WAVE

Wavecrest

Elysium Testnet · 99801Simulated launch · Wash-traded volume0x6c91c4…2f0e6dverified against replica B (simulated) just nowblock 10,348,000

Verifier

On Off

59partial est.

trader verdict

NO-GO

Hard rule failed: Inflated volume share is 79.3% (<= 15.0% required; hard limit 35.0%).

What would change this

Needs +$26,174 (now $13,826, estimated bar $40,000).
Hard rule. Reduce by 64.3 pts (now 79.3%, estimated limit 15.0%).

Estimate based on public Ascend criteria (config 2026.10-estimate.1). Not an official Ascend decision. Digest 86285e0682f1c549…

Raw holders171

Effective holders171

100% of raw holders are independent

Market cap

$427k

price × (supply − burn)

Organic vol / day

$13.8k

time-weighted, 7d

Top-10 share

31%

Inflated volume

79%

Plain-language summary

WAVE fails at least one hard integrity rule. 171 raw holders resolve to 171 effective holders. Hard rule failed: Inflated volume share is 79.3% (<= 15.0% required; hard limit 35.0%).

Commentary is advisory. It can downgrade a verdict to WAIT or NO-GO but can never upgrade one; verdicts come from deterministic, versioned rules.

Score breakdown

Every rule, every number.

Thresholds live in a versioned config, are shown here, and are labelled estimates. Hard rules decide No-go on their own.

Rule	Measured	Estimated bar	Status
Organic daily volume (time-weighted) growth · weight 15%	$13.8k	>= $40.0k	Below bar
Effective / raw holders integrity · weight 15%	1.00	>= 0.75 hard < 0.50	Pass
Top-10 holder share integrity · weight 10%	31.4%	<= 45.0% hard > 80.0%	Pass
Top-1 holder share integrity · weight 5%	6.3%	<= 10.0% hard > 25.0%	Pass
Inflated volume share integrity · weight 15%	79.3%	<= 15.0% hard > 35.0%	Hard fail
Fresh-wallet share integrity · weight 5%	unverified	<= 35.0% hard > 70.0%	Unverified

Holder concentration

Ascend checks for concentrated accumulation.

Top 1

6.3%

Top 5

20.5%

Top 10

31.4%

HHI

0.017

Gini

0.58

Holders

171

1
0xfb0e…87ef
6.3%
2
0xf9ab…de7f
4.9%
3
0xeb35…c8ea
3.2%
4
0x9891…6fb3
3.1%
5
0x0dee…1624
3.0%
6
0x0bfb…a8fd
2.4%
7
0xf8ee…b2c0
2.3%
8
0xe8f7…645f
2.2%
9
0xe5e2…de07
2.1%
10
0xbb0c…b1c5
2.0%

Share of circulating supply. Pool and burn addresses are excluded.

Linked wallets

Wallets whose first funding traces to the same source, merged into effective holders.

Wallets linked by funding source (one operator pattern)Independent holders12 wallets also show round-trip flow

Volume per unique wallet

Total volume split into organic and inflated, with volume per effective wallet over time. Time-weighted organic volume: $13.8k per day.

Organic volumeInflated (wash or coordinated wallets)Volume per effective wallet (peak $750)

Evidence

Published findings and receipts.

Open any finding to see the facts it cites and a copy-paste command that reproduces each one from chain state.

Holder concentration

Top-1 holds 6.3%, top-10 hold 31.4% of circulating supply across 171 holders (pool and burn excluded).

concentration@1.0.0published

Finding fnd_c6344e579d1813 cited factsdigest de58d4a452a9…JSON

Fact	Block	Reference	Re-fetched
call	10,348,000	0x18160ddd…(0x6c91…0e6d)	identical	simulated
call	10,348,000	0x70a08231…(0x6c91…0e6d)	identical	simulated
call	10,348,000	0x70a08231…(0x6c91…0e6d)	identical	simulated
call	10,348,000	0x70a08231…(0x6c91…0e6d)	identical	simulated
call	10,348,000	0x70a08231…(0x6c91…0e6d)	identical	simulated
call	10,348,000	0x70a08231…(0x6c91…0e6d)	identical	simulated
call	10,348,000	0x70a08231…(0x6c91…0e6d)	identical	simulated
call	10,348,000	0x70a08231…(0x6c91…0e6d)	identical	simulated
call	10,348,000	0x70a08231…(0x6c91…0e6d)	identical	simulated
call	10,348,000	0x70a08231…(0x6c91…0e6d)	identical	simulated
call	10,348,000	0x70a08231…(0x6c91…0e6d)	identical	simulated
call	10,348,000	0x70a08231…(0x6c91…0e6d)	identical	simulated
call	10,348,000	0x70a08231…(0x6c91…0e6d)	identical	simulated

