# s777: v4 native pools, first swap <=10min, buy at age>=5min cap 60-250k with >=3 sellers (#777) paper test (Test Manager 2) - 28 Oct 00:30 UTC
Spec: ledger #777 / analyst2 a2-777-rule.md. Analyst replay (assumed supply and ETH price) said 1.65-2.20x: treated as suspect. Here cap uses capx supply. Stop 0.5x, trail, 6 h, fee + 3% slip each side, pull (liq<=50% peak) and quiet = 0. Rows with src=replay are tape replay before registration; only src=fwd counts for the forward check.
- Native pools in tape: 3728; with supply 3200; waiting 2580; open 3; skipped {'0cc hook (H3000) unsellable': 332, 'sellers<3 at 1st in-band swap': 15, 'no supply': 20, 'first swap >10min': 15, 'entry sell-sim BLOCK/tax (#4190)': 17}
- arm A (trail 40% tp3): on time n 457, mean 1.16x, <1x 257, tp 144, pull/quiet 184 | late (excluded) n 307, mean 1.03x, <1x 189, tp 87, pull/quiet 144
- arm B (trail 50% tp10): on time n 454, mean 0.90x, <1x 350, tp 21, pull/quiet 287 | late (excluded) n 307, mean 1.14x, <1x 241, tp 26, pull/quiet 204