---
name: slippy-club
description: Deep dive on SLIPPY (slippy.club), the ETH-quoted snake memecoin on Robinhood Chain, 16 Sep 2026. The verified 61-day untouched LP, the full reconciled holder ledger, and the finding that the accumulation Ben suspected already happened and is over. Read before any SLIPPY question or any "is someone accumulating this" screen.
sources: [cowork]
aliases: [SLIPPY, Slippy, slippyclub, slippy.club, snake coin]
---

# SLIPPY, screened 16 Sep 2026 ~02:30 Bangkok

- [stated] Ben pasted the pair and said: "244k locked liquidity at 2.2 million market cap only, barely pulled back from the high while everything else pulled back 60-80%, down 30%, holding in this range for 2 or 3 weeks. Looks like either a very strong community or someone is accumulating this thing in order to pump it later. Do a deep dive into holders and liquidity."

## Identity
- Token **0xF0568863195770965a6D8abb0aa87F4314b80320**, deepest pool **0x4e2d19ece3b24abc30ec935a3a5fadd69cc6b976983548a5e53d514b475850a4** (Uniswap v4, **ETH-quoted, NOT a stock pair**). 8 pairs, aggLiq $248,386, aggVol24 $88,983, **turnover 0.358x**.
- Created **16 Jul 2026 12:05 UTC, 61.3 days old**. Site slippy.club (real, themed "twelve personalities, one snake, zero arms"), X **@Slippyclub 9,227 followers, 101 posts, follows 3 accounts, blue verified, created the same day as the token**. Telegram t.me/SlippyClub.
- **NOT a Doppler/LONG clone.** Custom **2,490-byte contract, no `owner()` at all**, and no mint, pause, blacklist, setFee or setMaxWallet selector. Supply exactly 1,000,000,000, 1,006 burned to dEaD (nil).
- mcap at screen **$2,225,544**, price $0.002225.

## LIQUIDITY: the strongest fact in the screen
- **62 ModifyLiquidity events on the pool, ALL from the canonical Uniswap v4 PositionManager 0x58daec3116aae6d93017baaea7749052e8a04fa7, and the net is exactly the original mint.** One mint at block 11,243,082 of 54,380,276,578,964,220,346,702 liquidity, then **61 events with liquidityDelta = 0**, which are fee collections. **Nothing has ever been withdrawn in 61 days.** Tick range -887200 to 196400, i.e. full range downward.
- **There is only ONE LP. No second provider has ever added.** So the whole $244,323 sits behind a single position.
- Position **NFT #138123 was minted straight to 0x06dc47616a668a915e04a21ee0947283842ff338 (6,928-byte contract) and has NEVER been transferred** (one Transfer event in its life, the mint).
- Locker selector scan: **absent** = transferFrom, safeTransferFrom, burn, decreaseLiquidity, withdraw(), release, unlock, sweep, emergencyWithdraw, setOwner, transferOwnership, and **there is no unlockTime/expiry/lockEnd field at all**. **Present** = `withdraw(address)` 0x51cff8d9, `modifyLiquidities(bytes,uint256)` 0xdd46508f, `collectFees()` 0xc8796572, `positionManager()` 0x791b98bc.
- Locker state reads: 0x02d05d3f -> **0xaf672fa89810b540fe2484d41d9b9090f3f383d2 (the operator)**, 0x10d737b8 -> the SLIPPY token, 0xceefe5d1 -> **138123 (the tokenId)**, 0xdc4c90d3 -> PoolManager, 0x8ce74426 -> **0xf05b6a883e8d8d54b28da0c5e74874604f57edad** (EOA, nonce 22, 1.12 ETH), 0x37ed3f1e -> 3333 and 0xe1a45218 -> 10000, so a **33.33% fee split**.
- `eth_call` simulation: **`withdraw(address)` reverts for the operator AND for a random caller.** `collectFees()` **succeeds for anyone** (permissionless, fees go to fixed recipients). `modifyLiquidities` reverts for everyone on an empty payload, which is a DECODE revert and therefore proves nothing about access control.
- ⚠ **HONEST LIMIT: "locked" is PROVEN as 61 days with zero withdrawals and no NFT exit path, NOT as mathematically impossible.** `modifyLiquidities(bytes,uint256)` is a raw v4 passthrough that can decrease a position, and I could not prove it is permanently gated. That is the one door. Do not tell Ben it is immutable.
- Operator **0xaf672fa89810b540fe2484d41d9b9090f3f383d2**, EOA, nonce 80, holds **23,610,000 SLIPPY = 2.361%** and 4.489 ETH. It paid for the mint and calls collectFees.

