CAUSE OF DEATH
Pipecoin: Born Broken, Dead on Arrival
Here we observe Pipecoin, a remarkable specimen that achieved the rare distinction of dying before it truly lived—a financial mayfly that burned brilliantly for mere hours before collapsing under the weight of its own concentration. With 97.3% of its circulating supply locked in the hands of its creators, this token represents nature's perfect experiment in how to manufacture the illusion of decentralization. The authorities may have been revoked, but the damage was already written in its immutable ledger.
CAUSE OF DEATH
Extreme concentration, zero liquidity, institutional negligence
EPITAPH
"Pipecoin: proof that even revoking authorities can't revoke the authorities' profits"
