The launch — snipers took a third

At a glance

• Project: Suited (SUITED) — live poker room on Robinhood Chain; token pays holders a cut of the room's income
• Chain: Robinhood Chain (4663)
• Contract: 0x448168B7C3736FB55C552dCe72D5f1F5B30d77Cb
• Launch: September 29, 2026, 22:48:39 UTC on the Pons V2 platform (fair launch)
• Opening price: ~$0.0000259
• Graduated: 54 seconds after launch
• Sniper verdict: the top snipers sold; they did not hide the tokens in new wallets

Read this first

Suited did not run a presale, an ICO or a token sale. It launched the way many Robinhood-Chain tokens do: the full 1 billion supply was minted at deployment, a small slice went to the team, and the rest was sold through an automatic on-chain "bonding curve" that anyone could buy from. It filled in under a minute. But the launch was engineered so a short list of wallets could buy without paying the platform's anti-sniper tax, and two of those wallets walked off with about a third of the supply in the first seconds. The important finding of this report is where that supply is now: the snipers sold it into the market. Almost none of it is sitting in hidden wallets. That tells you the launch was a payday for bots, not a long-term holder base.

How the launch worked

• Mint: one transaction minted the full 1,000,000,000 SUITED into the bonding-curve contract.
• Team slice: the same transaction sent 10,000,000 SUITED (1.0%) to the team's operator wallet. That is the only free allocation; there is no vesting.
• First trade: the team's launch transaction also placed the very first buy — 33.697802 USDG — which set the opening price.
• A snap list of insiders got in tax-free: the launch named 31 addresses (plus the operator) that were exempt from the anti-sniper tax. Those wallets could buy in the first block without penalty.
• Open to everyone else: from that block, any wallet could buy from the curve.
• Done in 54 seconds: the curve filled and migrated to a Uniswap v4 trading pool at 22:49:33 UTC.

Who participated

• 18 distinct wallets bought directly from the bonding curve in the launch window (the first ~3 seconds).
• The token saw 80,606 transfers lifetime and its poker product reached 100 players / 500 hands in the first hours — but those are game users, not token buyers.
• The 31 whitelisted wallets bought alongside the operator at the open.

The sniper problem, and where the supply went

In the first seconds, a small set of wallets took a huge share of supply off the curve. The table below shows the top ten, what they took, and — read directly from the chain — what happened to it afterwards.

The team's operator wallet took 10.0M (1.0%) at the same instant — that is the team cut, not a sniper, and it has never sold.

Did they just move wallets? No. We followed every token that left each sniper. The vast majority went either straight back into the bonding curve or into the Uniswap v4 pool (the PoolManager contract) — i.e. it was sold. The "EOA" wallets that received chunks forwarded 100% of what they got into the pool in their very next transfer, meaning they were intermediate sell routes, not new cold-storage wallets. Seven of the top ten are now at or near zero; the two largest (about a third of supply combined) are completely gone. There is no hidden stash of the ~690M that left the curve.

What this means: the launch float was captured by a handful of tax-exempt snipers who sold it into the open market. That is why the holder count fell even as the price bounced. It is a launchpad-payday pattern, not the start of a committed holder base.

The top holders today

Most of the top of the holder list is the project's own machinery, not people.

The largest real (non-contract) holders:

None of the launch snipers appear in today's top holders — their supply rotated out to the market. Today's largest individual wallets sit at roughly 0.9–1.4% each, consistent with buying after the launch dump rather than the original snipe.

Initial price and value

• Opening price: ~$0.00002586 per SUITED (a token value of roughly $25.9K). The team's seed buy set the open.
• At graduation: about $0.000389 — roughly 15× the opening price.
• Launch-day high: $0.002002 on Sep 30 (about $2.0M).
• Now (Oct 3): ~$0.000599 (~$584K) — about −70% from the high, but still ~23× the opening curve price.

How much was raised

• Net USDG into the bonding curve over the launch: about $2,529 in, $980 out, ~$1,549 net — a tiny raise, expected when a curve fills in under a minute.
• The tokens that left the curve before migration totaled about 690M (~69% of supply) — most of which the snipers immediately returned to the pool.

What this means if you are reading it as an investment

• It was a genuine fair launch, not a private sale. There was no discounted pre-mine; the entire public float was bought on an open curve. The only free allocation was the team's 1%.
• But it was a sniper's launch. The anti-sniper tax was waived for 31 wallets, two of which took about a third of supply in the first seconds — and then sold it. The "fair" open was materially pre-arranged for a small, tax-exempt group.
• The snipers are gone, not holding. The supply went back into the market, so it is not a hidden overhang waiting to dump — but it also means there was never a loyal early-holder base.
• The opening price was extremely cheap ($0.0000259), and the token is still up ~23× from it — but anyone who bought the launch-day high is down ~70%.
• The raise was tiny (~$1.5K net). This token was never funded by its launch; its value comes from the poker room's ongoing fee flow, which is why the "creator fees" and "burn" numbers in the main report matter more than the raise.

Sources: Robinhood Chain (raw node + block explorer): the launch transaction, the token's first Transfer logs, USDG transfers around block 76027105, the launchpad's graduation record, and current balances. Snapshot October 3, 2026.

Note: explorer tags and third-party portfolio viewers may not fully index the young Robinhood Chain, so wallet labels are best-effort; the balance and transfer data are read directly from the chain.