9ZdqtnBVEUCsfH3EFkLgr9RtFbvrJChAK4fCmtDQGPmKBXRL2miqHpBPgPBCWtH98Jmhj)
- tx: [Tokens moved into the first seller](https://solscan.io/tx/34xCMJyUi31wF8zbQUQrsL734mNDsXq5TJbAW2feRVbYUYsRvfJ4JM8KT39uQnSodVEQ7XbUUp4xeMCAxZNVKaUJ)
- tx: [First seller's sell, 227.67 SOL](https://solscan.io/tx/dC8cyEzEGagHFVX5duDdfK93ahX4Sbcx8jJxn8RBeFxWNesvHmQTbavKQ8o65dDyJK6umNNnuwXbYegP9UFpn7y)
- tx: [First seller pays FMs5…1ME6](https://solscan.io/tx/5wooVJkvVxfXn8gjgX75wLL8mw3Yqc58q8w3dueMvgKR7n582ZchK6T4JaX4zTMQAV3vuTeHiWV4cLcKuch5zQbv)
- tx: [Second seller's sell, 179.66 SOL](https://solscan.io/tx/5B1FS1WgHh3kqiVhQu4Hf2CE9xohBm3vLHpfTxyXvESpDxBXJG7xStSkJxc2PDEncFjfACdGuzr45g2FzgcwVD7Y)
- tx: [Second seller pays FMs5…1ME6](https://solscan.io/tx/4PfXRpVsECMHU3VeN23C4poFYLWRc3EyRtRCssroGpucGVHLvVhDoXgSUuwvaG2326AenkqnUE9JkGbWksGzZkTj)
- tx: [FMs5…1ME6 funds a second-wave seller, 7:55 AM ET](https://solscan.io/tx/5u7qFaGg5AqTBoi1jzbBA8tZd6AvBBRP4LU1RDJmyYdAZwcbnQmBHfink7pduSEbkWRmMRiMf21f978Px9xPhNCM)
- tx: [That seller pays FMs5…1ME6 19.62 SOL, 8:29 AM ET](https://solscan.io/tx/wwXcHceN9NDKd7U8aK6JZnamR57nc8tL4E3Jq7i98CzKKBMYCXoLPAtXDcTXTBAN88u7bDdT2rSDqqyznQfRNbc)
- onchain: [$MEMEAGENCY's main pool](https://solscan.io/account/7cBNAJXqWjDuPHf1wWEMLcTLx1wbFqDeNnV2St2F3C6Q)