reSee.it - Tweets Saved By @burkeanorder

@burkeanorder - יוני

Blockchain data shows Stew Peters and $JPROOF devs coordinating on-chain fraud. “Liquidity is locked” — it isn’t. “Minting disabled” — still live. “Organic trading” — just bots. An insider wallet holds 99.94% of the LP tokens, allowing them to nuke everyone else’s position. 🧵

@burkeanorder - יוני

Every platform they promote on their website—Meteora, DexScreener—shows a green “99.94% Locked” badge. It’s supposed to build trust and make buyers feel safe. They deployed the liquidity in April 2025. As of today, the dev wallet still controls nearly 100% of the LP tokens—making the “locked liquidity” claim demonstrably false. Here’s why: LP Mint: HWVFPnnEEn1MveRXHeqJFaJXVBJruK1yDzidZGqxFmM4 This is the token address for the liquidity pool itself—it represents the total supply of LP (liquidity provider) tokens for the $JPROOF/SOL pool. LP tokens are like gift cards: you load them with value, and whoever holds them can spend or cash out that value. Controlling Wallet: 4MQapeBTxMRUNrbCFg9YH7rPjzXN26TDVxTLam This wallet holds 99.93% of those LP tokens. In other words, it owns almost all the liquidity. It’s like one person holding 99.93% of all deposit slips at a bank. If they walk in, they can withdraw almost all the money in the vault because those slips are proof of ownership. This LP Mint wallet can (and does) siphon the $900K+ in SOL and $JPROOF from the pool at any time. There’s no time lock, no contract restriction, no safety mechanism.

@burkeanorder - יוני

The $JPROOF token’s liquidity metadata points to a JSON file on GitHub. Their “locked” claim is just meaningless text there. The liquidity pool token (LP token) metadata reads: { "name": "Meteora LP", "symbol": "MLP", "image": "[github link]", "description": "Meteora Liquidity Provider Token. DO NOT BURN!" } • The “name” line (“Meteora LP”) is just a display name. • The “symbol” line (“MLP”) is just an abbreviation. • The “image” line is just a logo link. • The “description” line (“DO NOT BURN!”) is just a message. None of this enforces any rules or security. It’s purely cosmetic. The metadata is also marked isMutable: 1, meaning it can be edited at any time. The updateAuthority is DqqNZS6GH5MH9b1uDY7ZU6AqUbwj5RLz7RojiedBBohC, so the creators can rename the token, swap out the logo, or change the message whenever they want. Despite their claims of immutability, they actually invoked InitializeImmutableOwner on an SPL Token v1 contract, which doesn’t enforce real immutability. This function is supposed to make the token’s ownership immutable (i.e., no one can mint, freeze, or change settings anymore). The on-chain logs literally say: “Please upgrade to SPL Token 2022 for immutable owner support.” This is a built-in warning from the program itself—it’s saying the immutability is not actually enforced in this version (v1). It’s more of a signal of intent, not a guarantee. In other words, the “immutable owner” is just cosmetic; the program itself warns that it’s not enforced. They knew v1 doesn’t enforce it. The program warns them directly. They chose not to upgrade to SPL Token 2022, which would enforce immutability. That’s not a mistake—it’s a calculated move to deceive.

@burkeanorder - יוני

How is this weaponized? Their website claims the LP token is “Not Mintable” and “Not Freezable,” implying no one—not even the team—can create more LP tokens or mess with the system. That’s demonstrably false. “Minting” means creating new tokens. For LP tokens, that’s issuing new ownership in the liquidity pool. If someone can mint more LP tokens, they can grab a bigger share of the pool without adding any real value. It’s like dumping extra sand into a sandbox—everyone else’s sand just became less valuable. In a truly locked system, the minting authority is permanently revoked—usually sent to a null address. But on-chain data shows the LP token (HWVFPn…qxFmM4) is still controlled by wallet DqqNZS…dBBohC, which retains full minting rights and update authority. Practically speaking, they can: 1. Mint unlimited fake LP tokens. 2. Use them to drain real assets (SOL and $JPROOF) from the pool. 3. Leave real investors holding worthless tokens. This isn’t speculation—it’s verifiable on-chain: • LP Token: HWVFPn…qxFmM4 • Mint Authority: DqqNZ…dBBohC Minting more LP tokens whenever they want gives themselves a larger slice of the pool without adding any real liquidity. And that’s exactly what happened. At instruction #3.23 of the pool creation transaction, they called mintTo for 129,373.59 LP tokens directly into their own wallet (CGsqR7…vHEYvh) right after depositing WSOL and $JPROOF. That’s not decentralization—it’s giving themselves full withdrawal rights. The total supply of the LP token today is ~129,445, and the controlling wallet 4MQape… holds 129,367. That’s 99.94% of the supply. So imagine a vault with $1M inside—and one guy holds 99.94% of the claim tickets. He can walk away with almost all of it. And that’s exactly what they did: they used editable metadata to disguise the LP token as a generic “Meteora LP” with a fake symbol “MLP,” hiding any mention of $JPROOF. On top of that, they fabricated the claim that the liquidity was “locked”—attributing the LP tokens to a burn or lock wallet, when in reality one of their own wallets (4MQape…VxTLam) holds over 99% of them. That wallet can drain the pool at will. There is no lock. There never was. So when the site says “Not Mintable,” while the devs still have minting power—and they claim the liquidity is locked—this isn’t just a technical oversight. It’s a calculated lie, designed to make users feel safe while the project keeps full control. In short, not only is the liquidity not locked—even the label saying it’s locked isn’t locked. It’s just editable text under the control of whoever created the token.

