THE DOSSIER · one of 50

A 617-transaction liquidity loop

0x46b17eaa9309d24cada76a73e576058e4acef9953980a9b9510c52d059259e5e
617 transactions in the window · 1 stopped early · browse every one →

For roughly ten hours, this address repeatedly cycled through concentrated-liquidity maintenance. Across its whole 617-transaction history in the frozen window, it opened 192 positions, reduced liquidity 192 times, and closed positions 192 times. Six more transactions carried an execute-swap-route label. The repetition resembles systematic position maintenance, possibly automated, but the evidence does not establish a person, operator, bot, or profitability.

Rhythm and repertoire

The first recorded transaction was at 13:03:37 UTC and the last at 23:26:28 UTC. The whole-history median gap was 6.688 seconds; the 90th-percentile gap was 120.793 seconds. The longest idle period was 2,975,721 milliseconds—just under 50 minutes—and the busiest minute was 22:02 UTC, with 10 transactions.

The latest detailed stream is capped at 500 transactions, covering 15:02:24–23:26:28 UTC. Its cadence is almost identical: a 6.621-second median gap. The sequence is strikingly regular: close, open, decrease, then close again. In that capped stream, the three main behaviors appeared 154, 154, and 153 times respectively. Four transactions were labeled as route executions.

The remaining 35 latest-stream transactions received no whole-transaction behavior label. The system could describe pieces of their compositions, but withheld a broader operation claim. All 617 transactions used this same address as gas owner; none were sponsored.

What actually moved

Whole-history boundary records show a large amount of application value passing through the address, but nearly matching inflows and outflows:

  • Application-held SUI: 204,693.455201851 SUI in and 204,693.447099771 SUI out, a recorded net of +0.00810208 SUI.
  • Application-held USDC: 205,124.586442 USDC in and 205,576.637793 USDC out, a recorded net of −452.051351 USDC.
  • Application-held DEEP: +0.004123 DEEP recorded in.
  • Gas SUI: 1.11296348 SUI in and 2.888244304 SUI out, a net gas movement of −1.775280824 SUI.

The gas and application-held records are separate evidence categories; they should not be added together. These figures also do not establish profit, since the corpus contains no prices or cross-asset valuation.

Three useful moments

8k76swEL is a representative close. Its gateway wrapper removed remaining liquidity, collected accrued fees, required the position to be empty, consumed it, and delivered the resulting balances to a supplied recipient. The wrapper did not expose the returned amounts. The sender boundary showed +0.00529866 SUI.

FeoJw4zL shows the corresponding opening route. It opened a concentrated-liquidity position, prepared three supporting values, added liquidity, and transferred the resulting position. The sender boundary changed by −1,615.814191258 SUI and −827.266762 USDC; those changes are not individually attributed to one call.

The one failed transaction, 3XNuVFxJ, attempted the same opening-and-funding shape but stopped at clmm_math::get_liquidity_by_amount. The attempted position opening and preparation were rolled back, so the call proves an attempted liquidity addition, not a completed one. The recorded gas movement was −0.000216356 SUI.

This address is best read as a highly repetitive liquidity-position workflow: open, adjust, close, repeat. What remains unresolved is who controlled it, why the positions were being cycled, and whether the resulting activity was economically favorable.

Useful exits: 8k76swEL, FeoJw4zL, 3XNuVFxJ; behavior records sui/open-liquidity-position/roster-f0024/v1, sui/decrease-liquidity/roster-f0070/v1, and sui/close-liquidity-position/roster-f0043/v1; gateway revision 0xd075338d105482f1527cbfd363d6413558f184dec36d9138a70261e87f486e9c.

Dossiers are AI-authored readings of one address's stored window. They describe observed behavior — never operators, identity, or profit the evidence doesn't establish.

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