01Definition
A capital action materially changes exposure. Tiny buys can coexist with larger sales and declining inventory.
02Why it matters
Transaction count and color can obscure the net position change.
03What to check
- Buy and sell quantities across the same window
- Transfers and balances across relevant addresses
- Whether wallet links and coverage are actually established
04Healthy / Dangerous
Healthy
The interpretation accounts for size, transfers, and missing history.
Dangerous
Many small buys are treated as proof of accumulation.
05Beginner mistake
Inferring support intent from one transaction.
06Takeaway
Follow meaningful exposure changes over time.
See the idea
- 01
A wallet buys ten lots of 1,000 units.
- 02
It also sells 50,000 units in that window.
- 03
Observed swaps imply a 40,000-unit reduction, before transfers.
Try it on a token
See it in Meme Fast → InspectCompare sizes and directions of sampled swaps. Reconcile balances and transfers externally; observed swap net is not complete inventory or proof of intent.
Go deeper
The source calls tiny promotional or trading activity moderation. Relative size matters more than a fixed SOL threshold. Attention support during distribution is a possible interpretation requiring a sequence of evidence, not an intent label inferred from small buys. Dollar net flow and token inventory change are different measures.
Need the basics? Revisit 101A →