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$MACHI — Structural Analysis Report

Case Study #001

WALLET LABS RESEARCH

Wallet Labs dataset entry documenting the launch structure, creator attribution, supply distribution, and early lifecycle behavior of the Solana token Machi Big Brother.

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Figure 1 — $MACHI market activity during the early lifecycle phase.

Research Context

Wallet Labs studies the structural behavior of newly launched cryptocurrency tokens during their earliest market phases.

New tokens—particularly those launched through automated platforms such as Pump.fun—often experience rapid liquidity formation, concentrated early ownership, and accelerated trading activity. These conditions create environments where market structure evolves quickly and distribution patterns can shift within hours or days.

The objective of Wallet Labs research is to document these structural conditions using publicly observable blockchain data.

Rather than focusing on price speculation, the research framework analyses measurable signals including:

wallet concentration
liquidity formation
early transaction behavior
wallet cluster relationships
creator deployment patterns
distribution velocity across holders

By analysing these signals across multiple token launches, Wallet Labs aims to better understand how early-stage token markets develop and how ownership structures change during the initial lifecycle phases.


Token Overview

Token Name
Machi Big Brother

Ticker
MACHI

Contract Address
ATBR4i19gcQ31Rfr7ymA2XvkCQEAkNFGBtVKTmdqpump

Solscan
https://solscan.io/token/ATBR4i19gcQ31Rfr7ymA2XvkCQEAkNFGBtVKTmdqpump

Blockchain
Solana

Launch Platform
Pump.fun

Token Page
https://pump.fun/coin/ATBR4i19gcQ31Rfr7ymA2XvkCQEAkNFGBtVKTmdqpump

Decimals
6

Token Age at Time of Analysis
≈ 6 days

Market Cap (Observed Snapshot)
≈ $597,000

All-Time High Market Cap
≈ $2,800,000


Launch Information

First Mint Timestamp
09:13:05 — March 02, 2026 (UTC)

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Creator Wallet
Hp34goKgAhAYW6sw9iFAZofvDTr3DAhtkSKF1R9bAk2P

Pump.fun Creator Profile
helixbt

Creator Profile
https://pump.fun/profile/helixbt

Creator Profile Metrics

Followers: 215
Following: 0
Tokens Deployed: 386

The Pump.fun platform automatically associates token deployments with the wallet that performs the mint transaction. The creator profile helixbt is linked to the wallet above and shows 386 deployed tokens, indicating a high-frequency deployer profile on the platform.


Funding Structure

Creator Wallet
Hp34goKgAhAYW6sw9iFAZofvDTr3DAhtkSKF1R9bAk2P

Funding Wallet
AcxSZuEJanntTJLKBNWmVrQNVourKhwLHehLbDLdQLUv

Funding Origin
Kraken Hot Wallet

Observed funding path:

Kraken Hot Walletintermediary wallet creator wallet → Pump.fun deployment

This indicates that exchange-origin funds were transferred to the creator wallet prior to the token deployment.


Token Mint Authority

Mint Authority
TSLvdd1pWpHVjahSpsvCXUbgwsL3JAcvokwaKt1eokM

Authority Type
Pump.fun Token Mint Authority

Owner Program
System Program

Pump.fun tokens typically begin with mint authority controlled by the platform before transitioning into the bonding curve trading phase.


Market Metrics (Observed Snapshot)

Market Cap
≈ $597,200

All-Time High
≈ $2,800,000

Token Age
≈ 6 days


Liquidity and Trading Activity

Earlier market observations recorded the following metrics during the early lifecycle monitoring phase.

Observed Liquidity Range
$95,000 – $135,000

Early Market Cap Snapshot
≈ $222,000

Example 24-Hour Trading Volume
≈ $1,100,000

Transactions (24-hour snapshot)
≈ 10,600

Unique Traders
≈ 1,500

Total Holders
≈ 1,400

These metrics indicate a high level of trading activity relative to available liquidity during the early lifecycle phase.


Holder Distribution

Largest Holder (LP Pool)
6.64%

Top 50 Holders
56.37%

Top 100 Holders
75.80%

The holder distribution reflects a moderately concentrated early supply structure, which is common among newly launched micro-cap tokens.


Supply Structure

Pump.fun AMM Liquidity Pool
≈ 5.75% of supply

Largest Non-Liquidity Wallet
≈ 2.32%


Concentration Metrics

Top 10 Holders
≈ 18.3%

Top 20 Holders
≈ 29.6%

Observed Holder Allocation Pattern

Early holders cluster within the range of approximately 1.0% – 2.3%.

This indicates:

no dominant single whale
moderate early concentration
distribution across multiple early buyers

Such allocation patterns are typical of Pump.fun bonding curve launches.


Holder Network Structure

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Figure 2 — Wallet cluster visualization showing early holder distribution patterns for $MACHI.

Proxy wallet mapping suggests the following network pattern:

central wallet hub

cluster wallet groups

independent retail holders

Bubble map visualization indicates:

a central distribution hub
several interconnected wallet clusters
an outer ring of independent retail holders


Cluster Analysis (Proxy Mapping)

Proxy wallet mapping identified several clusters connected through transfer relationships.