Funding-source clusters

12 wallets fall into 2 groups linked by a shared funding source within 2 hops.

funding-clusters@1.0.0published

Finding fnd_52dbc3e0771c11 cited factsdigest 4a86f9b15cfc…JSON

Fact	Block	Reference	Re-fetched
call	10,348,000	0x18160ddd…(0x6c91…0e6d)	identical	simulated
tx	4,334,918	0x77db9467…0d55da23	identical	simulated
tx	3,971,381	0x80150fae…a63f670e	identical	simulated
tx	4,194,358	0x17bb7dfd…5ec44784	identical	simulated
tx	3,941,358	0x53bc114a…f452043d	identical	simulated
tx	4,453,723	0xc18bf8e1…83f97157	identical	simulated
tx	4,004,433	0x48bf5840…2a413dd3	identical	simulated
tx	3,939,945	0xc48e9dc3…3943edc7	identical	simulated
tx	3,857,024	0x257b9085…f461acb8	identical	simulated
tx	3,976,291	0x822d00d0…e23e28a1	identical	simulated
tx	4,261,454	0x942701d0…f2ccbda6	identical	simulated

Same-block entry
No synchronized same-block entry batches detected.
same-block-entry@1.0.0published
Finding fnd_6e500405c2d71 cited factsdigest 40c2f91b801c…JSON
Fact Block Reference Re-fetched
call 10,348,000 0x18160ddd…(0x6c91…0e6d) identical simulated

Wash loops and round trips

12 wallets show round-trip or cyclic flow with near-zero net position, accounting for 79.3% of volume.

wash-loops@1.0.0published

Finding fnd_1ce38a34582219 cited factsdigest 1c93d04a1c7c…JSON

Fact	Block	Reference	Re-fetched
call	10,348,000	0x18160ddd…(0x6c91…0e6d)	identical	simulated
log	4,462,214	0x1ba1b391…de013050	identical	simulated
log	7,023,202	0xb5b7c027…b04a55e5	identical	simulated
log	5,042,428	0x71074f36…3c128d1d	identical	simulated
log	7,225,516	0x41430fa4…0a2026ca	identical	simulated
log	4,500,044	0xfdfbb7ec…4f5d6402	identical	simulated
log	7,492,359	0xf841b7b3…f1ac9aac	identical	simulated
log	4,618,469	0xbcc4d432…371302f3	identical	simulated
log	7,205,667	0xfa3ca6e3…a014f3b7	identical	simulated
log	4,468,934	0xf3118f55…6d2682ba	identical	simulated
log	7,502,216	0xe54d6f0b…62598fb8	identical	simulated
log	4,471,742	0x77119fde…f350d438	identical	simulated
log	7,979,708	0x2039ee63…12e61df3	identical	simulated
log	5,695,386	0xb1d3283a…a9aced41	identical	simulated
log	5,695,436	0x29785f00…b347bdc3	identical	simulated
log	6,499,819	0xdc6cf47a…365c5507	identical	simulated
log	9,049,792	0xef6803c9…420e18dd	identical	simulated
log	9,105,327	0x0bd31d28…a8cde19e	identical	simulated
log	9,778,811	0x30cc6f26…760a15f3	identical	simulated

Effective holders

171 raw holders collapse to 171 effective holders after merging linked wallets.

effective-holders@1.0.0published

Finding fnd_a9248fa8c95015 cited factsdigest b3e24c7e2b9c…JSON

Fact	Block	Reference	Re-fetched
call	10,348,000	0x18160ddd…(0x6c91…0e6d)	identical	simulated
tx	4,334,918	0x77db9467…0d55da23	identical	simulated
tx	3,971,381	0x80150fae…a63f670e	identical	simulated
tx	4,194,358	0x17bb7dfd…5ec44784	identical	simulated
tx	3,941,358	0x53bc114a…f452043d	identical	simulated
tx	4,453,723	0xc18bf8e1…83f97157	identical	simulated
tx	4,004,433	0x48bf5840…2a413dd3	identical	simulated
tx	3,939,945	0xc48e9dc3…3943edc7	identical	simulated
log	4,462,214	0x1ba1b391…de013050	identical	simulated
log	7,023,202	0xb5b7c027…b04a55e5	identical	simulated
log	5,042,428	0x71074f36…3c128d1d	identical	simulated
log	7,225,516	0x41430fa4…0a2026ca	identical	simulated
log	4,500,044	0xfdfbb7ec…4f5d6402	identical	simulated
log	7,492,359	0xf841b7b3…f1ac9aac	identical	simulated
log	4,618,469	0xbcc4d432…371302f3	identical	simulated

Volume per unique wallet

$1,120,844 traded; 79.3% attributable to wash or coordinated wallets. Time-weighted organic volume: $13,826/day.

