Iris

Case report13 wallets on the board

How to spot a Proxima bundle: $IshiGo

By the Iris teamUpdated October 7, 2026

Token: The Original Inu ($IshiGo), Dqywq8LENBD9BkCFu1eYSDk9kEzctH5Rbby6c4Gupump (pump.fun, launched 2026-09-30 07:48:36 UTC)

Board: https://iriscan.app/explorer/fsd1o3ol-3deqydti4ncx

Iris verdict: Made with Proxima, Proxima bundle: 7 wallets

Every figure below comes from raw chain reads or Iris, with the transaction that shows it.

Summary

$IshiGo looked like an ordinary launch: a dev that bought nothing, and 7 early buyers. All 8 wallets were run by one operator through Proxima, a memecoin launch kit. The 7 buyers took 13.6% of the supply within 16 slots of the launch, sold into later buyers, and cashed out together into one wallet. They made +12.08 SOL after paying Proxima 1.38 SOL in fees. 451 other wallets ended the token with a loss, 126.9 SOL in total (bots included).

Proxima leaves three marks on chain, and this token shows how each one gives the bundle away.

1. Funding (a hint)

The dev. GCbRwWVyTijzT7C77gK2Lwx4dkYAPgVedTfdoEKYRjgd received 0.208795 SOL less than two minutes before launch, through two steps built to hide the sender:

  • Stake bounce, 07:46:43 UTC, G7EBtRhVXsYGg4f95JngsVMsJ1pCNoQfnur9EkaujxXAYWJP8jLVCpzpPyU5Tiv5iaiWHjCp4zrEcQAoxG1bUpf: FDCP7ZRwfnr4525PAFsYLbGjR8y3AwjzTg3csmuUpzD4 creates a stake account, funds it with 0.2096 SOL, and withdraws it to a hop wallet, all in one transaction. No transfer from FDCP to the hop ever appears. The same transaction tips Jito and Astralane.

  • Hop, 07:46:45 UTC, 66eKrm28UPR82zN9NxS8N96dtZoYQxD5TdzPMvNkzqMUYAN6gUUGWw6fertvt5U5dZTPbyk9QjVEhqFadB6FeMui: yCVfVahv5rEhok9phZ16444fuenbJjhEPsRdfi4Fybn, whose whole history is these 2 transactions, pays the dev 0.208795 SOL and tips 0slot, Helius Sender, Jito and Astralane in the same transaction.

The 7 buyers. They were funded 8.8 hours earlier, on 2026-09-29 between 22:58:46 and 22:59:07 UTC: 70 payments of exactly 0.110001 SOL from 70 different wallets in 21 seconds, 10 per buyer. Walked up 9 layers, every tree starts at the same FDCP7Z…pzD4 that funded the dev (for example 245UcW7b2JpEQZ7HMPRD4PRpVgGASUeruzDjz1S2XhYQwGtquqqNJGxjwh4jy5kNvRSW6TY9JXPDbA47GT1K7tyU, 22:58:34).

So one wallet funded the dev and all 7 "independent" buyers: the buyers 8.8 hours before the launch, the dev 2 minutes before.

The launch

  • 2svjmcBFkZCbXnvdBEXm4FWCDWz5JeMPvqaqBDWzZ8RczE7PQMkysjGj5T9KJ6cSdezvugUWYSmH9ZdJGf77a6gs, 07:48:36 UTC: the dev creates the token and buys nothing. Two tip-only transactions go out in the same slot on the same blockhash (Jito 4mCVqCi1…, Astralane 3zrYvNnC…).

  • The 7 buy within 16 slots: Fleet 1 at +2 slots on the dev's own blockhash, the other 6 on one shared blockhash (HcKqD3YM…) at +5 to +16. Each buy tips 3 or 4 landing services (0slot, Helius Sender, Jito, Astralane) in one transaction.

  • Together the launch buys took 136,315,176 tokens, 13.6% of the 1B supply, for 6.76 SOL. These are only the 7 first buys: Fleet 1 28,936,039.43, Fleet 2 21,833,752.68, Fleet 3 21,357,075.82, Fleet 4 20,473,230.07, Fleet 5 14,225,219.32, Fleet 6 14,597,618.93, Fleet 7 14,892,239.76 (136,315,176.01 tokens in all).

