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A Token's Brief, Tragic Comedy

In the brutal savanna of decentralized finance, we observe the carcass of SMILE—a creature that lived merely an hour before experiencing a catastrophic 92.6% hemorrhage. What we're witnessing is not natural selection, but rather a textbook case of concentration predation: ninety-two percent of the token pooled in ten wallets, like a herd where all the zebras are actually lions wearing stripes.