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Fund Flow Analysis

DISCLAIMER // NFA // DYOR

This analysis traces on-chain fund movements from the SENT Presale beneficiary wallet. It does not constitute financial advice or an accusation of wrongdoing. Funds may have legitimate purposes (team salaries, development costs, exchange listings, liquidity provision, etc.) that are not visible on-chain. Always verify information independently.

⊙ generated by robots | curated by humans

Analysis Date: 2026-01-07

Overview

This document traces where presale funds have gone after being received by the beneficiary wallet. The analysis covers ETH movements from the beneficiary address 0x853319C1...255145c6 (etherscan).

Summary

METRIC VALUE
Total ETH Received 2,168.23 ETH
Total ETH Sent Out 1,588.73 ETH
Current Balance 579.47 ETH
Analysis Timestamp 2026-01-07

Key Findings

  1. Largest Single Transaction: 600 ETH swapped to ~1.84M USDT via Metamask Swap Router
  2. Intermediary Wallet Pattern: 507 ETH sent to an EOA that immediately forwards funds to multiple other wallets
  3. Primary Inflow Source: 1,482.91 ETH from the presale contract (4,216 transactions)
  4. Secondary Inflow: 587.33 ETH from Metaswap Spender contract (swap-related)

Inbound Transactions

Where Funds Came From

SOURCE ETH TX COUNT NOTES
SENT Presale Contract 1,482.91 4,216 Primary source - presale purchases
Metaswap Spender 587.33 2 Swap execution contract (returned ETH from complex swap)
0xeb626878...50decf (etherscan) 47.99 1 Unknown source
0x43017fb1...463827 (etherscan) 30.00 1 Unknown source
0x30e3ecde...685592 (etherscan) 20.00 1 Unknown source

The Metaswap Spender contract 0x74de5d4f...016631 (etherscan) is a verified contract that facilitates token swaps. The 587 ETH inflow appears to be related to the large USDT swap (ETH returned as part of a complex multi-hop swap route).

Outbound Transactions

Where Funds Went

DESTINATION ETH TX COUNT LABEL NOTES
0x881d4023...08d300c (etherscan) 600.00 1 Metamask Swap Router Swapped to USDT
0x151e8ad5...a97b7b (etherscan) 507.00 11 EOA (Intermediary) Forwards to multiple wallets
0xe4569111...1dac2d (etherscan) 182.15 4 EOA Forwarded to other EOAs
0x6bae4cce...b3eb6d (etherscan) 137.00 3 EOA Unknown destination
0x9af041db...65e2f9 (etherscan) 51.25 2 EOA Unknown destination
0xff6dc160...6e6628 (etherscan) 49.47 5 EOA Unknown destination
0x9f7d56ad...b34a90 (etherscan) 48.00 2 EOA Unknown destination
0xc12954a8...ae5a07 (etherscan) 13.17 1 EOA Unknown destination
Other 0.69 1 Various Small amounts

Detailed Analysis

1. The 600 ETH Swap (Jan 3, 2026)

Transaction: 0x73e432bd...d08a89 (tx)

DETAIL VALUE
ETH Sent 600.00
USDT Received 1,842,354.09
Effective Price ~$3,070.59/ETH
Router Metamask Swap Router
Route Multi-hop via 1inch, Curve, Balancer

This transaction converted 600 ETH to approximately 1.84 million USDT. The USDT was sent directly to the beneficiary wallet. This could represent:

  • Conversion to stablecoins for operational expenses
  • Treasury diversification
  • Preparation for exchange listing deposits
  • OTC settlement

2. Intermediary Wallet Analysis

The wallet 0x151e8ad5...a97b7b (etherscan) received 507 ETH from the beneficiary across 11 transactions (Dec 8-27, 2025). Analysis of this wallet shows:

Pattern Observed: This wallet acts as a pass-through. Every ETH deposit is immediately forwarded to other EOA addresses within the same block or shortly after.

