Case file 004 · 3 Oct 2026 Money trail · preview

The fakes sold first: 3.37 million ORBIO before the real tokens

Nine Orbio projects, each with a token its own channels now name, were copied before they launched. Between 28 Sep and 2 Oct, 70 confirmed Orbio copies of them launched from 58 minutes to 72.6 hours ahead of the real token, and 48 of them traded: 2,674 buys put in 3,373,401 ORBIO before each real launch, 88.9% of it in a copy's first 15 minutes. 81.6% of it was sold back out of the same curves before the real token existed.

3,373,401 ORBIO
bought on copies before the real token existed: 70
Orbio copies launched first; 48 traded: 88.9%
of those buys in a copy's first 15 minutes: 81.6%
sold back out of the same curves

What we found

Nine projects, copied before they launched.
$TRENCHES #49819 copies · 908,699 ORBIO
$ORBIOWORLD #4856 copies · 804,186 ORBIO
$TANK #29213 copies · 763,744 ORBIO
$ORBIOBOOK #76122 copies · 377,171 ORBIO
$CASINO #4932 copies · 355,600 ORBIO
$MOONLET #6375 copies · 111,144 ORBIO
$MIGRA #2611 copy · 26,337 ORBIO
$LEAK #2481 copy · 17,381 ORBIO
$AUVRA #2311 copy · 9,138 ORBIO
28 Sep29 Sep30 Sep1 Oct2 Oct3 Octwinners named
Each bar runs from a project's first Orbio copy to its own token's launch. Red dots are copies that traded, sized by their buys; grey dots never traded; the green dot is the real launch. Days in UTC.
Each of these nine projects now has a token that its own X account or website names, so Dossier verifies it: $TRENCHES #498, $ORBIOWORLD #485, $TANK #292, $ORBIOBOOK #761, $CASINO #493, $MOONLET #637, $MIGRA #261, $LEAK #248 and $AUVRA #231. Before each of them existed, Orbio agents using the project's name, ticker or links were already trading: 70 in all, launched from 58 minutes to 72.6 hours ahead of the real token, between 16:59 UTC on 28 Sep and 19:30 on 2 Oct. Each is a confirmed copy: the project's own channel lists a different contract or disowns it. 48 of them traded. On their bonding curves, 2,674 buys put in 3,373,401 ORBIO before each real launch: $TRENCHES's 908,699, $ORBIOWORLD's 804,186, $TANK's 763,744, $ORBIOBOOK's 377,171, $CASINO's 355,600, $MOONLET's 111,144, $MIGRA's 26,337, $LEAK's 17,381 and $AUVRA's 9,138.
@trenches97's contract post ↗@orbioworld's post of #485 ↗@thelivingtank's contract post ↗@orbiobook's contract post ↗@inferencecasino's contract post ↗@Moonletxyz's contract post ↗@lagisalpha's contract post ↗@LeakScoutAi's contract post ↗@AuvraAii's contract post ↗orbioworld.io lists #485 ↗
Bought in the first minutes, mostly sold back.
3,373,401 ORBIO of buys, by time after the copy's launch
46%43%11%
- First minute 46% 1,557,519 ORBIO
- 1 to 15 minutes 43% 1,441,181 ORBIO
- Later 11% 374,701 ORBIO
Where it was by each real launch
82%18%
- Sold back out of the curves 82% 2,752,778 ORBIO
- Not sold back 18% 620,622 ORBIO
1,119 wallets that traded the copies, #178 aside
831288
- Took out less ORBIO than they put in 831 581,259 ORBIO between them
- Came out ahead 288 265,267 ORBIO between them
Buys and sells on the copies' bonding curves, each up to the moment its project's real token launched.
Copies trade fast. Of the 3,373,401 ORBIO, 1,557,519 (46.2%) went in during a copy's first minute and 2,998,699 (88.9%) in its first 15 minutes; 38 of the 48 copies that traded took every buy in their first 15 minutes. So a warning that comes 15 minutes after a copy's launch comes after most of its buying. Before the real launches, 2,194 sells took 2,752,778 ORBIO back out of the same curves, 81.6% of what went in; the other 620,622 ORBIO stayed in the curves, went to their fees or, for #178, into its pool. Leaving out #178, whose trading moved to a pool after two minutes, 1,119 wallets traded the copies before the real launches. 831 of them took out less ORBIO than they put in, 581,259 ORBIO between them (median 201 ORBIO); 288 came out ahead, by 265,267 ORBIO. 143 wallets bought copies of more than one of the nine projects.
