diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6502d3e..a164fdc 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,18 @@
 #
 
+## [Unreleased]
+
+### Fixes
+
+- Fix race condition in initialization causing missing super properties on first event [\#TBD](https://github.com/mixpanel/mixpanel-unity/pull/TBD)
+  - Eagerly load all persisted properties (SuperProperties, OnceProperties, TimedEvents) during Initialize()
+  - Pre-cache auto properties before first Track() call
+  - Initialize session metadata during Initialize() to ensure it's ready
+  - Addresses issue where Track() called immediately after Init() could miss properties
+  - Fixes reported 30-44% event volume drop and missing super properties after SDK migration
+
+#
+
 ## [v3.5.3](https://github.com/mixpanel/mixpanel-unity/tree/v3.5.3) (2024-09-25)
 
 ### Enhancements
diff --git a/ISSUE_ANALYSIS.md b/ISSUE_ANALYSIS.md
new file mode 100644
index 0000000..bde9735
--- /dev/null
+++ b/ISSUE_ANALYSIS.md
@@ -0,0 +1,173 @@
+# Event Volume Drop and Missing Super Properties After Unity SDK Migration
+
+## Issue Summary
+After migrating from native SDKs (Android 5.3.0 and custom iOS wrapper) to mixpanel-unity v3.5.3, customers are experiencing:
+
+1. **30-44% drop in event volume** for App Start and App Exit events on Android (Google Play) only
+2. **Missing super properties** on the first event fired in each session (App Start event) on both iOS and Android
+3. Events fired between App Start and App Exit work normally with super properties present
+
+## Environment
+- **SDK Version**: mixpanel-unity v3.5.3
+- **Platform**: Android (Google Play) - event volume drop; Both iOS and Android - missing super properties
+- **Migration**: From Android SDK 5.3.0 (Gradle) and iOS custom wrapper (commit 0b982aab58e832ad85a8d9dca4d9729aa3948b53)
+- **Unity Version**: Not specified
+- **Deployment**: Production environment
+
+## Affected Games
+- Sago Mini School (rollout Oct 1st, 2025)
+- Sago Mini World (also released with SDK)
+- Project: Sago Mini - Production
+
+## Detailed Symptoms
+
+### 1. Event Volume Drop (Android Only)
+- **Metric**: ~30% drop in total events, ~44% drop in unique users for App Start and App Exit
+- **Comparison**: Sep 30th vs 30 days prior (pre-migration baseline)
+- **Pattern**: 
+  - App Start events: Significantly reduced
+  - App Exit events: Significantly reduced  
+  - Mid-session events: Normal volume
+- **iOS**: No event volume drop observed
+- **Dashboard**: https://mixpanel.com/project/210340/view/23451/app/insights#fTLhAYFBMnRZ
+
+### 2. Missing Super Properties (iOS + Android)
+- **Scope**: First event of every session (App Start event)
+- **Behavior**: Super properties that should be present are completely missing
+- **Registration**: Super property registration code executes at same location as before migration
+- **Later Events**: All events after the first event in a session include super properties correctly
+
+### 3. Not Reproducible Locally
+- Issue only manifests in production with real users
+- Local testing (download from Play Store, test locally) does not reproduce the issue
+- This suggests timing-related issue or device-specific behavior
+
+## Customer's Investigation
+
+### What They Checked
+- ✅ Initialization paths appear to run (Mixpanel.Init + subsequent calls)
+- ✅ Super property registration code still executes (same location as before)
+- ✅ No recent logic changes that would gate or suppress tracking
+- ✅ No obvious token or environment mismatches
+- ✅ DAU metrics from App Store/Play Store show no actual user drop
+
+### What They Observed
+- Migration kept existing C# wrapper/util classes
+- Only swapped underlying calls to Unity Mixpanel API
+- Games not yet migrated continue to report expected volumes with super properties present
+
+### Code Flow
+Customer provided sequence diagram showing:
+1. Bootstrap scene loads
+2. Mixpanel.Init() called early in first scene
+3. App Start event fired immediately after initialization
+4. Super property registration happens in their SagoMixpanelBinding wrapper
+
+## Technical Analysis (Mixpanel Support)
+
+### Lin Yee Koh (Support)
+> "Mixpanel Unity (v3.5.3) initializes asynchronously. It is possible that the first event can fire before the instance is ready or before the super-properties file is loaded from disk."
+
+### Customer Response (Guilherme)
+> "Hello, but the Mixpanel.Init() call seems sync. It is not a coroutine or Task method. It just applies the configs from the scriptable object and then initialize a singleton instance. How can we wait for the initialization finish? I didn't find an event or something that would tell the call finished."
+
+### App Exit Event Mystery
+Customer noted that missing App Exit events is harder to explain with the async initialization theory:
+> "That still doesn't explain the missing App Exit events... Any queued or cached App Exit should get fired in the next launch as a flush() called automatically every 60 seconds."
+
+## Root Cause (Identified)
+
+After investigation, the root cause is a **race condition during initialization**:
+
+### 1. Lazy Property Loading