## HOLDERS: the ledger reconciles exactly, so it is trustworthy
- Method: `eth_getLogs` Transfer over blocks 11,043,082 to head in **133 chunks of 400,000 with 6 retries, ZERO failed chunks, 99,152 legs**. **Reconciliation: positive balances sum to exactly 1,000,000,000 and the zero address is exactly -1,000,000,000.** Then every top-31 balance re-read with `balanceOf`: **0 mismatches.**
- **3,120 wallets with a positive balance.**
- **No whale.** PoolManager 5.757% (inventory, not a holder). Largest real holder is the operator at **2.361%**, then 2.148%, 2.049%, 1.864%, 1.629%, 1.608%, 1.500%. **Top 10 ex-pool 17.01%, top 20 27.85%, top 30 35.50%.**
- **HOLDER COUNT IS THE BEST NUMBER IN THE SCREEN: 846 (56d ago) -> 975 (28d) -> 1,267 (21d) -> 1,698 (14d) -> 2,159 (7d) -> 2,607 (3d) -> 3,120 now. Roughly +450 to +510 a week and still accelerating.**
- **Top-20 concentration FELL from 42.39% to 27.85% over the same window.** Supply is spreading out, which argues against a single accumulator.
- Distinct wallets buying straight from the pool, per week: 346 (this week), 406, 406, 288, 168, 157, 243, 917, 886. Steady around 350-400 after the launch spike.

## ⚠⚠ THE TWO TRAPS THIS SCREEN HIT, both nearly produced a wrong answer
1. **"0xb92fe925dc43a0ecde6c8b1a2709c170ec4fff4f fed 11 of the top 30" looks like one entity splitting bags. It is a ROUTER.** 27,512 legs, net exactly 0, balance 0, 4,720-byte contract. Same for **0x39b38686a19836ac10162c490e4558e120cbbe5f** (14,083 legs), **0x6aa80dbbed9ae5ab45fbf61f9644fada3b29326e** (2,200), **0xbdbae060cbab0e9cfe802a7513dd5ecb36cda6c3** (2,465). **ALWAYS classify a shared sender with legs + net + balance before calling it a cluster.**
2. **"9 new wallets entered the top 30 in 21 days" is mostly WALLET ROTATION, not new buying.** 6 of the 9 received their whole bag from a single old wallet that then went to zero (0xc5a2e978... -> 0x2d767534..., 0x5cc56a92... -> 0x38d65252..., 0x6574df3d... -> 0x35aa7d4d..., 0xa9ec84a7... -> 0xb42708cd..., 0x2bf3a99f... -> 0xbc9b45b7..., 0x1ddd1b89... -> 0x58a2f8d4...). A naive top-30 delta read **+66,764,038 tokens of "accumulation" that was largely people moving wallets.**
- **THE FIX, and it is the general method: measure net buying as POOL INVENTORY CHANGE, not as top-holder deltas.** The pool is the only place tokens enter or leave circulation for buyers, and it is immune to wallet-to-wallet noise.