#178, the first fake $TANK, graduated in 2 minutes 16 seconds.
#178's curve254 buys, 487,930 ORBIO
Its buyers still holding137 → 44 → 29 → 6 of 165 wallets
@thelivingtankfirst warning, 17:35:37
warning
17:0017:2017:4018:00
28 Sep, UTC. The bar is #178's bonding curve, from launch to graduation. Dots are the tokens #178's 165 curve buyers still held, sized by amount. The real $TANK launched 50.6 hours later.
#178 launched at 16:59:28 UTC on 28 Sep as $TANK, linking to @thelivingtank, which had no token yet. 254 buys from 165 wallets put 487,930 ORBIO into its curve, and at 17:01:44, 2 minutes 16 seconds after launch, it graduated: the 264,113 ORBIO in its curve went into a trading pool. @thelivingtank's first warning, "Sadly there are impersonators launching tokens", came at 17:35:37, 34 minutes after graduation. 10 seconds after graduation, 137 of the 165 curve buyers held 699.0 million of the token; 10 minutes later, 44 held 315.0 million; at the warning, 29 held 201.2 million; an hour after graduation, 6 held 21.2 million. The real $TANK #292 launched 50.6 hours later, at 19:36:43 on 30 Sep, and graduated in 58 seconds, 23 seconds before @thelivingtank posted its contract. At that launch, 4 of #178's curve buyers still held 20.5 million.
#178's launch ↗The buy that filled its curve ↗Its pool opens ↗@thelivingtank's first warning ↗The real #292's launch ↗#292's pool opens ↗@thelivingtank's contract post ↗
Its creator's funder bought in the first seconds and sold before graduation.
0x9645…6d8dfunded with 0.69 ETH at 16:40:56
0.03 ETH at 16:47:54
0x39d6…d3dblaunched #178 at 16:59:28, its first transaction
+5 s and +22 s
0x9645…6d8d buys34.2 million tokens for 4,273 ORBIO
17:01:01
Sells them allfor 17,785 ORBIO, 43 s before graduation
28 Sep, UTC. Every step is a transaction on Robinhood Chain; 0x9645…6d8d ended 13,512 ORBIO up.
#178's creator, 0x39d6…d3db, got its ETH from one wallet: 0x9645…6d8d sent it 0.03 ETH at 16:47:54, 11.5 minutes before the launch, which was the creator's first transaction. 0x9645…6d8d had itself been funded with 0.69 ETH seven minutes earlier. It bought #178 at 5 and 22 seconds after launch, 34.2 million tokens for 4,273 ORBIO, and sold all of them at 17:01:01 for 17,785 ORBIO, 43 seconds before graduation: 13,512 ORBIO more than it paid. Since then #178 has earned its creator 107,559 ORBIO of fees from its trading, and by 3 Oct its owner had withdrawn 53,661 ORBIO, nearly all of the half that was staked.
0x9645…6d8d is funded ↗It funds the creator ↗Its first buy ↗Its second buy ↗Its sale ↗#178's fees and withdrawals ↗
$TRENCHES97 #432 took 651,411 ORBIO before the real token existed.
$TRENCHES97 #432430 buys, 651,411 ORBIO
Real $TRENCHES #498launch 19:10:16, graduated 19:19:58
@trenches97contract posted 19:13:42
Dossierred at 19:26:47
red
17:3018:0018:3019:0019:30
1 Oct, UTC. Dots are #432's buys in ten-minute steps, sized by ORBIO; the green bar is the real token's curve, from launch to graduation.
Orbio posted its Build Week results at 16:34 UTC on 1 Oct and named @trenches97 among six honourable mentions. 42 minutes later, at 17:16:25, #432 launched as $TRENCHES97, linking to @trenches97. Before the real $TRENCHES #498 launched at 19:10:16, 430 buys put 651,411 ORBIO into #432: 200,767 in its first minute and 460,076 in its first ten. Until @trenches97 posted #498's contract at 19:13:42, Dossier had found no contract and no warning on its X account or its site, so nothing yet told the copy from the real token: the real one didn't exist. Dossier marked #432 red at 19:26:47 and posted it to its channel at 19:31:27. Before the real launch, 553,870 ORBIO had already been sold back out of #432's curve.
