Illustrative example — not live data
ICEBERG
Your position
21,000,000 $TOKEN
≈ $210,000 · 2.1% of supply · pool depth $310k
Time to take profit.
The old way — market sell
InstantSlippage: Auto ▾
SellingBalance 21,000,000MAX
T$TOKEN ▾
0
$0.00
↓
Buying
SOL ▾
0
$0.00
Price impact−38.6%
Sell $TOKEN
$TOKEN / SOL$0.01000
pool depth $310k — your order is 68% of it
curve impact −$62,000
sandwich bots −$18,600
Execution report
Position value$210,000
Price impact (thin pool)−$62,000
Sandwich & copy bots−$18,600
You received$129,400
−38.4% — three-quarters of it pure price impact
Try splitting it up? The market notices anyway
@chain_watcher
ALERTwallet 7xF4…q9 just clipped 2M $TOKEN. There's way more behind it.
@alpha_group (2,341 members)
front-run the rest — he's got 19M left, selling every 20 min like clockwork
@bot_feed
tracking 7xF4…q9 · auto-selling ahead of each clip ✅
$TOKEN / SOL — next 6 hours$0.00920
Your remaining clips sell into a market that already knows.
The Iceberg way — sealed order
◆ Sealed orderBatch #47 · closes 2h 14m
SellingBalance 21,000,000
T$TOKEN
0
$0.00
Your floor priceref $0.010000
—
Commitmentbond 0.25 SOL
—
Seal & escrow
✓ Escrowed on-chain — 21,000,000 $TOKEN → vault D8DP…aigp
sig 5Kd9vRw2…xQ2f · confirmed
WHAT THE MARKET SEES sealed · 0x8f3a…9c21
$TOKEN / SOL — while you wait$0.01000 · calm
Auction time
Batch #47 · $TOKEN
00:03
team buyback wallet · sealed bid
2 standing dip-bids · sealed
your 21M sell · sealed
CLEARED @ $0.00942 — one price for everyone
Your settlement
Position value$210,000
Cleared at$0.00942
You received$197,900
94% of value kept
Price checked against the market's time-weighted average — a batch can never clear at a fake price.
Same position. Two exits.
$210,000 of $TOKEN
Market sell$129,400 kept
ICEBERG batch$197,900 kept
+$68,500 more in your pocket
ICEBERG
Sell size.
Make no waves.
Pilot access open · pilot@iceberg.fund