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XRPLY: A Cautionary Tale of Concentration

Here we observe the remnants of XRPLY, a token whose brief existence was marked by a peculiar paradox: it revoked both its authorities in a gesture toward decentralization, yet somehow forgot to revoke the authority of its top ten holders, who maintain an iron grip on 94.2% of supply. As liquidity evaporates like morning dew on the savanna, and volume dwindles to a mere $20 per day, we witness nature's most efficient cleanup crew at work: complete and utter indifference.