The pit crew behind McLaren Crash

Late on 21 November 2024, US Pacific time, a streamer went live and told his viewers he was buying a coin called McLaren Crash. Within minutes the chart went vertical. By morning most of the rise was gone.

The coin didn't exist until 05:12 UTC that morning. It was created on pump.fun by a wallet that had received 4.77 SOL nineteen minutes earlier. In the same transaction that created the coin, that wallet bought 50 million tokens, 5% of the supply.

The wallet that funded it had been topped up from a Coinbase withdrawal at 03:59. In the hour before launch it also seeded two other brand-new wallets, each co-funded within the same second by one more address.

At 06:09, a wallet first funded through MoonPay at 01:51 UTC bought 24.9 million tokens for 5 SOL. At 06:22 the buying started: 1,248 transactions in five minutes.

At 07:45 the creator sold its entire 5% for 3.77 SOL. At 09:20 it sent 7.53 SOL to a Duelbits casino deposit address, which swept it into the casino's hot wallet three minutes later. The following April, two wallets that create pump.fun tokens sent SOL into that same deposit address, again and again.

The MoonPay wallet didn't go away. On 26 September 2026 it sent 1.1 SOL to a fresh wallet, and three minutes later that wallet created $JACK, a coin whose creator fees are routed to the same streamer's X handle. The streamer called $JACK a coin he would never sell. Hours later, his account on the fomo trading app showed two sells worth $215,000.

We don't know who controls these wallets. Coinbase, MoonPay and Duelbits do. What the chain shows is a coin launched and stocked by wallets that existed only for that night, and one of them funding the next launch two years later.