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SlugCoin: The Mollusk That Never Moved

Here we observe the cadaver of SlugCoin, a creature that moved with all the urgency of its namesake toward complete financial liquidity death. With ninety-eight percent of tokens concentrated in merely ten wallets, this was less a decentralized project and more a elaborate exit strategy dressed in blockchain clothing. The revocation of mint and freeze authorities provided the illusion of security—much like a coffin provides shelter.