So much for a fair drop

Coolman’s Universe is a classic example of a 2021 NFT PFP collection: fading out of memory, seemingly destined for zero, with a chart that has this very familiar pattern:

But their $COOL memecoin launch yesterday was supposed to change all of that (first covered here). 

This was meant to be their big comeback. An NFT collection rising from the dead and then riding into town while the locals threw flowers at their feet and toasted in their honor to the tune of Happy Days Are Here Again. 

It was even supposed to be the Gold Standard for a fair drop. 

And yet, things couldn’t have gone worse. 

The token was immediately called out for having a suspicious launch in which a small group of wallets sniped the vast majority of the supply before anyone knew it had launched. 

Here’s the timeline, as we understand it: 

• 9:39 PM – the $COOL contract is created
• 9:39 PM – some wallets snipe ~85% of the supply 
• 9:46 PM – the official account tweets about the coin (weirdly late) 

We can’t know for sure if these snipers were actually part of the team, but we do know that they made off with huge profits. 

For example, this wallet was the first on the scene and sniped 288 million $COOL tokens immediately after the contract went live. 

They then transferred the tokens to a bunch of other wallets and began selling, including the top $COOL “trader” below who sold ~$450k worth of it. 

The team hasn’t confirmed or denied any link to the snipers, but they did claim that they delayed tweeting about the contract to make sure "the contract was stable", which sounds pretty weak. 

Ay Dios Mio, if you can’t even trust a cuddly cat thing with your money then what else do we have in this world??