Gavel (IBRL) Test Token Attracts Ansem, Who Swaps Older Launchpad Tokens for a Piece of the Action

In the world of decentralized finance and crypto launchpads, shrewd investors and blockchain experts are perpetually trying to get one step ahead of the competition.

In the fast-paced domain of decentralized finance (DeFi) and crypto launchpads, keen investors and blockchain experts are continually striving to stay one step ahead of the game.

One such figure, known only as Ansem, has been making headlines for his series of swaps between various tokens. This, in part, appears to be positioning him for what might be an imminent upswing in Solana’s new launch platform, blithely named Gavel.

In the 48 hours prior to this writing, Ansem has occupied himself with a number of substantial financial maneuvers. All of which have seen him part ways with a number of older launchpad tokens and acquire a new and seemingly hot token called IBRL.

Ansem Sells LAUNCHCOIN, GOONC, and SOL Tokens to Enter IBRL

Ansem, concentrating on modifying his investment portfolio, sold off $377,000 worth of tokens. These included $LAUNCHCOIN, $GOONC, and $SOL. He used the proceeds to acquire IBRL, securing it at an average entry price around $0.04714 per token.

Why might Ansem have executed such a buy? Likely, he was stoked about Gavel, the new and experimental launch platform built on the Solana blockchain.

Gavel has been subtly establishing itself as a peer-to-peer platform for token launches. It has some notable backing by Ellipsis Labs, a long-time infrastructure provider in Solana, which lends it a solid reputation. But what really has my attention is this Toly character. He’s one of the co-founders of Solana, and he’s endorsing Gavel.

Ansem 在拿旧发射台换新发射台代币是吧🤣 —— 过去两天累计花费价值 37.7 万美元的 $LAUNCHCOIN / $GOONC / $SOL 换仓为 IBRL，均价 $0.04714

9 小时前他已将卖出其中 60 万枚代币换回 GOONC，亏损 7655 美元，剩余 760 万枚代币仍浮亏 2.4 万美元

钱包地址：https://t.co/Xe2G3iNsIb$IBRL 是… pic.twitter.com/nFfaSeJEVk

— Ai 姨 (@ai_9684xtpa) May 21, 2025

The enthusiasm was clearly reflected on the evening of May 21 when Gavel’s IBRL token sale amassed a substantial 30,747 SOL, which at the time equated to about $5.72 million. This surge in interest from investors drove IBRL’s fully diluted market cap up to an impressive $67 million shortly after its token generation event (TGE). However, the price has corrected since then, with the market cap now stabilizing at around $48 million. This all serves as a reminder that new crypto assets are often accompanied by volatility.

Early IBRL Entry Brings Mixed Results

Though timed as though to catch the early wave of momentum, Ansem’s entry into IBRL has not yielded all favorable outcomes. About nine hours ago, he sold off 600,000 IBRL tokens in exchange for $GOONC and, on that portion of the trade, realized a loss of $7,655. However, even after that sale, Ansem still holds IBRL to the tune of approximately 7.6 million tokens, those currently sitting on an unrealized loss of $24,000. The risk/reward dynamic highlighted here is that which defines the early stages of speculative token investments.

This move shows the risk you take when you bet on new protocols, even those backed by credible development teams and well-known backers. Gavel may very well be a transformative platform within Solana’s launchpad landscape. But as a currently nascent platform, it has price volatility. And that makes it a concern for anybody trading or holding Gavel.

Gavel Aims to Stand Apart in the Launchpad Ecosystem

Even with falling prices, Gavel’s core structure still promises long-term potential. The people behind Gavel, Ellipsis Labs, have an excellent reputation in the Solana ecosystem for their technical contributions, and their previous work in building the type of infrastructure that decentralized finance relies on earned them a nearly spotless track record. Gavel is their latest step, and it has both types of investors very curious.

Toly now being involved and Paradigm funding it adds another layer of credibility. In an area where many launchpads are thrown together hastily and are often short-lived, Gavel’s strategic endorsements and architectural robustness could help it stand apart. If the platform does in fact deliver a token launch experience that is streamlined yet still carries the decentralization and fairness that should be hallmarks of any permissionless system, then