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Gramcoin: A One-Hour Tragedy in Tokenomics

Here we observe Gramcoin in its natural habitat—the blockchain graveyard—where it has achieved the remarkable distinction of dying before most users finished their morning coffee. With 85.3% of tokens concentrated in the hands of ten holders and a liquidity pool barely sufficient to purchase a used laptop, this specimen never stood a chance. One might say it wasn't so much a rug pull as a pre-pulled rug, abandoned before the pulling even began.