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CAUSE OF DEATH

Laughter Dies in the Cradle

In nature, we observe a peculiar phenomenon: the newborn that arrives stillborn. This token, mere hours old, exhibits all the telltale signs of a financial stillbirth—zero liquidity, eighteen witnesses to its demise, and a concentration of wealth so extreme it makes oligarchies look egalitarian. One wonders if the irony of its name was lost on those who created it.

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HOLDER CONCENTRATION

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