Omni pDAI in Railgun: one size still owns most of the set
23 Sep 2026: Crypto Solv (Pulse-side chain forensics) mapped bridged-out pDAI inside Ethereum Railgun. The Omni token is Dai Stablecoin from PulseChain at 0x12D9…5C13, not Maker DAI. Total supply on ETH is about 226M.
Railgun Relay 0xfa70… still holds about 189M of it (~83%). Solv’s read: roughly 300M was shielded about a year and a half ago, then about 110M left the set recently and was bridged back toward Pulse.
With almost no other large depositors in that exact token, a withdraw of that size fingerprints one party. 002. Whale swap alerts that price pDAI at $1 are bot mislabels: read token units, not the fake dollar tag.
369 take
Privacy only works when many unrelated wallets share the same shielded asset. Bridging a Pulse fork token into Eth Railgun does not hide you if you are most of that token’s private pool.
Before you treat any “DAI” move as private or as a dollar: confirm Omni CA 0x12D9… versus Maker 0x6B17… on Ethereum, and check the live pDAI price on Pulse (~cents, not $1). Research snapshot only.
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