Bubblemaps tied six memecoins to Solstice. Our data shows 542 wallets moving as one
Six memecoins, one well-known trader and a viral thread. We followed the money through our own Solana data, from the first second of each launch to the exchange accounts where it ended up.
- 542 wallets
- 51.8%
- 80 of 160
- $692K
- −$58,999
- $381K
01 · What Bubblemaps foundBubblemaps' Solstice thread, checked against our data
When a trader you follow posts a new coin, you might buy it. Many people do. What you rarely see is who bought before you, and who is ready to sell to you.
On 26 October, the on-chain analytics site Bubblemaps posted a thread about one of those traders, @The__Solstice. Solstice has a large following on X and ranks third on the all-time leaderboard of FOMO, a social trading app, according to Bubblemaps. The thread said several small coins Solstice had promoted were bundled. Bundling means one group buys a big share of a new coin the moment it launches, spread across dozens of fresh wallets so it looks like a crowd. Bubblemaps also said Solstice's public wallet had links to the wallets that created the coins.
Bitquery records every transfer on Solana, so we checked the thread with our own Solana data. The thread holds up. One cluster of wallets, the term on-chain analysts use for wallets run by one owner, created and bought five of the six memecoins in the story, and the sixth was launched the same way. Within days or weeks, each group of those wallets pulled its money out together, through a route that hides it from simple tracing.
Solstice's own public wallet lost $58,999 on the four coins Bubblemaps named. Yet money from the cluster reached an exchange account that is also paid by a wallet that has swapped $381K with Solstice's account. One detail in the thread was wrong: none of the coins came from pump.fun.
02 · What bundling isWhat memecoin bundling is, and why it matters to buyers
Most new memecoins start life on a launchpad, a site where anyone can create a coin in a minute. The best known is pump.fun. These six launched on Raydium, a big Solana DEX, most of them on its launchpad, LaunchLab. On a launchpad the price starts low and rises with every buy, so the first buyers pay the least.
The wallet that creates a coin is called the dev wallet. A bundle is the dev, or the dev's friends, buying a large slice of the supply in the first seconds or minutes. To hide it, the slice is split across many new wallets, each holding about 1% or less. A holder list then shows a healthy spread of owners when one group holds a big share. People call that bundled supply.
Bundling is common. We found bundles in a fifth of pump.fun coins in an earlier investigation. The trouble comes when a well-known trader, a KOL in crypto slang, posts the coin. New buyers rush in, the price climbs, and the bundle can sell into them.
03 · Six coinsSix memecoins in 23 days
The six coins are HEV, QUEEF, BOP, STONKINU, LLAMA and PERCY. Bubblemaps named the first four as coins Solstice promoted, and drew LLAMA and PERCY into the same wallet map. They launched over 23 days, from 11 September to 4 October.
Each coin launched paired with an existing coin instead of SOL. STONKINU traded against STONK, a coin Solstice's wallet also traded. BOP traded against Bonk, QUEEF against Fartcoin, and HEV against LIT. LaunchLab allows this, and it means buyers needed the paired coin, or a trading app that swaps into it for them.
| Coin | Date | Where, paired with | Dev wallet |
|---|---|---|---|
| HEV | 11 Sep | Raydium pool, LIT | Pool launch, no opening buy |
| QUEEF | 20 Sep | LaunchLab, Fartcoin | No opening buy |
| BOP | 22 Sep | LaunchLab, Bonk | Bought 51.8%, sold in 26 min |
| STONKINU | 24 Sep | LaunchLab, STONK | Bought 51.8%, sold in 27 min |
| LLAMA | 2 Oct | LaunchLab, SUI | Bought 51.8%, sold in 20 min |
| PERCY | 4 Oct | LaunchLab, SPCXx | Bought 51.8%, sold in 22 min |
04 · Launch dayFunded and launched the same way
A dev wallet needs SOL to create a coin and make its first buy. All six dev wallets got it the same way. Each received exactly 10 payments of the same size, from 10 different wallets, within 3 seconds of each other. This happened between 39 seconds and 4 minutes before the coin went live. The STONKINU and LLAMA devs even got almost the same amount, 3.2537 SOL per payment.
One more wallet shows up on the same schedule. FLZLbH…PJpG, the wallet at the center of Bubblemaps' chart, sent SOL out 1 to 4 minutes before every launch. For five of the six launches, its last payment came within 28 seconds of the dev's own funding. It has sent SOL on only 14 days in our records, and 6 of them were launch days. Most of its SOL came from KuCoin, an exchange.