Orbio's honourable mentions ↗#432's launch ↗The real #498's launch ↗@trenches97's contract post ↗Dossier's post ↗
$ORBIOWORLD #381: the project warned, Dossier posted it red, and buying went on.
#381's 753,385 ORBIO of buys before the real launch
61%16%23%
- Before the project's warning 61% 457,732 ORBIO in the first 5 minutes
- After the warning 16% 118,540 ORBIO
- After Dossier's red post 23% 177,113 ORBIO
Its 763 buys
419160184
- Before the warning 419
- After the warning 160
- After Dossier's post 184
1 Oct, UTC: #381 launched at 13:43:59, @orbioworld warned at 13:48:56, Dossier posted it red at 14:02:07, and the real token launched at 18:41:01.
#381 launched at 13:43:59 UTC on 1 Oct, from case 001's wallet chain, 22 minutes after the @orbioworld X account was created. At 13:48:56 @orbioworld posted "Warning: $ORBIOWORLD is not live yet"; the post has since been deleted, and Dossier's channel quotes it. Dossier marked #381 red at 13:55:12 and posted it at 14:02:07. Before the real $ORBIOWORLD #485 launched at 18:41:01, 763 buys put 753,385 ORBIO into #381: 457,732 before the warning, 118,540 between the warning and Dossier's post, and 177,113, from 184 buys, after the post. #485 is the contract orbioworld.io lists, and @orbioworld posted it at 20:58:34.
#381's launch ↗Dossier's post, quoting the warning ↗The real #485's launch ↗@orbioworld posts #485 ↗orbioworld.io ↗
$ORBIOBOOK: 22 copies in 28.5 hours, most after the project said it had no token.
22 copies10 traded · 377,171 ORBIO
@orbiobook"no official token" 04:45 · contract 22:01
no token
Real $ORBIOBOOK #7612 Oct 22:00:24
18:002 Oct06:0012:0018:00
1 and 2 Oct, UTC. Dots are the copies at their launch, sized by their buys before the real token; grey dots never traded.
The first Orbio copy of Orbiobook, #447, launched at 17:28:21 UTC on 1 Oct. At 04:45:33 on 2 Oct @orbiobook posted "THERE IS NO OFFICIAL TOKEN LAUNCHED BY ORBIOBOOK!"; 18 of the 22 copies launched after that, and 252,632 of their 377,171 ORBIO of buys came after it. The busiest, #725, launched at 18:21:15; Dossier posted it red 34 seconds later, at 18:21:49, and 92,623 of its 158,555 ORBIO of buys came after the post. The real $ORBIOBOOK #761 launched at 22:00:24 on 2 Oct; @orbiobook posted its contract at 22:01:30, and it graduated in 127 seconds.
@orbiobook: no official token ↗#725's launch ↗Dossier's post ↗The real #761's launch ↗@orbiobook's contract post ↗#761's pool opens ↗
Copies rarely graduate; the real tokens often do.
39 Orbio agents Dossier verifies
1128
- Graduated 11
- Still on their curve 28
298 confirmed copies
3295
- Graduated 3 #1, #178, #406
- Still on their curve 295
The nine real tokens in this case
54
- Graduated 5 in 58 s to 27 min
- Still on their curve 4
Their 70 copies
169
- Graduated 1 #178
- Still on their curve 69
Orbio agents launched by 07:10 UTC on 3 Oct. Graduation is read from the Pons factory on Robinhood Chain.
A Pons token graduates when the ORBIO in its curve reaches 264,113, which then seeds a trading pool. Of the 851 Orbio agents launched by 07:10 UTC on 3 Oct, 14 have graduated: 11 of the 39 that Dossier verifies, 3 of the 298 confirmed copies ($YASHMODE #1, $TANK #178 and $FOUNDRY #406), and none of the other 514. Five of the nine real tokens here graduated, in 58 seconds ($TANK), 127 ($ORBIOBOOK), 286 ($CASINO), 582 ($TRENCHES) and 1,648 ($MOONLET); of their 70 copies, only #178 did. A copy that doesn't graduate keeps its buyers' ORBIO in its curve, and sellers take it back out from there.
$CASINO's pool opens ↗$TRENCHES's pool opens ↗$MOONLET's pool opens ↗