## THE ANSWER TO BEN'S THESIS: the accumulation was real and it is OVER
Pool inventory (SLIPPY held by the PoolManager) over time:
| days ago | in pool | read |
|---|---|---|
| 56 | 49,382,025 | |
| 42 | 105,430,519 | people selling in |
| 28 | 143,478,203 | peak supply in the pool |
| 21 | 97,175,658 | **heavy buying starts** |
| 14 | 58,203,498 | |
| 10 | **47,988,618** | **95,489,585 tokens bought out in 18 days** |
| 7 | 56,061,653 | refilling |
| 3 | 57,246,894 | |
| 0 | 57,570,813 | flat to slightly selling |
- **Net bought out of the pool: +39,604,845 tokens (3.96% of supply) over 21 days, but -1,509,160 (slightly NET SELLING) over the last 7 days.**
- **That buying already paid: price went from $664,879 mcap on 23 Aug to a $3,634,937 ATH on 5 Sep, a 5.5x.** The chart Ben is looking at is the digestion after the move, not a coiled spring before one.

## CORRECTIONS TO BEN'S PREMISES, all measured
- "**down 30% from the high**" -> **-38.9%.** ATH daily high $0.00363494 on **5 Sep 2026** = $3,634,937 mcap; now $2,219,167.
- "**holding in this range for 2 or 3 weeks**" -> the 21-day range is $747,382 to $2,788,145, a 273% spread. **The actual tight range is the last 10 days, roughly $2.02M to $2.49M.**
- "**244k locked liquidity**" -> the $244,323 figure is right and the never-withdrawn record is right, but **"locked" is a behaviour observed for 61 days, not a proved contract guarantee.**
- **Volume is dying: $480,970 on 1 Sep, $195,661 on 13 Sep, $51,308 on 15 Sep. Turnover 0.358x is far below even the Tier B median of 19.3x in [[base-rates]].**

## X
- @Slippyclub 9,227 followers on 101 posts. Live organic chatter from real mid-size accounts (@FlokiBull_ 110,203 followers engaging 15 Sep, @LiViXi3 5,432, @crazydevvy 2,515, @CommanderJiro 2,509, @DarkoDarko13 "still my biggest bag"). A cross-promo with @cykablyatvip offering $CB allocation to SLIPPY holders.
- **Zero tier-one coverage.** All 10 accounts checked (including Natan and longdotxyz) with the text filter applied.

## VERDICT 16 Sep 2026: BUY, small. But NOT for the reason Ben gave.
- The accumulation thesis is **half right and out of date**: real buying happened 25 Aug to 6 Sep and produced a 5.5x. It has stopped.
- The reason to own it now is the **structure**: LP untouched 61 days with no NFT exit path, no whale (biggest real holder 2.36%), ownerless contract with no dangerous selectors, and **holders still climbing +513 in the last 3 days while the top 20 keep shrinking as a share.** New buyers arriving after the pump while big holders trim is broad distribution, which is what precedes a second leg.
- Against it: volume down ~90% from the 1 Sep peak, pool refilling for 7 days, zero tier-one, and a single LP that is not provably immutable.

## SECOND PASS, same session — Ben: "it's very unusual to see a small meme not dump way more"
**HE IS RIGHT, AND IT IS NOT CLOSE. This was tested against the sector, not taken on faith.**
- Method: 77-coin Robinhood Chain cohort from stonksonchain (liq >= $40k, vol24 >= $15k, fdv >= $300k), 45 days of GeckoTerminal DAILY candles each, 55 returned usable series. Defined a "real pump" as **>= 2.5x into the ATH measured against the lowest close in the 14 days before it**, and required **>= 4 days since ATH** so there was time to give it back. Scripts /tmp/shape.py, /tmp/cost.py.
- **34 coins qualify. MEDIAN DRAWDOWN FROM ATH: -85.5%. 30 of 34 are down more than 50%, 28 of 34 down more than 60%. SLIPPY is -39.8%, RANK 2 OF 34, top 6%.** Only HOTDOG is shallower and its ATH is 29 days old on a $767k cap.
- **Controlled for time (ATH at least 10 days ago, same as SLIPPY): n=23, median -87.8%, 21 of 23 down more than 50%, 18 of 23 down more than 70%. SLIPPY still rank 2 of 23.** The comparison survives the control.

