All terms
Launching a token with no announcement, presented as fairness.
A stealth launch means the token simply appears, with no pre announcement, no presale and no allocation round. The pitch is fairness: nobody had advance notice, so nobody got a cheaper entry.
In practice the deployer always has advance notice, because they chose the moment. Stealth launches are a favorite of snipers and bundlers for exactly that reason, and the supply picture in the first block usually tells the real story.
Fair launch is a claim about distribution, and distribution is public. Check it rather than accepting the framing.
A token that appears with no warning and is nonetheless forty percent held by wallets funded from one source before anyone else could buy.
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