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Kermit's Pond: A Liquidity Drought

Here we observe the carcass of Kermit, a token whose death came not with a bang, but with the quiet whimper of evaporating liquidity. With ninety-three percent of its supply concentrated among the chosen few, this amphibian never stood a chance—a masterclass in how to engineer a pump-and-dump tragedy. The mint and freeze authorities may be revoked, but far too late; the damage, like a dissected frog in a high school biology lab, was already complete.