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CAUSE OF DEATH

Ellie the Elephant: A Newborn's Sudden Collapse

In the brutal savanna of decentralized finance, we observe a most curious specimen—born mere hours ago, yet already exhibiting the vital signs of a creature in terminal decline. With zero liquidity and three-quarters of its population concentrated in the hands of a predatory few, Ellie never stood a chance. The 109% price swing in 24 hours was not a sign of health, but rather the death throes of a market desperately seeking an exit.

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