POINTLESS: the first 5 hours, minute by 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

1. 22:03
   We first saw it on our live boardSource: lab.db event (first_seen), minute 0.
2. 22:03
   First check: grade D, 1 warning sign

   5 wallets bought identical bags.

   Source: outcomes.db first_check, minute 1.
3. 22:11
   Phase: Spiking

   The price was at least 3x its lowest point of the past hour.

   Source: phase.db phase_log 1720, minute 8.
4. 22:17
   Paid profile bought on DexScreener

   DexScreener's own timestamp for the order.

   Source: lab.db event (promo), minute 15.
5. 22:18
   Paid profile bought while up 3.5x in an hour

   Paid profile bought 1 minute ago on DexScreener.

   The price is up 248% over the last hour (3.5x).

   Market value $22.1k, still on its launchpad bonding curve.

   An hour later the price was 13% 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 8038f53a0abf, minute 15.
6. 22:48
   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 1855, minute 45.
7. 23:04
   Phase: Settling

   No new low for 30 minutes, and the price range was narrowing.

   A paid boost, profile or ad was bought in the hour before.

   Source: phase.db phase_log 1945, minute 62.
8. 23 Oct 00:07
   Phase: Settling

   No new low for 30 minutes, and the price range was narrowing.

   Source: phase.db phase_log 2213, minute 124.
9. 23 Oct 00:18
   Highest price in our minute bars, market value $38.1kSource: lab.db bar, computed, minute 135.
10. 23 Oct 00:18
    Left the launchpad for a full trading poolSource: lab.db event (graduated), minute 135.
11. 23 Oct 00:20
    Price fell below half its peak, 54% down

    2 minutes after the peak.

    Source: lab.db bar, computed, minute 137.
12. 23 Oct 00:20
    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 2251, minute 137.
13. 23 Oct 00:24
    Liquidity fell 59% in 6 minutes, $15.9k to $6.6k

    Liquidity went from $15.9k to $6.6k in 6 minutes.

    The price moved -78% over the same time.

    Market value is now $9.7k.

    Source: findings.db finding cdede3eb84fa, minute 142.
14. 23 Oct 00:25
    Our grade changed from D to BSource: lab.db event (grade), 1 change, minute 143.
15. 23 Oct 00:36
    Lost its clean grade: B to E

    It was graded B for 10 minutes before the drop to E.

    What appeared: 4 wallets bought identical bags; Very thin liquidity.

    Price from going clean to the drop: -36%.

    Market value at the drop: $5.7k.

    Source: findings.db finding 4abb1baa0be2, minute 154.
16. 23 Oct 00:49
    Phase: Sliding

    Each 20-minute low of the past hour was lower than the one before.

    Source: phase.db phase_log 2371, minute 166.
17. 23 Oct 01:28
    Our grade changed from E to BSource: lab.db event (grade), 1 change, minute 205.
18. 23 Oct 01:43
    Phase: Quiet

    Under $2,000 was traded in the past hour.

    Source: phase.db phase_log 2610, minute 220.
19. 23 Oct 22:00
    24 hours after launch: collapsed, 93% 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