This is very interesting regarding $JIMOTHY and the breakdown of the top 100 wallets activity (Appear to have the bundler / MM tag on GMGN but a good portion are accumulating for potential CEX listing most likely - I did spot a Wintermute wallet on Bubblemaps as well): +++++++++++++++++++++++++++++++++++++ 🦝 — Bundler / Market Maker Activity Breakdown Sample: Top 96 holders Bundlers / MM's: 52 wallets = 54% of top holders Bundler / MM's supply: 22.4% = $1.5M Lifetime transaction split (top holders only): - Bundlers / MM's: 3,408 buys / 1,371 sells - Non-bundlers: 551 buys / 500 sells - Bundlers / MM's = 86.1% of all buys, 73.3% of all sells Net behavior: - 42 bundlers / MM's net buying 🟢 - 10 net selling 🔴 - 15 never sold a single token +++++++++++++++++++++++++++++++++++++ 🦝 — Who Is Actually Trading This Token? 🔗 TOKEN DATA: gmgn.ai/sol/token/AhzyOltk_G… When you look under the hood, one group is doing almost all of the work. 🧵 The question everyone asks about JIMOTHY: how much of this tape is the bundlers / MM's? The answer: most of it. Of the top 96 holders, 52 carry the bundler/MM tag — 54 percent of the entire top holder list. They control 22.4% of total supply, about $1.5 million at today's price. But the more striking number is in the trading activity. Across the lifetime of this token, those 52 wallets have executed 3,408 buys against 1,371 sells. The other 44 top holders combined have executed just 551 buys and 500 sells. That means 86.1% of every buy and 73.3% of every sell from the top holder group came from bundler/MM-tagged wallets. What that actually means This token's largest holders are not passive. They are the market (Market Makers). The depth, the liquidity, the rhythm of the tape — all of it is driven by a single cohort of 52 wallets who bought in at launch and have been trading with themselves and around the edges ever since. But the direction matters: 42 of those 52 bundlers are net buyers (Market Makers). Only 10 are net sellers. And 15 bundlers have never sold a single token — they have bought 15-plus times and never once pressed the sell button. The ratio is 2.5 buys for every 1 sell across the bundler cohort's entire history. That is not a distribution pattern. That is accumulation — or at minimum, a group that has not begun to exit. What the non-bundlers are doing The other 44 top holders have a nearly even split: 551 buys, 500 sells. They are the tourists and the traders — roughly balanced, taking profits and adding back in equal measure. The organic market is neutral. The honest read The bundler/MM share of the tape sounds alarming on its face — 86% of buys. But the behavior inside that 86% is the opposite of a rug. A rugging cohort sells. This one is buying at 2.5-to-1, holds 22.4% supply, and has 15 members who have never sold. $JIMOTHY's bundlers / MM's are not waiting to exit. They are the engine of the market. Whether that is a good thing or a bad thing depends entirely on whether they ever flip their bias — and so far, through a 70% drawdown, they have not. Seems they are wanting to buy at these low prices before a big run up? Possibly? $PNUT and $FRED had very similar activity back in 2024 before being listed on @binance and going on huge runs literally overnight. Stay vigilant ! Be prepared ! #Solana 🌐