Is the "UNI" (Superman) coin's 99% lock what it looks like? The locks pay back to the developer

Is the "UNI" coin's 99% lock what it looks like? Only in part: the coins are locked, but the locks pay them back to the developer. "UNI" (jM9r…pump) is a pump.fun coin launched at 3:53 PM ET on 1 November and promoted by an X account calling itself "Superman" as a coin with 99% of its supply locked. It is an unrelated coin with the same ticker as Uniswap's UNI; we don't know whether Uniswap had any part.

In the creation transaction, the developer's wallet, yHCx…6PRe, bought about 99.19% of the supply for about 2,219.5 SOL. Between 3:54 and 3:58 PM ET it moved about 98.9% into five Streamflow contracts; Streamflow took about 0.5% of each deposit as its fee, as each lock's transaction log shows, so the contracts hold 98.40% of the supply. Each contract names yHCx as both the sender and the recipient: when a lock ends, the coins go back to the developer's own wallet, all at once. Four of the locks, together 90.50% of the supply, end at 3:00 PM ET on 31 December 2026, about two months after launch; the fifth, 7.90%, ends at 4:00 PM ET on 31 October 2027. None had been cancelled or withdrawn from as of 10:56 AM ET on 2 November.

That left the developer about 0.30% of the supply unlocked. Between 3:58:41 and 3:59:05 PM ET, about five to six minutes after launch, yHCx sold all of it in 139 sales (the first) for about 2,063 SOL. At 4:34 PM ET it sent 2,050 SOL to another wallet, D1iQ…qVZX.

The market value counts the locked coins. Its highest 5-minute close was about $197.7M, at 4:30 PM ET on 1 November, per GeckoTerminal; that figure is the price times the whole supply, 98.4% of which can't be sold until the locks end. At that price the 1.6% outside the locks was worth about $3.2M. Its latest closed 5-minute candle, at 10:50 AM ET on 2 November, was about $8.91M, and DexScreener showed about $8.90M at 11:00 AM ET.

How to check a lock yourself. A lock says nothing about who gets the coins back. Open the lock contract (Streamflow shows each one at app.streamflow.finance; the contract ID is in the transaction that created it) and read three fields: the recipient, the unlock time, and whether the sender can cancel it. If the recipient is the wallet that created the coin or bought most of it, the locked coins return to that wallet on the unlock date. Then look at the wallet's sales right after launch: what isn't locked can be sold at once.