The timing is close. The path is not proven. We followed its payments three steps and did not reach a dev wallet. Bubblemaps puts the dev wallets nine steps away.
Then the coins went live, and the four LaunchLab devs that bought at launch followed one recipe. Each bought exactly the same number of tokens in the transaction that created the coin, 51.8% of the supply, and each sold within half an hour. Together they paid $13K and got back $162K.
Four devs buying the same number of tokens, to the token, points to the same tool, or the same hands.
05 · The bundle wallets537 wallets, each holding a small slice
The bundle wallets are easiest to find at the end of their life, when each group paid out together into one collection wallet. There are 537 of them, in seven groups of 43 to 161, and each group belongs to one coin.
Each wallet bought a little. The median buy in each group was 0.5% to 1.1% of the coin's supply, the size Bubblemaps described. A holder list would show them as dozens or hundreds of small, separate owners.
They were also early. Every one of them first bought within 33 minutes of its coin's launch. On HEV, 80 of the 160 wallets bought in the first minute.
06 · The cash-outHow the bundle wallets cashed out
Between 28 September and 7 October, each group emptied into its collection wallet, all at once. Analysts call this a sweep. PERCY's group did it the same day the coin launched; HEV's waited 17 days. Every wallet in a group paid out within the same few seconds. That alone shows one owner: dozens of strangers do not move their money in the same second.
The route is unusual. Each wallet moved its SOL through a stake account, Solana's built-in way to stake SOL, straight into the collection wallet. The SOL arrives as stake money, not as a plain transfer from the bundle wallet. Tools that only follow plain transfers lose the trail there.
The dev wallets were inside the same sweeps. The BOP dev paid out with two BOP groups. The PERCY, LLAMA and QUEEF devs each paid out with their coin's group, and the wallet that paid for HEV's launch did the same with HEV's. The devs and the bundle wallets are one cluster. STONKINU's dev joined no sweep we found. It did launch with the same recipe, and it was funded with almost the same amount as LLAMA's.
In all, 5,814 SOL left the cluster's wallets this way, about $692K at the time. That includes the SOL they started with, so it is not profit. Counting only their trades in these coins, the devs and bundle wallets made about $252K. Bubblemaps put the connected wallets' gain at $270K.
07 · Solstice's walletSolstice's public wallet lost money on the coins
The wallet Bubblemaps names as Solstice's, 4ugDhH…ocwo, is an account on the FOMO app. FOMO signed every one of its trades in these coins. We rebuilt its trades in these coins from the raw transfers, because the app routes each buy through several swaps.
On the four coins Bubblemaps named, the wallet lost $58,999. Counting PERCY, LLAMA and THICC, a coin it bought through HEV, it lost $69,480, close to the $70K Bubblemaps reported.
The timing explains the loss. The bundle wallets bought within minutes of each launch. Solstice's wallet first bought the four named coins 1.6 hours to 4 days after launch. On HEV it waited 21 hours, then bought $18K in a single day, and held until 7 October, when it sold for a fraction of the cost. It still holds 12.5 million STONKINU, worth about $4.2K now.
On its own, that looks like a trader who bought late and lost, the way nine in ten FOMO traders do. Bubblemaps' case is that other wallets tied to Solstice made the money.
08 · Where the money metWhere the cluster's money met Solstice's
Exchanges give each customer their own deposit address. If two wallets pay the same deposit address, they are paying into the same exchange account. It is one of the strongest links a ledger offers, short of a direct transfer. Our address labels mark which wallets belong to exchanges.
Start with Solstice's side. Solstice's FOMO account has swapped $381K in USDC with one wallet, 7kHoDV…7nAF, since May. It sent 216,313 USDC and got 164,653 USDC back. On one day, 7kHoDV… passed 2,033 USDC from Solstice on to Coinbase in under two minutes.
A second wallet, 6RFCsR…WmQi, got 3,706 USDC from Solstice. It paid the same Coinbase deposit address as 7kHoDV…, and the same deposit address at Bitunix, another exchange. So one owner controls both wallets.
Now the cluster's side. Three paths lead from its money to accounts this pair also paid.
The first path is a direct one. The two BOP groups that included the BOP dev sent their SOL to qTssM4…nJ5. That wallet paid 577.2 SOL into a Binance deposit address. 7kHoDV… had paid 3,000 USDT into the same address. But about 50 wallets have sent that address $100 or more, so this one link does not prove a single owner.
