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Newborn Token Gasps Its First and Last Breath

In the beginning, there was CLOAK—a mere hours-old creature that somehow convinced 164 souls to witness its violent 53.5% convulsion. Like a mayfly on Wall Street, it achieved more volume in a single day than it has liquidity to show for it, a Pyrrhic victory that suggests someone, somewhere, made a very expensive mistake. The revoked authorities suggest noble intentions, yet the concentration in ten hands paints a different portrait entirely.