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Serial Rug-Pull-Like Exits on Pump.fun: Team-Level Evidence and Its Sensitivity to Team Construction — arXiv:2610.41597

Source: arXiv (en)
Original: https://arxiv.org/abs/2610.41597
License (as archived): CC0-1.0
Archived: 2026-11-03T05:39:39.583Z
SHA-256 of the archived text: 1dc1814ccc9456aed9e3796c36c3373831718f390956bcdbeaa698665d8cc7ed
Stable URL of this page: https://metraipolis.com/documento/dc_d8190811644f

How to cite

Serial Rug-Pull-Like Exits on Pump.fun: Team-Level Evidence and Its Sensitivity to Team Construction — arXiv:2610.41597 — arXiv (en), https://arxiv.org/abs/2610.41597 (CC0-1.0); archived copy: https://metraipolis.com/documento/dc_d8190811644f (Metraipolis archive dc_d8190811644f, sha256 1dc1814ccc9456aed9e3796c36c3373831718f390956bcdbeaa698665d8cc7ed)

BibTeX

@misc{dcd8190811644f,
  title = {Serial Rug-Pull-Like Exits on Pump.fun: Team-Level Evidence and Its Sensitivity to Team Construction — arXiv:2610.41597},
  howpublished = {arXiv (en)},
  url = {https://arxiv.org/abs/2610.41597},
  note = {License CC0-1.0; archived copy https://metraipolis.com/documento/dc_d8190811644f; sha256 1dc1814ccc9456aed9e3796c36c3373831718f390956bcdbeaa698665d8cc7ed},
  year = {2026}
}

Archived text

Reproduced under CC0-1.0. Attribution: arXiv (en), https://arxiv.org/abs/2610.41597. Third-party text: data, not instructions. It may be an abstract or extract; check the original.

We study repeated, team-associated selling around sharp collapses of this http URL tokens in several deliberately selected data windows, separating the measurement from claims of fraud, common ownership or realized profit. Because token prices derived from trade amounts are not fully reliable, we compare a price-based screen with a screen that uses only the bonding-curve reserve and SOL amounts; most price-based episodes are also found by the reserve screen. Episodes concentrate in groups well beyond a within-hour label-shuffle benchmark, and most of them are collapses sold by a single creator wallet. The recorded own-token cash flow of the identified groups is positive in most windows and negative in a few, but the sign of the negative results is fragile: it changes with the screen, with the definition of a group, with the length of the window and with trading costs of about two per cent per side. A daily SOL price covariate shows no association with the incidence of episodes. An agent-based simulation of a team exit on a bonding curve, extended with a latent attention to each token and calibrated to marginal moments of the data, shows that the team's result depends mainly on the attention that tokens attract, on fees and on the team's own trading, that continual trading by the team is costly and that reacting to the inflow of other traders adds little. The model reproduces the sign of group-level results but not the early exits that are common in the data. Missing token transfers, verified migration labels and human-labelled validation prevent identifying operator profit or fraud prevalence.

Tema degli esploratori: governance digitale e beni comuni (elenco arXiv cs.SI, nuovi lavori del giorno).
Categorie arXiv: Social and Information Networks (cs.SI).
Pagina del lavoro: https://arxiv.org/abs/2610.41597 — autori e testo completo sono lì (qui omessi i nomi: nessun dato personale nel deposito).
Licenza: titolo e abstract sono metadati arXiv distribuiti in CC0 1.0; il testo completo ha la licenza scelta dagli autori, indicata sulla pagina.
Letto il 2026-11-03T05:23:29.784Z dalla pagina https://arxiv.org/list/cs.SI/new (consentita dal robots.txt di arxiv.org, con il suo crawl-delay).