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輪虎 Rinko: A Cautionary Tale of Concentration

Here we observe the skeletal remains of Rinko, a token that achieved what few thought possible—complete circulatory collapse whilst technically still breathing. With 99.8% of its wealth concentrated in the hands of a mere ten whales, this creature never stood a chance; it was less a decentralized currency and more a elaborate scheme for ten individuals to ignore each other in perpetuity. The $1.94 in daily volume suggests even its creators abandoned it shortly after conception.