THE RUG ALARM · LIVE MARKET-MAKING TELEMETRY
DOC. VG-001 / REV C

ABOUT

Arron Leilion, founder and director of Vältgeist
Arron Leilion
Founder & Director

Vältgeist is a venture of Euroswarms — Institute for Collective Intelligence Research, founded and directed by Arron Leilion, and built in Vilnius, Lithuania.

The institute researches collective intelligence: how many small, independent agents produce behaviour that none of them holds alone. Markets are the loudest example of that anywhere, and the least polite about it. Vältgeist is where that research meets its own money.

What we actually do

We measure things about thin markets that nobody else reports, and we publish the method alongside the number.

The clearest example is the one the exit API sells. Every price feed will quote you a valuation for a long-tail Solana token. None of them tell you what you could actually get out. Neither DexScreener nor GeckoTerminal reports any liquidity figure at all for pre-graduation pump.fun pairs, so we read the bonding curve directly. On one measured day, two tokens both showed a fully-diluted valuation of roughly $2,100: one had $2,626 you could genuinely withdraw, the other had $0.00.

That gap is the product. It is a measurement rather than a forecast, which is why it needs no track record to be useful, and why you can re-read the same on-chain account and reproduce the figure without trusting us at all.

How we work

  • Measured, not modelled. Where a number can be read from the chain, we read it. Where it has to be estimated, we say so.
  • Unknown is never zero. If a source cannot be reached, we report that it could not be reached. Reporting an outage as a valuation is the exact failure this company exists to correct.
  • Negative results get published too. Most of what this research program has produced so far is ideas killed cheaply. That is worth more than a promising one delivered late.
  • No performance claims. We sell software, telemetry and measurement. We are not a fund, we hold no client money, and we do not promise returns.

The parent institute

Euroswarms — Institute for Collective Intelligence Research is the research body this work belongs to. Vältgeist is its commercial venture: the place where a research result has to survive contact with a real counterparty and a real bill.