Circled facts: launch wallet never sold, half the supply burned

The token

Contract: 0x390128ca6d20661181ffde1259ced84de23fd4f5
Launched: 18 September 2026, 00:34:54 UTC. Block 21,413,641.
Trading so far: 4.50M USDC traded. Highest market value about 9.27M USDC. 2,178 holders.
Burned: 501.65M Circled. That is 50.2% of all Circled.Burned tokens are sent to a dead address. Nobody can ever sell them.

Wallet: 0x07d94887e41b479f6bc65d8e11b468a8fb523b70
Where the money came from: 118.63 USDC from an exchange wallet on Solana, bridged to Arc with Relay, 2 minutes before launch.
Bought: 19,999,862 Circled (2%) in the launch transaction.
Sold: Nothing. It has never sold.
Creator fees: 11,048.25 USDC claimed in 16 claims. None of it has been moved out.

22 seconds after launch one wallet, 0x70fd34be984dc82da74d30fb627d89a1a51383bf, bought 703M Circled (70.3%) for 10,889.89 USDC.
About 17 minutes later it sold about 697M back for close to the same money. This was before the price went up. In total it got 36,669.92 USDC. It holds zero now.
From 33 minutes after launch, 60 wallets started buying. Most of them bought in the same two blocks. Together they bought about 915M and sold about 413M in the first four hours.
Then the 60 wallets burned 501.65M. Each wallet burned one time. The burns came in two groups: 03:06 to 03:20 UTC and 14:09 to 14:18 UTC on 18 September.
We do not know who controls the 60 wallets. The chain only shows what they did.