Rug replay
Mil: the first 4 hours, minute by minute
on Solana, launched 31 October 2026 at 00:16 UK time. We recorded 4 hours of one-minute prices from 00:26. 6 warning signs lit up along the way, and 24 hours after launch it had collapsed.
- Spiking
- Cooling off
- Sliding
- Settling
- Quiet
- Warning sign
- Serious sign or the fall
- Other event
6 warning signs in this replay.
1x plays one minute of the coin's life every second. Keys: Space plays or pauses, J and L jump 10 minutes, and the arrow keys move the slider one minute.
Prices are our own one-minute records. Buys vs sells are counts of trades in the past 5 minutes, not dollars. Times are UK time. Where our live records had a gap, we used the coin's case file or DexScreener prices every 2 minutes; each event names its source.
Every event, with its time and source
- We first saw it on our live boardSource: lab.db event (first_seen), minute 1.
- Paid profile bought on DexScreener
DexScreener's own timestamp for the order.
Source: lab.db event (promo), minute 1. - First check: grade D, 2 warning signs
3 wallets bought identical bags.
Dev has launched tokens that rugged.
Source: outcomes.db first_check, minute 1. - Phase: Cooling off
The price was 20% or more below a high set in the past hour, after a run up.
A paid boost, profile or ad was bought in the hour before.
Source: phase.db phase_log 59769, minute 2. - Our grade changed from D to BSource: lab.db event (grade), 1 change, minute 11.
- Our grade changed from B to CSource: lab.db event (grade), 1 change, minute 31.
- Phase: Spiking
The price was at least 3x its lowest point of the past hour.
A paid boost, profile or ad was bought in the hour before.
Source: phase.db phase_log 59938, minute 39. - Paid profile bought while up 3.4x in an hour
Paid profile bought 40 minutes ago on DexScreener.
The price is up 239% over the last hour (3.4x).
Market value $12.4k, still on its launchpad bonding curve.
An hour later the price was 4.7% higher than when we logged this.
Our read: paid attention arriving after a 3x move gives the early holders a crowd to exit into.
Source: findings.db finding 2240ae07ba41, minute 41. - Our grade changed 2 times in 7 minutes, ending at E
It moved between B, C and E as new checks came in, from 01:06 to 01:14.
Source: lab.db event (grade), 2 changes, minute 41. - Left the launchpad for a full trading poolSource: lab.db event (graduated), minute 47.
- Lost its clean grade: B to E
It was graded B for 7 minutes before the drop to E.
What appeared: Already trading on an open pool, in its first hours.
Price from going clean to the drop: +182%.
Market value at the drop: $34.7k.
Source: findings.db finding 8c5cf439abd0, minute 49. - Highest price in our minute bars, market value $46.2kSource: lab.db bar, computed, minute 49.
- Price fell below half its peak, 62% down
4 minutes after the peak.
Source: lab.db bar, computed, minute 53. - Liquidity fell 52% in 5 minutes, $16.5k to $8k
Liquidity went from $16.5k to $8k in 5 minutes.
The price moved -72% over the same time.
Market value is now $13.3k.
Source: findings.db finding 00b29a734818, minute 55. - Paid profile bought on DexScreener
DexScreener's own timestamp for the order.
Source: lab.db event (promo), minute 59. - Profile refreshed bought on DexScreener
DexScreener's own timestamp for the order.
Source: lab.db event (promo), minute 60. - Phase: Cooling off
The price was 20% or more below a high set in the past hour, after a run up.
A paid boost, profile or ad was bought in the hour before.
Source: phase.db phase_log 60067, minute 63. - Our grade changed 3 times in 7 minutes, ending at F
It moved between E and F as new checks came in, from 02:13 to 02:20.
Source: lab.db event (grade), 3 changes, minute 108. - Phase: Sliding
Each 20-minute low of the past hour was lower than the one before.
Source: phase.db phase_log 60294, minute 120. - Phase: Settling
No new low for 30 minutes, and the price range was narrowing.
Source: phase.db phase_log 60468, minute 150. - Phase: Quiet
Under $2,000 was traded in the past hour.
Source: phase.db phase_log 60568, minute 174. - Phase: Sliding
Each 20-minute low of the past hour was lower than the one before.
Source: phase.db phase_log 60626, minute 182. - 24 hours after launch: collapsed, 96% below the highest price we recorded
Collapsed: the price was under a tenth of its peak, or liquidity was under $1,000 outside the launchpad.
Source: outcomes.db outcomes.out24_status, after our minute bars end.
What the check showed before the fall
Our first check graded Mil D at 00:26 UK time, 10 minutes after launch, with 2 warning signs:
The price first fell below half its peak at 01:19, 4 minutes after its highest point in our records. Before that, 4 of the 6 warning signs in this replay had appeared:
- 00:26 First check: grade D, 2 warning signs
- 01:06 Paid profile bought while up 3.4x in an hour
- 01:06 Our grade changed 2 times in 7 minutes, ending at E
- 01:14 Lost its clean grade: B to E
2 more signs appeared after the fall began.
24 hours after launch: collapsed, 96% below the highest price we recorded.