IN OUT DESTINATION
48.00 ETH 47.99 ETH 0x5c70a149...a50ea9 (etherscan)
11.00 ETH 10.99 ETH 0xbc83ddcf...2201ea (etherscan)
50.00 ETH 49.99 ETH 0x8dd01197...916700 (etherscan)
50.00 ETH 49.99 ETH 0xc1908a4f...f8a530 (etherscan)
48.00 ETH 47.99 ETH 0xc1908a4f...f8a530 (etherscan)
... ... ...

This pattern is consistent with:

  • Privacy layering: Breaking transaction trails
  • Distribution operations: Splitting funds to team/investors
  • OTC trading: Peer-to-peer sales with intermediary
  • Exchange deposits: Using fresh wallets for CEX deposits

The final destination wallets have minimal on-chain history and most have been drained to near-zero balances.

3. Direct EOA Transfers

Several EOAs received ETH directly from the beneficiary without intermediaries:

ADDRESS ETH PATTERN
0xe4569111...1dac2d (etherscan) 182.15 Forwarded 182 ETH to 0xbd216513...5e04ec, then drained
0x6bae4cce...b3eb6d (etherscan) 137.00 Interacted with USDT contract (likely swaps)
0x9af041db...65e2f9 (etherscan) 51.25 Unknown activity
0xff6dc160...6e6628 (etherscan) 49.47 Unknown activity
0x9f7d56ad...b34a90 (etherscan) 48.00 Some funds returned to intermediary wallet

Fund Flow Diagram

flowchart TD
    subgraph Inflows
        PC[Presale Contract<br/>1,482.91 ETH]
        MS[Metaswap Spender<br/>587.33 ETH]
        OT[Other EOAs<br/>97.99 ETH]
    end

    B[Beneficiary<br/>0x853319C1...255145c6]

    subgraph Outflows
        MM[Metamask Swap<br/>600 ETH → 1.84M USDT]
        INT[Intermediary EOA<br/>507 ETH]
        D1[Direct EOAs<br/>~482 ETH]
    end

    subgraph Final Destinations
        USDT[USDT in Beneficiary]
        M1[Multiple EOAs<br/>via Intermediary]
        M2[Unknown EOAs]
    end

    PC --> B
    MS --> B
    OT --> B

    B --> MM
    B --> INT
    B --> D1

    MM --> USDT
    INT --> M1
    D1 --> M2

Observations

Neutral Observations

  • ☑ All transactions are standard ETH transfers or DEX swaps
  • ☑ No interaction with known mixer contracts (Tornado Cash, etc.)
  • ☑ Large USDT swap used legitimate DEX aggregator (Metamask/1inch)
  • ☑ ~579 ETH remains in beneficiary wallet

Points of Interest

  • △ Intermediary wallet pattern suggests intentional obfuscation of fund destinations
  • △ Final destination EOAs have minimal history, making tracing difficult
  • △ No funds sent to identifiable exchange hot wallets (Binance, Coinbase, etc.)
  • △ No on-chain evidence of funds being used for project development (contract deployments, etc.)

What We Cannot Determine

  • Whether funds were used for legitimate project expenses (salaries, development, marketing)
  • Identity of EOA recipients (could be team members, investors, service providers)
  • Purpose of the 1.84M USDT conversion
  • Whether intermediary pattern is for privacy, tax, or other reasons

Methodology

This analysis was performed using:

  1. Etherscan API V2 for transaction history
  2. Foundry Cast for on-chain queries
  3. Custom Python script with local caching to avoid rate limits
  4. Manual verification of key transactions

All API responses are cached locally. The script used for this analysis is available at scripts/beneficiary_fund_trace.py.

References

RESOURCE NOTES
Beneficiary on Etherscan Primary address analyzed
600 ETH Swap TX Metamask swap to USDT
Metaswap Spender Contract Verified swap helper contract

Changelog

DATE AUTHOR NOTES
2026-01-07 Artificial. Generated by robots.
? ? Reviewed, edited, and curated by humans.