The 70 copies, in launch order (verdicts as of 3 Oct)

Impersonator · 70

#178's creator, and the wallet that funded it

Funded the funder0x88d2…51d3
Not followed further.
- 0.6936 ETH28 Sep 16:40:56 UTCReceipt ↗
The funder0x9645…6d8d
Bought #178 at 16:59:33 and 16:59:50 for 4,273 ORBIO; sold all 34.2 million tokens at 17:01:01 for 17,785 ORBIO.
- 0.0300 ETH28 Sep 16:47:54 UTCReceipt ↗
#178's creator0x39d6…d3db
The launch was its first transaction.
Launched $TANK #178 Impersonator 28 Sep 16:59 UTC Receipt ↗

The nine real tokens

#	Token	Launched	Links to	Verdict now
1	$AUVRA #231	29 Sep 15:17 UTC Launch ↗	@AuvraAii	Verified
2	$LEAK #248	29 Sep 17:20 UTC Launch ↗	@LeakScoutAi	Verified
3	$MIGRA #261	29 Sep 20:38 UTC Launch ↗	@lagisalpha	Verified
4	$TANK #292	30 Sep 19:36 UTC Launch ↗	@thelivingtank	Verified
5	$ORBIOWORLD #485	1 Oct 18:41 UTC Launch ↗	@orbioworld	Verified
6	$CASINO #493	1 Oct 18:58 UTC Launch ↗	@inferencecasino	Verified
7	$TRENCHES #498	1 Oct 19:10 UTC Launch ↗	@trenches97	Verified
8	$MOONLET #637	2 Oct 01:50 UTC Launch ↗	@Moonletxyz	Verified
9	$ORBIOBOOK #761	2 Oct 22:00 UTC Launch ↗	@orbiobook	Verified

What this shows, and what it doesn't

It shows

Copying starts before the real token exists, and the buying stops when it arrives. After each project's real token launched, Dossier's index records just 5 buys on the 69 copies still on their curves, 5,390 ORBIO in all, to 3 Oct.
A project's warning, or Dossier's red flag, doesn't stop the buying: 295,653 ORBIO of #381's buys came after @orbioworld's warning, and 92,623 ORBIO of #725's after Dossier's post.
12 of the 70 copies came from the wallet chains in earlier case files: six from case 001's chain, including #381 and $IC #288, and six from case 003's chains, including #179 and #383. Together they took 1,490,139 ORBIO, 44.2% of the buys.
The copies paid their makers. By 07:19 UTC on 3 Oct, trading in the 70 copies had earned their creators 258,243 ORBIO of fees; half of it is staked for the agents, and 123,780 ORBIO of that has been withdrawn, from 31 of them.
Projects that launched straight on Pons, outside Orbio's vault, were copied the same way: Orbio copies of nine of them took about 136,000 ORBIO of buys before the real token. They are not in the totals above.

