Rug replay
SKINWALKER: the first 4 hours, minute by minute
on Solana, launched 25 October 2026 at 01:00 UK time. We recorded 4 hours of one-minute prices from 01:07. 4 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
4 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 F, 1 warning sign
5 wallets bought identical bags.
Source: outcomes.db first_check, minute 1. - 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 17851, minute 1. - Paid profile bought while up 5.8x in an hour
Paid profile bought 1 minute ago on DexScreener.
The price is up 482% over the last hour (5.8x).
Market value $21.4k, still on its launchpad bonding curve.
An hour later the price was 82% lower 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 08c98e1a0881, minute 1. - Left the launchpad for a full trading poolSource: lab.db event (graduated), minute 2.
- Highest price in our minute bars, market value $74.5kSource: lab.db bar, computed, minute 10.
- Price fell below half its peak, 63% down
3 minutes after the peak.
Source: lab.db bar, computed, minute 13. - 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 17924, minute 13. - Liquidity fell 52% in 5 minutes, $22.1k to $10.6k
Liquidity went from $22.1k to $10.6k in 5 minutes.
The price moved -77% over the same time.
Market value is now $17.3k.
Source: findings.db finding b8e765de622b, minute 16. - Our grade changed 6 times in 10 minutes, ending at F
It moved between A, B and F as new checks came in, from 01:37 to 01:47.
Source: lab.db event (grade), 6 changes, minute 31. - Lost its clean grade: A to F
It was graded A for 10 minutes before the drop to F.
What appeared: 3 wallets bought identical bags.
Price from going clean to the drop: +0.6%.
Market value at the drop: $6k.
Source: findings.db finding 6ff8560787e1, minute 41. - Phase: Sliding
Each 20-minute low of the past hour was lower than the one before.
A paid boost, profile or ad was bought in the hour before.
Source: phase.db phase_log 18023, minute 46. - Our grade changed 5 times in 6 minutes, ending at B
It moved between A, B and F as new checks came in, from 01:28 to 01:34.
Source: lab.db event (grade), 5 changes, minute 81. - Phase: Settling
No new low for 30 minutes, and the price range was narrowing.
Source: phase.db phase_log 18248, minute 88. - Phase: Cooling off
The price was 20% or more below a high set in the past hour, after a run up.
Source: phase.db phase_log 18249, minute 89. - Phase: Quiet
Under $2,000 was traded in the past hour.
Source: phase.db phase_log 18488, minute 139. - Our grade changed 2 times in 1 minute, ending at B
It moved between A and B as new checks came in, from 02:36 to 02:37.
Source: lab.db event (grade), 2 changes, minute 150. - Phase: Cooling off
The price was 20% or more below a high set in the past hour, after a run up.
Source: phase.db phase_log 18535, minute 150. - Phase: Quiet
Under $2,000 was traded in the past hour.
Source: phase.db phase_log 18815, minute 208. - Phase: Sliding
Each 20-minute low of the past hour was lower than the one before.
Source: phase.db phase_log 18819, minute 210. - 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 SKINWALKER F at 01:07 UK time, 7 minutes after launch, with 1 warning sign:
The price first fell below half its peak at 01:20, 3 minutes after its highest point in our records. Before that, 2 of the 4 warning signs in this replay had appeared:
- 01:07 First check: grade F, 1 warning sign
- 01:07 Paid profile bought while up 5.8x in an hour
2 more signs appeared after the fall began.
24 hours after launch: collapsed, 96% below the highest price we recorded.