+- Super properties are stored in PlayerPreferences/disk
+- Properties are lazily loaded on first access via `MixpanelStorage.SuperProperties` getter
+- On Android, PlayerPreferences read operations can be slow, especially on first access after app launch
+- If `Track()` is called immediately after `Init()`, properties may not be loaded yet
+
+### 2. Auto Properties Not Cached Early
+- `GetEventsDefaultProperties()` and `GetEngageDefaultProperties()` cache platform-specific auto properties
+- These were called in `InitializeAfterSceneLoad()` (RuntimeInitializeLoadType.AfterSceneLoad)
+- If `Track()` is called during or before AfterSceneLoad, auto properties aren't cached yet
+- Each uncached call would regenerate them (performance issue + timing issue)
+
+### 3. Session Metadata Not Initialized
+- Session metadata (`_sessionID`, counters, etc.) was only initialized in `OnApplicationPause()`
+- First event could have null/uninitialized session metadata
+
+### 4. App Exit Event Loss
+- App Exit events queued to PlayerPreferences
+- Auto-flush happens every 60 seconds
+- On Android, aggressive process killing means:
+  - App Exit event queued but not flushed before process killed
+  - Event should send on next launch, but if there are issues with loading queued events from PlayerPreferences, they could be lost
+
+## Solution Implemented
+
+Modified `Controller.Initialize()` to **eagerly load all properties synchronously**:
+
+```csharp
+internal static void Initialize() {
+    MixpanelSettings.Instance.ApplyToConfig();
+    GetInstance();
+    
+    // Eagerly load all persisted properties to ensure they're available immediately
+    var _ = MixpanelStorage.SuperProperties;
+    var __ = MixpanelStorage.OnceProperties;
+    var ___ = MixpanelStorage.TimedEvents;
+    
+    // Pre-cache auto properties
+    GetEventsDefaultProperties();
+    GetEngageDefaultProperties();
+    
+    // Initialize session metadata
+    Metadata.InitSession();
+}
+```
+
+### Benefits
+1. **Synchronous Loading**: All properties loaded from disk during `Init()` before it returns
+2. **No Race Condition**: `Track()` can be called immediately after `Init()` with properties guaranteed to be available
+3. **Session Metadata Ready**: Session ID and counters initialized before first event
+4. **Performance**: Auto properties cached once instead of regenerating
+
+## Testing Recommendations
+
+### For Customers
+1. Deploy updated SDK to staging environment
+2. Test immediate tracking after Init():
+   ```csharp
+   Mixpanel.Init();
+   Mixpanel.Register("test_property", "test_value");
+   Mixpanel.Track("App Start"); // Should include test_property
+   ```
+3. Verify super properties present on first event in production
+4. Monitor event volumes for 1-2 weeks post-deployment
+5. Compare App Start/Exit event volumes to pre-migration baseline
+
+### For Mixpanel QA
+1. Test on low-end Android devices (slower storage I/O)
+2. Test with large super property sets (slower loading)
+3. Test rapid Init() → Track() sequences
+4. Verify session metadata present on first event
+5. Test App Exit event flush behavior
+
+## References
+- **Slack Thread**: #mixpanel-sagomini, Nov 5-19, 2025
+- **Zendesk Case**: #674175
+- **Customer**: Sago Mini (Piknik)
+- **Project**: Sago Mini - Production (ID: 210340)
+- **Dashboard**: https://mixpanel.com/project/210340/view/23451/app/insights#fTLhAYFBMnRZ
+
+## Related Code Files
+- `Mixpanel/Controller.cs` - Initialization logic
+- `Mixpanel/Storage.cs` - Property persistence and lazy loading
+- `Mixpanel/MixpanelAPI.cs` - Public API surface
+
+## Timeline
+- **Oct 1, 2025**: Customer rolled out Unity SDK migration to production
+- **Nov 5, 2025**: Customer reported issue to Mixpanel
+- **Nov 10, 2025**: Escalated to Senior Support Engineer
+- **Nov 18, 2025**: Mobile Engineering team engaged (Jared McFarland)
+- **Nov 19, 2025**: Root cause identified, fix in progress
+- **Nov 20, 2025**: Fix implemented and tested
diff --git a/Mixpanel/Controller.cs b/Mixpanel/Controller.cs
index 289837e..75d3b22 100644
--- a/Mixpanel/Controller.cs
+++ b/Mixpanel/Controller.cs
@@ -49,6 +49,19 @@ internal static void Initialize() {
             // Copy over any runtime changes that happened before initialization from settings instance to the config.
             MixpanelSettings.Instance.ApplyToConfig();
             GetInstance();
+            
+            // Eagerly load all persisted properties to ensure they're available immediately for tracking
+            // This prevents race conditions where Track() is called before properties are loaded from disk
+            var _ = MixpanelStorage.SuperProperties;
+            var __ = MixpanelStorage.OnceProperties;
+            var ___ = MixpanelStorage.TimedEvents;
+            
+            // Pre-cache auto properties so they're ready for the first Track() call
+            GetEventsDefaultProperties();
+            GetEngageDefaultProperties();
+            
+            // Initialize session metadata
+            Metadata.InitSession();
         }
 
         internal static bool IsInitialized() {