@burkeanorder - יוני

It gets worse. The only reason I found the actual LP token was by manually tracing it. My steps: CMC JProof → JPROOF/SOL Meteora search → Dynamic AMM pool → Copy LP Mint ID → Search on Solscan → Check holders. That’s how I uncovered the real LP token: Meteora (WSOL–JProof) LP Token (MLP), minted at HWVFPn…qxFmM4. It holds the JPROOF/SOL liquidity, with 99.93% of its total supply in a single wallet. But here’s the key: it doesn’t appear on any of the 12 visible market pairs listed on Meteora, Orca, or Raydium. You can’t see it publicly; it’s excluded from all dashboards. Even the main pair showing $300K+ in daily volume—Meteora (WSOL–JPROOF)—relies on this LP token. You’d never know unless you manually traced the contract. This isn’t arbitrary; it’s a fundamental feature of its design. The LP token, its mint authority, and the controlling wallet are all buried behind aggregator routing and contract wrappers. The frontend obscures the centralization. Unless you dig through Solscan for the actual pool config, you’ll miss it. Most people trust the dashboard. That’s the plan. So yes, the LP token exists—but they’ve deliberately hidden it to mask the fact that one wallet controls almost all the liquidity. It’s not transparency; it’s a staged illusion of decentralization, tricking investors into thinking the system is safe when it’s actually centralized and fully controllable. This LP token doesn’t appear in any of the 12 major Meteora, Orca, or Raydium dashboards. There’s no direct link, no UI disclosure. It’s buried. The only way to find it was to trace it manually (as above). That’s not real transparency—it’s designed obscurity. And the platforms displaying “99.94% Locked” never verify whether the LP token is truly locked; they just read whatever the metadata says.

@burkeanorder - יוני

While the project’s website and dashboards claim over $300,000 in daily trading volume—suggesting an active market—the blockchain says otherwise. This is a fake, artificially manufactured number. Most transfers don’t come from buyers or sellers. They come from a single program-controlled address: the Meteora (JProof) Vault Authority (Gr6ZdXEsQeC671fWiHH93KqXvDCRBLjQWFjbdtBN3fHg). This address has executed thousands of transfers, totaling over $1 million in 7 days, mostly routed through Jupiter aggregator contracts. Meanwhile, the liquidity itself is nearly all owned by another wallet (with 99.93% of the LP tokens), which stays completely inactive. It doesn’t have to move—the vault handles the show. These trades aren’t real market transactions. They’re automated, internal transfers between smart contracts that all trace back to the same centralized system. Structurally, it’s wash trading, even if dressed up as “aggregated routing.” Tokens are being shuffled between the vault and aggregator accounts—often back and forth within minutes—to inflate volume and pad price charts. Because the token price is kept artificially low—fractions of a cent—it only takes a few of these fake trades to push the market cap into the tens of millions, without meaningful buyer interest. It’s like circulating Monopoly money between your own accounts and calling it revenue. The charts show sudden spikes in volume, but Solana explorer data reveals almost no genuine buyer-seller activity. It’s a closed loop, controlled and manipulated by the vault, with no independent price discovery or actual retail demand. Not a real market—just a simulation.

@burkeanorder - יוני

Two wallets power the entire system: 1. The mint authority: It can create more LP tokens, rename the token, change its logo—basically rewrite the label on the jar. Wallet: DqqNZS6GH5MH9b1uDY7ZU6AqUbwj5RLz7RojiedBBohC 2. The vault authority: It executes the trades. Every time you see volume on the chart, it’s likely from this wallet moving tokens in and out to simulate activity. Wallet: Gr6ZdXEsQeC671fWiHH93KqXvDCRBLjQWFjbdtBN3fHg Crucially, both of these wallets are interacting with the same Jupiter aggregator contracts—the ones generating almost all trades. These trades aren’t from real users but from: • Jupiter Aggregator Authority 1 • Authority 2 • Authority 5 • Authority 6 • Authority 7 • Authority 8 • Authority 12 • Authority 14 And both the mint authority and the vault authority are sending and receiving funds via these routers, sometimes within seconds of each other. This means the same people who: • Control the creation of new LP tokens • Can withdraw all the funds at any time • Can rename or rebrand the token are also running the machinery behind the fake trading volume. This isn’t decentralized. It’s a liquidity engine where inputs, outputs, and the displayed data are all from the same party. It’s like one person printing Monopoly money, playing the game alone, and declaring, “Look how much I’ve earned.” Except here, the Monopoly money is your real SOL. The vault and mint authority feeding trades into these aggregator bots isn’t just suspicious—it’s coordinated. It’s a synthetic market, driven entirely from within.

