# Analysis Case ## Rug Pool Rug pools have distinct features - top holders are heavily clustered. In most cases, if the tokens bought by non-insiders have accumulated to a certain amount, the cabal behind would dump and drain the LP.

## Dev Pool Dev pool refers to a poll that is manipulated by a strong force (not necessarily the dev that launched the token, could be a whale investor, a professional team of manipulator etc.) In a dev pool, the top holder wallets are also clustered, but not so much as in a rug pool - good ‘dev’ is experienced at hiding his activities. The ‘dev’ claims the token at bottom prices, and Top 20 holders are often HODLing with very high PnLs - this means that the ‘dev’ has a clear plan and great confidence in pulling the pool. If the Top 20’s PnLs have gone down to loss, it usually mean that the pool has been dumped.

## PVP Pool PVP pool refers to a poll with no obvious ‘cabal’ or ‘dev’. It’s usually a token connected to very recent heats (e.g. an Elon Musk tweet). Holders are often mixed and holding wallets are loosely or none connected. Insider holding is usually less than 20%. Top holder PnLs are very different - some may have made 100x+ and some may have lost much. PVP pool is a game of speed - profit-making largely depends on one’s ability to dig narrative and sense the market’s emotion. If not a huge narrative, it is not advised to fomo on PVP coins.