### TWO OBVIOUS EXPLANATIONS TESTED AND BOTH FAILED
1. **"Its pool is unusually deep relative to cap." FALSE.** SLIPPY liq/mcap **11.2%, BELOW the cohort median of 12.9%, rank 49 of 77.** Depth does not explain it.
2. **"Its pump was small so there is less to give back." FALSE.** Correlation between log(pump size) and drawdown is **-0.20, essentially nothing.** Median drawdown by band: under 10x **-81.2%**, 10x-50x **-86.3%**, 50x+ **-80.1%**. Inside the under-10x group SLIPPY is still rank 2 of 10 against a -81.2% median.
- What IS different: **turnover 0.36x vs a 1.14x cohort median, rank 16 of 77 quietest.** Nobody is trading it, and specifically nobody is selling it. Pool inventory moved **+0.15% of supply in 7 days**. In the coins that fell 85% the pool filled up with sold tokens.

### ⚠ THE COST-BASIS FINDING, and it cuts BOTH ways. This is the most important number in the file.
FIFO cost basis of the live float, every inbound leg priced at the daily close of its block. 942,429,021 tokens covered = 94.2% of supply.
- Weighted average cost **$0.00127576** against spot **$0.00221917**, so **the average token in a wallet is up 73.9%**.
- **78.5% of the float is IN PROFIT. Only 21.5% is underwater, and none of it by more than 50%.**
- Distribution: up 2x-9x **29.7%**, up 50-200% **28.2%**, up 0-50% **23.5%**, slightly under water 16.6%, 20-50% under 0.6%, up 10x+ 1.4%.
- Top holders' average cost: operator **+819%**, 0x27ede48019c3b92f9698e2f2fff15a7ed34d61eb +246%, 0x0197caa43f49dc0696aa1d5231fcee682fc39bd3 +368%, 0x5e7d0f47896c106e39d6b31e060cb8a0baef573a +514%, 0xe132ffc427edc06e8640bc5c62ca52396a8ec8ba +543%.
- **READ: the shallow drawdown is BEHAVIOURAL, not structural.** Per the standing rule in [[rh-arena-vaults]], a cohort with no loss point has no forced seller and every level up is a distribution opportunity. Here almost the whole float is up and choosing not to leave. **That is the single best argument for "strong community" and simultaneously the single biggest risk: the overhang is fully loaded and nothing but willingness is holding it.**
- **VERDICT ON BEN'S TWO HYPOTHESES: "strong community" is SUPPORTED. "someone accumulating to pump later" is NOT** — buying stopped 7 to 10 days ago, top-20 concentration is falling not rising, the biggest real holder is the dev at 2.36%, and the apparent clusters were routers and wallet rotation.
- Verdict stays **BUY, small**, with the added note that this is a coiled spring in both directions and the trigger is the first 5x wallet that decides to leave.

## THIRD PASS — Ben: "what are the other top coins that hold well, double check your numbers, give me the top 5"
Rebuilt the cohort from scratch with a validation gate. 103 tokens (liq >= $25k, fdv >= $200k, deduped by contract), 62 returned a usable 45-day daily series.
- ⚠ **NEW MANDATORY GATE, and it caught 19 bad rows: a GeckoTerminal price series is only trustworthy if `series_close x supply` matches DexScreener's LIVE marketCap within ~15%.** Dropped: SEMI (off by 1,126%, so the **-99.2% I reported in pass 2 was junk**), EARN and GME (99%), LUCIA (103,354,314%), WADDLES, QUBIT, COPY, CRUDECAT, ROBLOXIANS, AU, PROMETHEUS and others. **Never quote a drawdown from an OHLCV series without this cross-check.**
- Also required, so a flat chart cannot just be a dead chart: **liq >= $40k AND 24h volume >= $20k**, pump >= 2.5x, ATH at least 7 days old.
- **19 coins survive. MEDIAN DRAWDOWN -86.6%. 17 of 19 down more than 50%, 15 of 19 down more than 70%.**

