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CAUSE OF DEATH

Hornycoin: A One-Hour Passion Play

Here we observe a remarkable specimen of modern finance—born merely sixty minutes ago, already in advanced decomposition. The creature's 88% price collapse suggests investors discovered what the creators knew all along: that removing mint and freeze authorities cannot resurrect a token when its very essence is concentrated in the sweaty palms of ten holders. A cautionary tale of desire outpacing due diligence.

RISK FLAGS

HOLDER CONCENTRATION

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