  • Fleet 1 C4j8QpsmFJY4qoSa66pe5D8wqqrPz9LF4t5nxAT1j8ut: first buy +2 slots, SOL spent 1.015, SOL received 3.222, sells 1, its fee wallet HXp2RXeo7g8RniTku78bAjwsNubqLjH9higjGKqxH6ce

  • Fleet 2 5HwvxKU1fMTj4NZvQRwppJxHcD7abt3BP1Ws8r1r3iBp: first buy +5, SOL spent 2.120, SOL received 3.455, sells 2, its fee wallet DAfyLSDzgwnt64FYCRypqWEYJLTdttE3Ev6XRtChx6bb

  • Fleet 3 4kLediMnrn7Wd1RGn5Mcb8kyVkM8aeuVBRLv28J7fdyu: first buy +7, SOL spent 0.945, SOL received 6.507, sells 3, its fee wallet CcWC5eNL3NUrjcSn8J1aNfZqeFJgXiLsiGeAb5ZXMboy

  • Fleet 4 J6b2qDNT61eYjbyxcBqf1v1Yt5vzCfHD3ih2nNUmGTo2: first buy +9, SOL spent 1.614, SOL received 3.345, sells 2, its fee wallet 7GojneEtq9BfKGNkwR5Virai7AiZWpr3SbUx4qLLLBmY

  • Fleet 5 CtMibCHx7KVPe3BmGpaRcecXKM3P1HKWsnqoNuMf7TM5: first buy +12, SOL spent 2.259, SOL received 3.025, sells 4, its fee wallet 2cgJYHaoGBzVMM8fBdwBEUDTinNrPR592vzSG134DEhp

  • Fleet 6 3pVUBwc4NS251DzvCDgnm4nTbSh7pATpEYdh4WCH9NT8: first buy +14, SOL spent 2.629, SOL received 3.380, sells 4, its fee wallet 2x1mT1U4sxjSrYfnGYistBAyw2gMSLALcApW64mRE189

  • Fleet 7 Em6GQD6Mh55D9BAHzeVQbgHQWtw2eqDxBWkCVX4FXYL1: first buy +16, SOL spent 3.692, SOL received 4.662, sells 5, its fee wallet GtyeFmhkaU3RzMqszEDGERWj5SDuNmDy3o1SikR3DxTy

2. The 5% sell fee (proof)

Proxima takes 5% of every sell, but not inside the sell. Right after it, the wallet sends a separate transaction (1 instruction, 3 accounts) of exactly 5% of what the sell paid, to a brand-new wallet that belongs to that wallet and token.

  • Example A (Fleet 1): sell 2F7EF7Gm328P8oLSZEmqmT3LQH7M8o3px8UcBxxvGJ8r3eHnVfC7FJzZvh8Ym2ghs1L9ZZ2EdYu59TgLKwB4SVUZ (07:50:21) received 3.221989 SOL. One slot later, on the same blockhash, 3Jzte9zMEjB28r3KASZcmMeUhqZXAcXYZmsBntsSNvvgpyq179bNzaZzhDbxAeRVf3m2Gur9vkadbS8geHcnFRQM sends 0.161099 SOL (5.0%) to HXp2RXeo…H6ce. It is that wallet's first transaction ever.

  • Example B (Fleet 4): sell 4W5YnKrsc8XQJLNzivCdr2bHkf5jAVX9HYhchE88iYgdnAKBUgL22UCSA9Scn6oL1bpyfHSb6XPU8MfgFps9YC64 received 2.706376 SOL. 9 slots later, same blockhash, 4HZ34bQaE4ygszhLLbLJSVGwrqj5Z7QJguBFtkiCSEwsB73mUsaooHZkV5nEJ5MwsugYfgDWDZQKctQc9DojkooG sends 0.135319 SOL, exactly 5.000000%, to 7GojneEt…MbY, again its first transaction.

  • All of them: 21 sells, 21 separate fee transfers, 7 fresh fee wallets, 1.38 SOL to Proxima in all.

Two more Proxima marks on the same trades: 32 "receipt" round trips (exactly 895,880 lamports sent to a fresh address, 890,880 sent back seconds later), and each sell sent as several copies on one blockhash, one per landing service (164 failed copies).

3. The 5% creator-fee cut (proof, when the dev claims)

When a Proxima dev claims its pump.fun creator rewards, 5% of the claim goes out in the same transaction to that token's fee wallet.

  • This dev never claimed. $IshiGo's creator fee went to its holders instead.

