Recent token mechanics dissected:

The playbook is getting predictable:

1. Pump FDV sky-high

2. Create massive paper gains for presale/early rounds

3. Lock actual circulating supply through vesting, bonus locks, delayed unlocks

Seen this with $LAB $STO $RAVE - all variations of the same game. Either manipulating KOL rounds or accumulating chips quietly. Pattern: sudden lockup rule changes → force market hedging → team wallets dump at tops into CEX.

$BILL sitting at $2B mcap right now. Key observations:

- No single-day 100%+ wicks yet

- Hasn't hit the $10B+ threshold (critical zone based on past cycles)

- Probably not done running

Three plays for $BILL:

1. Stay away completely

2. Buy dips, exit on first 100%+ daily wick

3. Wait and watch for $10B mcap signal

Best advice? Don't hedge these. Either you're in or you're out. Half-measures get rekt in this meta.