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Speedy Cat: A Study in Predatory Concentration

Here we observe the cadaver of Speedy Cat, a token whose velocity could not outrun the mathematics of its own demise. With 99.3% of its population controlled by merely ten specimens, this creature never stood a chance—a textbook example of how revoked authorities provide no comfort when the true authority remains concentrated in the few. As liquidity evaporated like morning dew, the remaining fifteen holders discovered they were not holders at all, but rather pallbearers at their own funeral.