  • Example from another Proxima dev (7NCWyJPkjyjPFfyk6KgL2Fb6RV5cvMR5ZqjZrE6jXv9o, token hg26JMK8s5EzcJYzutkd9oAH37Ww6ds4ePxpH1tpump): claim JXapw3HbdiNtjqS7Hbx6E8TnqQwQSgturiKeLWWKbp2MtMmHaoLxT1jJbh1UGSr12rNgMYFfJKNhHejaMYnEvHy collected 0.236210 SOL and sent 0.011810 SOL (5.0%) to CvRJJBMKFifTxfpc645dX2XvZT2UHuXPSNPzvZrksT2B, the same fee wallet as that token's sell fees.

The exit

  • 2026-09-30 17:50:41 UTC, slot 452036823, one blockhash: the dev and all 7 cash out through stake accounts created and emptied in one transaction each, into one wallet, 4uNETTh7EsHaHRwTgUZxxw6mdr1H6TwRwrKAcEAar6Q6: 18.25 SOL in all (the dev's leg: 5RSV2NV619Zb46eJKEradosyQSVia7RAsHStVYypczEtCxgWReENyU4TZUXZEtmBXhzaccFXdhXzEGh8ayiumetE). The total includes the wallets' other trading that day.

  • 2 seconds later 4uNE… sends 18.245 SOL on to 5fM9cY5GMo8QtTmxuvNx7bWFUoNhdQ1H5w8bMdXGVtaH (Lk8NJ7w7hfFAmyB38WXSF1vrFDmn4pZeALpCJQNHrCbrREf8KJzwUcn3M8HxXZ6Kr36GuxkspJmpXEfXPfA1CCr). That is the wallet that first funded FDCP… (0.6 SOL on 2026-06-24, JW6Q4wEBCqbGEBkEMaKCVExmJYBYjyeuHDXfUZAAFC6Em4k5wnCzJRspCJYhfvgxkG5g29TtfTNeLoEvSJXLjkg). The money went out from it and came back to it.

Result

  • Fleet spent buying: 14.274

  • Fleet received selling: 27.595

  • Paid to Proxima (sell fees): 1.380

  • Fleet net, after fees: +12.08

  • 451 other wallets that ended in loss: −126.9 in total

  • 377 other wallets that ended in profit: +86.4 in total

How the fleet's net adds up, to the lamport (SOL, the 7 wallets on $IshiGo):

  • Received selling (what each sell left in the wallet: tips, receipt and network fee paid, token-account rent returned): +27.595231277

  • Spent buying (tips, pump.fun fees and rent included): −14.274078521

  • Proxima's 5% sell fees (21 transfers): −1.380401234

  • Network fees of those 21 fee transfers: −0.000105000

  • Failed copies of trades (network fees): −0.015688834

  • Receipt refunds (32 × 0.000890880, sent back in separate transactions): +0.028508160

  • Holder rewards paid to Fleet 3 by pump.fun's holder distribution (8 payments): +0.130001953

  • Net: +12.083467801, the same as the sum of every balance change of the 7 wallets over their $IshiGo trading.

Loss method: 3,631 of the token's 3,642 transactions read; each wallet's SOL paid and received in its $IshiGo trades, fees, tips and holder rewards included; open positions at the last price. The losers include bots.

Where Proxima's fees went (lead, next investigation)

On 2026-10-01 10:04:12–15 UTC all 7 fee wallets were emptied into one wallet, 8vFkzUaT3CK9EDDTWmx3PcMUAhwWb5UipPjio4AkgnbM, within 3 seconds. 80 seconds later it split 1.380361 SOL exactly 85% / 15% (4MPPVD92nZmXnm2KJjj6pHFGfvo7dV8HkqrEkpmrvXeHso7RKa9GzZQxNrZbKY1E3Fk4wZsenGrdTuaf6wPs7Ue7): 1.173307 SOL to FZYosWhD7PmVBYn3Z8uG58gcrZNHgJhWQStWtvbuqbw3, 0.207054 SOL to Cqd3qGmZoBRFKJ7o1vwawo1UqKER5KPG82imfwj7Diuk. Cqd3… holds 1,272 SOL and takes 15% splits from many similar wallets. Who controls these wallets is not established.

Not established

  • Who controls 5fM9cY…, 8vFk…, FZYo… and Cqd3…. No person is named here.

  • 4 of the 7 fleet funding trees were walked from the root side only.

  • 11 of the token's 3,642 transactions could not be read for the loss figures.