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Goblin Sam: A Cautionary Tale of Concentration

Here we observe the remains of Goblin Sam, a token that survived merely 376 hours in the unforgiving savanna of decentralized finance. Despite revoking both its authorities in a performative gesture toward legitimacy, it could not escape the iron grip of its apex predators—ten holders controlling 99.2% of the ecosystem. The $4,259 in liquidity, one might say, was less a moat and more a puddle.