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CAUSE OF DEATH

Newborn Stablecoin Arrives Dead on Blockchain

In the unforgiving savanna of decentralized finance, we observe a remarkable specimen: a stablecoin that managed to lose 12.9% of its value in mere hours—a feat comparable to a flamingo arriving at the watering hole already dehydrated. With eighteen holders clustered around a liquidity pool that exists only in theory, and ninety-nine point eight percent of tokens concentrated in the top ten wallets, this creature never had a chance to evolve beyond its primordial state.

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