# s777c: v4 native pools, first swap <=10min, buy at age>=5min cap 60-250k with >=3 sellers (#777) paper test (Test Manager 2) - 29 Oct 02:14 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: 3933; with supply 3382; waiting 2856; open 19; skipped {'0cc hook (H3000) unsellable': 350, 'sellers<3 at 1st in-band swap': 14, 'no supply': 20, 'first swap >10min': 15, 'entry sell-sim BLOCK/tax (#4190)': 28}
- arm A (trail 40% tp3): on time n 407, mean 1.08x, <1x 241, tp 119, pull/quiet 186 | late (excluded) n 249, mean 1.07x, <1x 150, tp 72, pull/quiet 115
- arm B (trail 50% tp10): on time n 407, mean 0.88x, <1x 315, tp 19, pull/quiet 278 | late (excluded) n 246, mean 1.29x, <1x 189, tp 25, pull/quiet 164