The Trench Desk← Back to briefing

Narrative

$BUTTERFLY

26 independent creator wallets have launched 36 tokens under this ticker, beginning 40d ago. The most recent was 1d ago. No new creator wallet has launched under it in the last 15 minutes.

Creator wallets

26

Launches

36

New (15m)

0

New (1h)

0

What creators say this is about

11 creators linked a source, but no two-fifths of them agree on one — no shared origin.

What they are calling it

  • butterfly2 creators
  • butterfly coin2 creators
  • Butterfly Law2 creators
  • Butterfly1 creator
  • Butterfly AMM1 creator

These links and names come from the token metadata each creator wrote themselves. The Trench Desk observed that independent creators cite the same source — it has not verified what that source says, and a creator can link anything.

Is real money behind it?

  • 11 of 36 tokens under this ticker have any observed trade activity at all.
  • 1 has migrated to a live market.
  • 19 wallets bought into more than one token under this ticker — the same buyers reappearing across siblings.

What the creators put in

57.45 SOL committed across 36 launches, a median of 0.988 SOL each and a largest single buy of 7.90 SOL.

This is what the creators spent on their own tokens, not what anyone else did — it is skin in the game, never demand. Worth knowing that The Trench Desk’s own record shows the figure does not predict reaching a live market: across 59,000 launches, tokens with no dev buy at all migrated slightly more often (2.4%) than those with 1–3 SOL behind them (1.2%).

Trade evidence is counted only from what The Trench Desk has observed. Absence of trades means absence of observation, not proof that none occurred.

Who is launching it

Creator counts can be one actor operating many wallets — The Trench Desk cannot distinguish that from genuine independent adoption.

Who got here first

Wallet #11495 launched the earliest token The Trench Desk observed under this ticker, 40d ago.

From a batch origination snapshot (low confidence), not a live calculation — it may lag very recent activity.

Every time this name has been tried

The Trench Desk has observed this ticker being launched in at least 10 separate bursts over the last 30 days, the first 19d ago. Of the 9 earlier runs, 1 reached a live market. Counts are a floor: they include only runs The Trench Desk was watching for.

  1. nowthis run1 launch
  2. 2d agorun 96 launches
  3. 4d agorun 84 launches
  4. 4d agorun 72 launches
  5. 5d agorun 61 launch
  6. 14d agorun 59 launchesreached a live market
  7. 16d agorun 44 launches
  8. 16d agorun 33 launches
  9. 19d agorun 21 launch
  10. 20d agorun 13 launches

Runs are separated by at least 6 quiet hours, over the last 30 days. Counts are a floor: they include only launches The Trench Desk was watching for, so this name has been launched at least this many times — never fewer. A run with no migration marked is one where none was observed, which is not the same as none occurring.

Recent launches under this ticker