The second path runs through 56ofx5…dFBg. Its SOL and USDT came from KuCoin, in withdrawals that began minutes after two of the groups cashed out. That part is timing only. It then paid 153,607 USDT into the Bitunix deposit address that 7kHoDV… and 6RFCsR… share.
The third path is a matter of minutes. On 1 October the QUEEF group swept its SOL out and sent it to Binance. While that SOL was arriving, KuCoin and Binance paid 6RFCsR… $245K in USDT, and it moved the money on to the shared Bitunix address.
Exchanges break the trail, so this third path is timing only. The KuCoin payment even started before the QUEEF SOL reached Binance. The first path is a direct link and the other two rest on timing. Together they tie the cluster's cash-out to exchange accounts used by a wallet that trades large sums with Solstice.
09 · What it showsWhat the record shows, and what it does not
| Claim | What the record shows | Strength |
|---|---|---|
| One cluster ran five coins | 5 dev wallets and 537 bundle wallets emptied into 7 collection wallets, each group in seconds | Strong |
| Devs funded the same way | 10 equal payments to each dev wallet, within seconds, before every launch | Strong |
| Solstice's wallet lost money | −$58,999 on the four named coins | Strong |
| 7kHoDV… and 6RFCsR… | Same Coinbase and Bitunix deposit addresses, so one owner | Strong |
| Solstice and 7kHoDV… | $380,966 in USDC both ways since May | Fact |
| Cluster money, same accounts | qTssM4… paid the Binance address 7kHoDV… paid; 56ofx5… paid the pair's Bitunix address | Moderate |
| QUEEF money to 6RFCsR… | $245K from exchanges minutes after the QUEEF sweep | Timing only |
| FLZLbH… funded the devs | Sends SOL minutes before every launch; no direct path found | Timing only |
| Solstice planned it | Not something a ledger can show | Not shown |
The record shows wallets, amounts and times. It leaves open who owns 7kHoDV…: Solstice, or someone who shares exchange accounts with the cluster and trades large sums with Solstice. Either way, the record cannot say who planned the launches. We did not contact Solstice. Asked by Bubblemaps, Solstice said of the teams: "People I know from a while ago yeah."
10 · Bubblemaps' claimsChecking Bubblemaps' thread, claim by claim
Bubblemaps first reported this story in its thread on X, with wallet maps for STONKINU, BOP, HEV, QUEEF. Here is how each claim compares with our data.
| Bubblemaps said | Our data | Verdict |
|---|---|---|
| Solstice is a top FOMO trader | The wallet Bubblemaps names is a FOMO account; rank not checked | Partly checked |
| Pump.fun memes | Five launched on Raydium LaunchLab and HEV on a Raydium pool; none on pump.fun | Wrong launchpad |
| Dozens of fresh wallets, 0.5–1% each | Groups of 43 to 161; median buy 0.5% to 1.1%; all within 33 minutes; wallet age not tested | Confirmed |
| FLZLbH… 2 hops from dev funders | Sends SOL minutes before every launch; no path found within 3 steps | Timing only |
| Devs funded the same way | 10 equal payments to each dev wallet before launch | Pattern confirmed |
| Clusters sold into charts | Devs sold 51.8% within 27 minutes; groups swept 5,814 SOL | Confirmed |
| Public wallet down $70K | −$58,999 on four coins, −$69,480 with three more | Close |
| Connected wallets up $270K | Devs and bundle wallets made about $252K trading | Close |
| Solstice knows the teams | Not on-chain | Not checkable |
11 · What it meansWhat this means for people who buy calls
The opening question was who buys before you, and who is ready to sell to you. In these coins it was one cluster. Its wallets were first in line, and its devs sold within half an hour. A KOL's public wallet can lose money on a coin while wallets around the same coin win, so a public wallet in the red does not prove the call was clean.
Before buying a call, look at who bought in the first minutes and how the holders were funded. Many small wallets that were all funded the same way, or that all bought at once, are the usual sign of a bundle. You can pull a coin's trades with our Solana DEX data, or build a bubble map yourself. Bundle checkers do the same job in a few seconds.
12 · How we checkedHow we checked the Bubblemaps thread
We read every transfer in and out of the wallets in Bubblemaps' chart, and every trade in these memecoins, with Bitquery's Solana data. We matched each bundle wallet to its coin by the trades it made, and grouped them by the collection wallet each one paid. We rebuilt Solstice's wallet from its own transfers. Dollar values use prices from the hour of each move. A separate check then re-derived every claim from fresh queries. It confirmed the main findings and corrected two totals before publication. The full Solana history is also sold as files.
