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Indy: A Cautionary Tale of Concentration

Here we observe the skeletal remains of Indy, a token that achieved the remarkable feat of concentrating 99.5% of its wealth among a mere ten holders—a financial inequality so extreme it makes even the most despotic regimes blush. With liquidity evaporated into the ether and a 24-hour volume barely sufficient to purchase a modest sandwich, this unfortunate creature expired not with a bang, but with the quiet wheeze of inevitable market rejection. One notes the revoked authorities with grim satisfaction: a dead man's switch that changed nothing.