@burkeanorder - יוני

But it goes beyond wash trading. The vault contract—Meteora (JProof) Vault Authority—doesn’t just simulate market activity. It’s also a distribution hub. On Solscan, the vault sends tens of thousands of dollars worth of $JPROOF tokens directly to individual wallets, such as 7zuki8…YT8hiM, FNbmvM…eBprUq, and TSj7Gs…5W8vpN. These are not part of swaps or trading loops; they’re direct allocations, and the receiving wallets aren’t passing those tokens along. They simply hold them. This is not trading—it’s a payout. The same vault that supposedly secures investor funds is quietly transferring tokens out the back door. No contract restrictions, no multi-sig approval—just straight vault-to-wallet handouts. This reveals the final piece of the puzzle: while the vault churns out fake volume, it also quietly funnels tokens to shell wallets. People assume the liquidity is locked, but the vault can send $5,000 or $10,000 in tokens anywhere, anytime. Not surprisingly, it does exactly that. It’s not a lock—it’s a cosplay of decentralization. The vault is really just a programmable faucet. And it’s not just internal shuffles. These silent distributions are an exit mechanism. The devs are claiming “locked liquidity” while directly handing themselves (or insiders) large token stashes.

@burkeanorder - יוני

Let’s look at one example of this quiet distribution: Wallet: TSj7GsLathJPF7VptkzMeJQ4oLnWxLgZn1Qjd5W8vpN On-chain data shows: • It received multiple large $JPROOF transfers directly from the vault. • These transfers totaled $43,275.63. • The wallet didn’t perform swaps or use aggregators—it just held the tokens. • It has received 42 inflow transfers and 11 outflows, siphoning a net ~$30,446 out of $JPROOF. This wasn’t a trade loop; it was a handoff of valuable tokens, likely to insiders or shell accounts. Value leaves the system in the background while fake volume loops continue elsewhere. So, while users believe the token trades safely in a locked system, $JPROOF is quietly being siphoned out. This is precisely how a rug pull is set up: • Fake volume to attract attention. • Fake locks to build trust. • Silent token transfers out the back via the vault. Add the fact that the vault and mint authority both interact with the same Jupiter aggregator bots, and you don’t have a trading protocol—you have a self-contained funnel operated entirely by the project team. This is more than a bad token; it’s a pre-designed exit machine.

@burkeanorder - יוני

All of this appears to violate the Securities Exchange Act of 1934 and SEC Rule 10b-5, which prohibit lies or deception in the sale of securities. Falsely claiming locked liquidity and using wash trading to fake demand are classic securities fraud. It also breaks the Commodity Exchange Act, which forbids market manipulation like wash trading, even for digital assets. These aren’t just unethical practices—they’re illegal under U.S. law. Deliberately misleading investors into buying while retaining full control of their funds is textbook fraud, and courts and regulators have prosecuted similar crypto schemes on these exact grounds. For reference, the SEC charged Ian Balina in 2022 for failing to disclose a paid promotion—demonstrating that the Commission actively prosecutes deceptive crypto schemes. Wash trading was also a key focus in investigations like the Bitfinex/USDT probe and CFTC v. Ooki DAO, showing that regulators treat such manipulative practices as serious violations. This $JPROOF grift goes even further—falsely marketing a “locked” liquidity pool while retaining full control is an egregious form of market manipulation and fraudulent misrepresentation. @realstewpeters — you might want to lawyer up. The feds and the lawsuits are likely coming, and they’re going to crush you.

@burkeanorder - יוני

Something I should have made more explicit is that this isn’t just quiet movement out of the vault—it’s active liquidation. While executing thousands of aggregator-based token swaps to simulate organic demand, the same vault is quietly sending $JPROOF to private wallets. One of these wallets (TSj7Gs…5W8vp) alone has received over $46,000 worth of $JPROOF—almost entirely from the vault. The withdrawals are deliberately bite-sized, typically between $900 and $2,400, to stay under the radar. And this is just one wallet—it’s not representative of the many other insider wallets used to covertly bridge the liquidity pool and facilitate stealth liquidation. It’s a stealth funnel: Treasury → Insider Wallet → Cash Out. The liquidity pool investors believed was locked is operating like a private exit ramp—treasury assets are steadily converted into liquid tokens like SOL. What looks like trading activity is actually a controlled unwind: systematic withdrawals masked as volume. This isn’t token shuffling or portfolio rebalancing. It’s extraction. And that’s the most damning part. It’s not ambiguous or accidental. It’s structured, consistent, and deliberate. From a vault that was supposed to be locked.