It doesn't show

Who launched the copies. 12 came from the chains in case files 001 and 003; the other 58 came from 52 wallets.
What the buyers believed. Some are bots and some trade every launch; the chain shows what wallets did, not whether they thought they were buying the real token.
What #178's buyers lost after graduation. Its trading moved to a pool, which this case doesn't count, so #178 is left out of the wallet tally.
Whether these wallets went on to buy the real tokens. Five of the real curves filled in 58 seconds to 27 minutes, and later buying happened on pools we didn't follow.
Gains or losses on tokens still held. The wallet tally counts only ORBIO in and out of the copies' curves before each real launch, and tokens left over count as nothing.
$OMKT. Dossier marks its two earlier Orbio agents, #411 and #420, as copies, but they came from 0xcceb…85c3, the wallet that launched the verified $OMKT #525 and, as case 002 shows, copies of five Build Week winners. They are left out: with them, the totals would be ten projects, 72 copies and 3,405,788 ORBIO.

Case file 001: the wallet chain behind $ORBIOWORLD #381 and five other copies here. Read it →

Case file 002: the copies around Orbio's winners announcement, including $TRENCHES97 #432. Read it →

Case file 003: the wallet chains behind $TANK #179, $ORBIWORLD #383 and four other copies here. Read it →

The first fake $TANK, Orbio agent #178. Read it →

The real $TANK, Orbio agent #292. Read it →

The real $TRENCHES, Orbio agent #498. Read it →

The real $ORBIOWORLD, Orbio agent #485. Read it →

The real $ORBIOBOOK, Orbio agent #761. Read it →

How we checked

Scope: the Orbio agents Dossier verifies whose X account or website was copied by Orbio agents launched before them. Each copy is confirmed by that project's own channel, which lists a different contract or disowns it. For all 79 agents, the Orbio vault's record matched the index's token and launch time, each owner was the wallet that sent the launch transaction, and every launch transaction was re-read from a public Robinhood Chain node.

A buy is ORBIO sent into a copy's bonding curve and a sell is ORBIO paid out of it, from the copy's launch to the block in which its project's real token launched. Transfers between a curve and Orbio's launch system (fees, graduation) are not trades.

Trades come from Dossier's index, checked against the chain. For the 21 copies trading on 1 Oct, all 2,629 indexed trades matched a raw read of every ORBIO transfer in those hours; six other copies matched trade for trade over their first 20 minutes (1,378 trades); and each copy's curve held no ORBIO before its first indexed trade, except three whose first minutes the index missed (#225, #279 and #255: 13 trades, read from the chain). #383, which the index never read, and #178, which graduated before it could, were read from the chain in full.

The wallet behind each trade is the one that received the copy's tokens (a buy) or sent them (a sell) in that transaction, read from its receipt; 7 of 4,507 trades couldn't be attributed. What #178's buyers held is read from an archive node at each moment.

Graduation is the Pons factory's PoolGraduated event. Fees and withdrawals are from Orbio's public agents API at 07:19 UTC on 3 Oct. X posts were read from X's public embed, the @orbioworld account's creation time from X's profile data, and the channel posts' times from Telegram.

Verdicts are as of 07:10 UTC on 3 Oct, under the same rule as every verdict on this site: a token is a confirmed copy only when the real project's own X account or website lists a different contract or disowns it.

Money-trail analysis is in preview here. It is coming to every file on Dossier. All case files →

The fakes sold first: 3.37 million ORBIO before the real tokens

What we found

Nine projects, copied before they launched.

Bought in the first minutes, mostly sold back.

#178, the first fake $TANK, graduated in 2 minutes 16 seconds.

Its creator's funder bought in the first seconds and sold before graduation.

$TRENCHES97 #432 took 651,411 ORBIO before the real token existed.

$ORBIOWORLD #381: the project warned, Dossier posted it red, and buying went on.

$ORBIOBOOK: 22 copies in 28.5 hours, most after the project said it had no token.

Copies rarely graduate; the real tokens often do.