CoinMeta data: An on-chain analyst linked 53 sales of memecoin on the chain with one withdrawal of allegedly for at least $18.4 million. This operation took place from July 10 to September 21 and was mainly concentrated on the Pons V2 token sale platform. The analyst associated these sales through wallet funding patterns, shared addresses, and multiple private keys used in the sales. Pons V2 typically imposes a 99% anti-sniping tax on transactions that purchase tokens immediately after they are sold, but creators can exempt selected addresses. On-chain records show that starting at the end of August, creators of nine sales exempted about 15 to 25 wallets from this tax. Most of the token supply was purchased in bulk transactions within seconds, and the creators and exempted wallets ultimately controlled 82% to 86% of the supply from these sales. The largest sale was for Crumbs amounting to $3.12 million, followed by Legs at $2.9 million and Pink at $1.44 million.