Bitquery does this kind of work for clients through its crypto investigation services. We traced a similar group on another chain in the Robinhood chain rug-pull crew, and covered how launchpads compete in a year of Solana launchpads.
Transfers were read to 06:00 UTC on 27 October. Trades in the six coins were read from launch to 7 October, when the bundle groups had already cashed out.
Dollar values use prices from the hour of each move. Swept SOL includes the money those wallets started with, so it is not profit. The trading estimate for the cluster counts only trades in the six coins.
We group bundle wallets by the collection wallet each one paid through a stake account. The STONKINU wallets Bubblemaps grouped traded a different coin, so STONKINU has no bundle group here.
Exchange wallets are identified by our labels and by behaviour. The Bitunix deposit address is not labelled; it forwards everything it receives to Bitunix's hot wallet.
Links through an exchange are based on timing and size. The record does not show who owns any wallet in this story, including the one that swaps USDC with Solstice's account.
Bitquery did not contact Solstice. Solstice's reply quoted here is as Bubblemaps reported it.
13 · The addressesWhere to look
These are the main wallets in this story. Each links to the explorer, and any of them can be followed with the Bitquery MCP.
Follow the bundle money in plain English
Every transfer and trade in this story comes from Bitquery's Solana data. The Bitquery MCP server puts that data behind an AI assistant, so you can ask who bought a coin first, where a wallet's money went, or which labels an address carries, without writing a query. The full history is also sold as files on the Bitquery Data Store, as the Solana dataset.
This article is provided for informational and educational purposes only and reflects analysis of publicly available on-chain data as of the dates indicated. It does not constitute legal, financial, compliance, or investment advice, and nothing in it is a recommendation to buy, sell or hold any token or asset, or to follow or avoid any trader, app, launchpad, exchange or service.
The findings describe transactions and balances observed on Solana between May and 27 October 2026. Attributions come from Bitquery's address labels and from on-chain behaviour; they may be incomplete or incorrect and may be revised as more data becomes available.
References to Solstice, Bubblemaps, FOMO, Raydium, Binance, KuCoin, Bitunix, Coinbase or any other named person, project, company or service describe what the public record shows about addresses and transactions linked to them, and what those parties have said in public. They are not statements about any party's intent or conduct, and nothing here asserts that any named party acted unlawfully, coordinated with any other party, or knew of any activity described. Wallets are described by their behaviour.
Nothing herein should be relied upon as a definitive determination of fact. Readers should conduct their own independent verification before taking any action. The authors and publisher accept no liability for any loss or damage arising from reliance on this material. All trademarks and company names are the property of their respective owners.
Reported by Gaurav Agarwal for Bitquery Research, with AI tools; every figure was checked against the raw data and re-derived independently.
FAQ
What is memecoin bundling?
Memecoin bundling is when one group buys a large share of a new coin at launch and splits it across many fresh wallets. Each wallet holds about 1% or less, so the coin looks widely held. The group can then sell into buyers who arrive later.
Did Solstice bundle these coins?
Who planned them is not on the record. The record shows one cluster of 542 wallets that created and bought five of the six coins, and money from that cluster reaching exchange accounts also paid by a wallet that has swapped $381K with Solstice's FOMO account. Asked by Bubblemaps, Solstice said the teams were people known from a while ago.
Which coins were bundled?
Our data finds bundle groups in HEV, QUEEF and BOP, three of the coins Bubblemaps named, and in LLAMA and PERCY from the same wallet map. STONKINU, the fourth coin Bubblemaps named, launched with the same recipe, but its bundle wallets did not show up in the sweeps we traced. All six launched on Raydium between 11 September and 4 October.
How much did Solstice's public wallet lose?
It lost $58,999 on HEV, QUEEF, STONKINU and BOP, and $69,480 when PERCY, LLAMA and THICC are added. It first bought each named coin hours to days after launch.
How did the bundle wallets cash out?
Each wallet moved its SOL through a stake account straight into a collection wallet, with every wallet in a group paying out in the same few seconds. In all, 5,814 SOL left the cluster's wallets this way.
How can you check a coin for bundles?
Look at the earliest buyers. If many of them are new, hold similar small amounts, and were funded the same way, the supply is likely bundled. Bundle checkers and bubble maps show this in seconds.