Observed clusters include:

Cluster #1 — 5.50%
Cluster #2 — 1.89%
Cluster #3 — 1.18%
Cluster #4 — 1.11%
Cluster #5 — 0.96%
Cluster #6 — 1.03%
Cluster #7 — 0.65%

Total cluster-linked supply observed:

≈ 12.32%

Clusters represent wallets sharing transfer relationships or interaction patterns.


Example Cluster Wallets

Cluster #1
CqrWHw...kxzD → 3.35%
ApRnQN...Hdz1 → 1.24%
Bf4zji...cJm6 → 0.91%

Cluster #2
99wgtd...8omy → 1.01%
GKyyrm...89GR → 0.25%
BzbB5i...Us5d → 0.19%
FA5ndD...6Mzo → 0.17%
8SAQcs...Mg5h → 0.14%

Cluster #3
winrih...SC2t → 0.95%
DqyuPp...y7k2 → 0.23%

Cluster #4
3Gz6BV...DFvp → 1.11%

Cluster #5
HywxKk...5rPy → 0.53%
4aeLUK...A1pL → 0.43%

Cluster #6
CCVQXQ...tokZ → 1.03%

Cluster #7
5D7Jqf...szno → 0.65%


Early Transaction Behavior

Observed launch-phase transaction pattern:

token mint

initial buys

wallet transfers

distribution across cluster wallets

Example early swap transaction:

2.999999999 SOL (~$247)

Tokens received:

96,449,438 tokens

Following the swap, tokens were transferred across multiple wallets, contributing to the early distribution layer.


Creator Deployment Behavior

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Figure 3 — Pump.fun creator profile associated with the deployment wallet.

Creator profile
helixbt

Total tokens deployed
386

Examples of tokens deployed by the same creator profile include:

Benjamin Netanyahu
Tom
Bodie
Bullshit With Fur
The Waluigi Effect
Hiroo Onoda
RIP Mahmoud Ahmadinejad

These appear as separate token deployments associated with the same Pump.fun creator profile.


Early Lifecycle Behavior

The token followed a lifecycle consistent with Pump.fun launch mechanics.

Phase 1 — Deployment
The token was deployed via Pump.fun by the creator wallet.

Phase 2 — Bonding Curve Distribution
Early buyers acquired tokens through bonding curve trading.

Phase 3 — Liquidity Formation
Liquidity transitioned into the Pump.fun AMM pool.

Phase 4 — Early Holder Layer
Supply spread across multiple early wallets.


Structure Signals

Exchange-Funded Deployment
Observed funding path:

Kraken intermediary wallet creator wallet → Pump.fun deployment

Serial Deployer Profile
Creator profile helixbt has deployed 386 tokens.

Pump.fun Native Launch Structure
Evidence includes:

bonding curve token mint
bonding curve trading phase
• Pump.fun AMM liquidity creation

Moderate Early Supply Concentration
Top 10 holders ≈ 18.3%
Top 20 holders ≈ 29.6%

Distributed Early Holder Layer
Top holders cluster between 1% – 2.3%.


Observed Lifecycle Model

Launch (Pump.fun)

early buyer distribution

rapid trading expansion

market cap peak

distribution phase


Research Objectives

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Figure 5 — Wallet Labs research framework illustrating the structural signals analysed in early-stage token markets.

The $MACHI dataset forms part of a broader Wallet Labs effort to document behavioral patterns present in early-stage token markets.

By analysing multiple token launches using the same structural framework, Wallet Labs aims to identify recurring patterns that may appear across different deployments and market conditions.

Areas of interest include:

repeated wallet behavior across token launches
creator deployment frequency and launch patterns
liquidity formation across automated launch platforms
early holder concentration and distribution velocity
wallet cluster structures and proxy ownership relationships

Collecting comparable datasets across many tokens allows structural signals to be observed over time rather than within a single isolated market event.

This research approach helps build a clearer understanding of how early token ecosystems function and how ownership, liquidity, and participation evolve during the first stages of a token’s lifecycle.


Research Significance

This dataset provides visibility into:

creator wallet attribution
token launch platform mechanics
funding origin
cluster wallet relationships
holder concentration patterns
proxy wallet distribution
early lifecycle trading behavior
serial token deployment profiles

These observations contribute to Wallet Labs research into structural behavior and distribution patterns observed in early-stage micro-cap token markets.


Data Sources

All observations in this report are derived from publicly available on-chain data including:

Solana blockchain transaction records
• Pump.fun deployment metadata
token holder distribution data
liquidity pool metrics
transaction history snapshots


Research Disclaimer

This report documents observable blockchain data at the time of analysis.

Wallet Labs does not make claims regarding the identity or intent of any wallet owner. All findings represent structural observations derived from publicly available on-chain data.

Blockchain markets are highly dynamic, and conditions may change after the time of observation.


Dataset Tags

Solana
Pump.fun
Token Analysis
Wallet Structure
Market Structure


WALLET LABS

Blockchain market structure research focused on wallet behavior, liquidity dynamics, and early lifecycle token analysis.

Website
https://walletlabs.tech

Follow Wallet Labs
https://x.com/WalletLabsHQ

Data over narrative.