### THE TOP 5 (verified twice)
| # | coin | contract | off ATH | days | mcap | live tape |
|---|---|---|---|---|---|---|
| 1 | HOTDOG | 0x45443A4a7b58ab26A4B4D72616cf36D5aAE7188C | **-8.8%** | 29 | $699,671 | 1,099 buys / 1,111 sells, -3.3% |
| 2 | **SLIPPY** | 0xF0568863195770965a6D8abb0aa87F4314b80320 | **-39.8%** | 10 | $2,189,340 | 331 buys / 235 sells |
| 3 | SIT | 0x89da5167eb1a0067f9b3e39a544ef8d4b9c41e18 | -64.0% | 14 | $2,164,848 | 462 / 841, **-28% today** |
| 4 | CHILLZ | 0x5b6ef408c4ebb166788c0ca4cb644f12ac757777 | -65.6% | 12 | $243,283 | 82 / 85, **-24.6% today** |
| 5 | INCEL | 0x12d834f0780c367909319c73f42310dc0b201e18 | -72.2% | 11 | $709,990 | 76 / 166, **-20% today** |
- **ONLY 1 AND 2 ARE ACTUALLY HOLDING.** 3, 4 and 5 qualified on drawdown but are rolling over on the live tape with sells beating buys and double-digit daily losses. Report it that way.
- ⚠ **TICKER COLLISION: there are TWO HOTDOGs on this chain, both COST-quoted.** `0x45443A4a7b58ab26A4B4D72616cf36D5aAE7188C` is the one that holds (-8.8%). `0x1C1DAEF0300551aDBfbE403e7d567b6c5aFF566f` is a different token at -87.8%. See [[hoplitecus-hotdog]].

### ⚠⚠ CORRECTION I CAUGHT ON MYSELF, the most useful trap of the session
**I measured HOTDOG's pool inventory with `balanceOf` on the v4 PoolManager 0x8366a39CC670B4001A1121B8F6A443A643e40951 and got 2,142 tokens, frozen for 28 days. I was about to tell Ben its chart was pinned on an empty pool. HOTDOG IS A UNISWAP V3 TOKEN.** Its pool is the ordinary v3 pair contract **0x264ad13Bfc0585208b7d8b1712df51B096a5F55c**, which holds **66,265,066 HOTDOG** (DexScreener said 66,289,548, a match).
- **RULE: read `dexId` and `labels` from DexScreener BEFORE choosing where to read pool inventory. v4 = the PoolManager singleton, v3 = the pair contract. Getting it wrong returns a plausible small number rather than an error.**
- Corrected HOTDOG: pool **147,534,737 (42d ago) -> 88,045,556 (28d) -> 76,911,390 (21d) -> 81,715,648 (7d) -> 66,265,066 now**, so **81 million tokens bought out in 42 days and STILL draining in the last 3 days**. Holders **121 -> 253**. Largest holder **2.08%**, top 10 **16.8%**. It is a real second example of the shape, and its pool is draining while SLIPPY's has gone flat. Tiny though: 253 holders, $33k/day.

### WHAT THE TWO REAL ONES SHARE, and what kills the easy explanations again
- Both: turnover ~0.35x, **liq/mcap ~12%**, real website plus X plus Telegram, **no whale** (largest holder 2.08% and 2.36%), holder count rising, pool draining or flat.
- **The depth explanation dies a second time: SIT 37.0%, INCEL 32.3% and CHILLZ 21.8% liq/mcap are all far DEEPER than SLIPPY's 11.3% and HOTDOG's 12.9%, and all three fell harder.** Deep pools do not stop a drawdown. Holders who decline to sell do.

## FALSIFIERS
1. **Pool inventory rises above 75,000,000 SLIPPY**, meaning the 21-day net buying has fully reversed.
2. Holder count falls on three consecutive daily reads from 3,120.
3. The LP position NFT #138123 leaves **0x06dc47616a668a915e04a21ee0947283842ff338**, or any ModifyLiquidity event on the pool shows a **negative** liquidityDelta. Either one is the exit.
4. The operator **0xaf672fa89810b540fe2484d41d9b9090f3f383d2** moves any part of its 23,610,000 into the pool.