# Analyst 2 iterate run 35 (10 Oct 2026) — scripts it35/, ledger #159-168

Focus: unwatched pool types (native/WETH nohook, USDG, unknown) first, then the v3 pools where the real runners are. New lenses: LP range geometry, fee-ladder/sibling-pool structure, cross-venue listing as a signal, cross-pool arbitrage, runner-miss accounting.

1. LP range ceiling (#159): tight first-Mint range exists in only 33 of 2,605 WETH nohook pools; ceil < $1M: 0 of 14 reach $1M. DISCARD (info: tight range = cap trap).
2. LP shape -> pull (#160): native nohook full-range + fee 10000: 410 of 410 pulled; full-range other 91%; concentrated fee 2500: 12% pulled (69 pools), but their caps are small (median peak $180k). N300 sim on unpulled: n=42, 1.2x. DISCARD as entry; avoid-flag for any native watcher.
3. Quiet last minute before the +5 min gate (#161): 0.93x hit5 0% (n=50) vs 1.47x, both halves = the existing dust guard (live buys all had >=33 swaps in the last minute). DISCARD (duplicate).
4. v3 fee100 cap x gate-time matrix (#162, 2,891 pools): 50-100k@5m 1.80 (= P204), 1-2M@30-60m 1.9-2.25 (= V3-1M-RIDE). No new cell. DISCARD.
5. Fee-ladder spam (#163): 22,205 of 99,945 nohook v4 pools belong to 842 tokens with >=10 sibling pools (max 107). Pool-level runner maps overcount. INFO.
6. Sibling v4 pool after the gate as confirmation (#164): median 52 min late, entry at sibling birth 1.50x (halves 1.86/1.16). Any-sibling-ever 2.10 vs 0.76 is hindsight. DISCARD.
7. Cross-pool arbitrage between sibling stable v4 pools (#165): net gap >5% in 2.7% of 326k observations, median leg $2, 0.8% above $1k. DISCARD.
8. Real-runner recount (#166, e1x-v2: >=10 own buyers, wash<0.5, best pool): 272 real 1M+; v3 fee100 WETH 181 (67%, ~9/day steady), USDG nohook 50 (0-1/day since 3 Oct, dying), everything else <=10 per type. The "unwatched types hold the runners" picture is mostly phantom pools. Of 154 real v3 runners in v3hist: 82 in the mc5 band at +5 min, 30 at 100-300k (median 17 min to 300k), 21 below 100k, 21 already above $1M (peak median $5.5M, V3-1M-RIDE lane).
9. First 300k/200k/500k touch entry for the 51 below-band v3 runners (#167): 0.77-1.20x after 3% slip + 1% fee. DISCARD.
10. REQUEST ppdata #562 (#168): ERC-20 Transfer table to +5 min for 350 v3 band/runner pools, holder concentration features; pass tercile spread >=0.4x both halves.

No arm to testmgr. The only open leads: #562 (holders, v3), plus the older #523 LP owner, walletage and #553 native holders (the native one is now low value: native runners are pulled).