volume-per-wallet@1.0.0published

Finding fnd_1e1dc29764a911 cited factsdigest 3788a4476220…JSON

Fact	Block	Reference	Re-fetched
call	10,348,000	0x18160ddd…(0x6c91…0e6d)	identical	simulated
log	4,430,638	0xcaa0c156…27750e04	identical	simulated
log	6,135,434	0xf90c0cc8…f3b90718	identical	simulated
log	6,586,227	0x8ba99fa8…2d78f961	identical	simulated
log	7,485,352	0x7c2928b0…ad7d9f8a	identical	simulated
log	10,246,646	0xdc289cd9…3d08e274	identical	simulated
log	8,806,162	0x71c0b27d…7b037116	identical	simulated
log	6,774,967	0xcfd63ba1…23eb9010	identical	simulated
log	4,599,640	0x6e6adfcd…a2293c38	identical	simulated
log	6,417,515	0xe4ca7718…bc0a384e	identical	simulated
log	5,282,689	0x0266e2b0…303a9f47	identical	simulated

Market capitalization

Median of last 5 swaps prices the token at $0.000431; market cap ≈ $426,954.

market-cap@1.0.0published

Finding fnd_496919d44e237 cited factsdigest 1a961322e0f5…JSON

Fact	Block	Reference	Re-fetched
call	10,348,000	0x18160ddd…(0x6c91…0e6d)	identical	simulated
call	10,348,000	0x70a08231…(0x6c91…0e6d)	identical	simulated
log	10,329,723	0x37ed73a7…016ee08b	identical	simulated
log	10,335,105	0xdfb0f43f…fdb950ee	identical	simulated
log	10,340,641	0x7c10611b…e712561d	identical	simulated
log	10,341,136	0xb114d29f…85da8697	identical	simulated
log	10,342,327	0xbda3e620…7f0cc75a	identical	simulated

Withheld

Claims we did not publish.

Findings that failed verification are listed openly, with the reason, instead of being quietly dropped.

Wallet age and activity

8.2% of holders are fresh wallets (≤3 lifetime transactions, funded shortly before first buy).

wallet-age@1.0.0withheld

Withheld. 3 of 22 cited facts did not re-fetch identically. First mismatch: nonce(0x112e664c…)@10348000 — indexer 0x3 vs verifier 0x2. Likely stale indexer cache or a reorg; the claim is withheld until it re-indexes.

Finding fnd_6dba9411cf1d22 cited factsdigest f85cbf011b7b…JSON

Fact	Block	Reference	Re-fetched
call	10,348,000	0x18160ddd…(0x6c91…0e6d)	identical	simulated
nonce	10,348,000	0x112e66…252036	mismatch	simulated
nonce	10,348,000	0x159613…4a8da8	mismatch	simulated
nonce	10,348,000	0x1cd937…8fecb8	mismatch	simulated
nonce	10,348,000	0x371ade…9d212c	identical	simulated
nonce	10,348,000	0x46dfee…f8e845	identical	simulated
nonce	10,348,000	0x5c3960…9a7156	identical	simulated
nonce	10,348,000	0x714066…26861d	identical	simulated
nonce	10,348,000	0x76bb58…bd612e	identical	simulated
nonce	10,348,000	0x8b6471…3e1eb5	identical	simulated
nonce	10,348,000	0x8f2a38…05bf75	identical	simulated
nonce	10,348,000	0x993b53…47327b	identical	simulated
nonce	10,348,000	0xa127a1…4d659a	identical	simulated
nonce	10,348,000	0xc21c88…00bdc0	identical	simulated
nonce	10,348,000	0xf097f0…f1523f	identical	simulated
nonce	10,348,000	0x027c48…dc892f	identical	simulated
nonce	10,348,000	0x1efd9c…359691	identical	simulated
nonce	10,348,000	0x3fd43b…fd59a0	identical	simulated
nonce	10,348,000	0x653895…517626	identical	simulated
nonce	10,348,000	0x879189…10befa	identical	simulated
nonce	10,348,000	0xb0fa9e…2bfbe0	identical	simulated
nonce	10,348,000	0xd839cf…054d00	identical	simulated

Back-test

Planted versus found.

The pattern in this mock launch was planted by us, so the answer is known. Ascertain never sees it.

Raw holders

171planted 171

exact match

Effective holders

171planted 171

exact match

Linked groups

2planted 2

exact match

Wash wallets

12planted 12

exact match

Injected for demonstration: Indexer cached outdated transaction counts for 3 wallets (still classed fresh, but the receipts no longer match chain state).

Creator view

Lifecycle tracker and revenue planner

See where this token sits across Launch, Ascended, HyperCore spot and HIP-3, what is known and unknown at each stage, and model creator fee revenue and a listing reserve.

Open creator dashboard

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