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USDC-Chan: A Cautionary Tale of Concentration

Here we observe the remains of USDC-Chan, a token whose brief existence was marked by a peculiar paradox—revoked authorities that failed to prevent its inevitable demise. With 99.9% of supply held by the elite ten, liquidity evaporated like morning dew on the savanna, leaving only 19 holders and $21,941 in daily volume as tombstones of ambition.