A November 10, 2026, on-chain investigation reported that addresses linked to Ascend, an Elysium launch platform, routed approximately $140,000 through two privacy pools into three new wallets. Those wallets bought MONTRA within minutes of its November 10 launch at 00:36 UTC, according to the investigation. MONTRA is the platform token of Montra, another Elysium launch platform.
The investigation traced two routes:
- Route A: On November 10, a wallet deposited 40,000 USDC into Privacy Cash on Solana. An equal amount was withdrawn 47 seconds later, converted into 530.57 HYPE and used to buy 6,846,772 MONTRA, which was then transferred out.
- Route B: On November 9, 100,328.25 USDC was deposited into a Base privacy pool and an equal amount was withdrawn within the same hour. Two new wallets on this route bought approximately 25.6 million MONTRA within about five minutes of launch. The investigation reported a launch fee as high as 23.2%.
The MONTRA tokens converged in one FOMO wallet holding 32,014,541 tokens, or approximately 3.2% of supply. The investigation reported no purchase record for that wallet itself. It also said the Route A deposit wallet had received 27.7 SOL from ethanhates.sol and sent approximately $66,200 to an address that Ascend co-founder CryptoTomYT had described as his own. Route B’s initial funding came from a FOMO account labeled analyzationz by Arkham, according to the investigation.
The investigation further reported that 10 other new wallets funded by withdrawals in the same hour, together with the buyers described above, held 25.8% of LAUNCHPAD’s supply. These reported transaction links and holdings do not, on their own, establish who controlled every wallet.
Originally reported November 11, 2026, at 11:15 UTC+8. Original source: ChainCatcher.