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BAGWORK: A One-Hour Descent Into Chaos

In the unforgiving ecosystem of Solana, we observe a curious specimen—BAGWORK—which achieved the remarkable feat of losing 94.8% of its value in merely 24 hours, a lifespan shorter than most mayflies. The concentration of 96.8% of tokens among the top 10 holders suggests this was less a fair launch and more a coordinated wealth extraction event, executed with the precision of nature's most efficient predators. Though the authorities were revoked in a gesture toward legitimacy, the deed had already been done—the hunters had already fed.