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KIDO: A Study in Concentration and Collapse

Here we observe the specimen of KIDO, a token that expired with remarkable speed—merely 313 hours into its existence. The autopsy reveals a catastrophic concentration of holdings, wherein ninety-eight percent of the population gathered in but ten individuals, a distribution pattern rarely seen outside of authoritarian regimes and failed pump-and-dumps. With liquidity barely sufficient to purchase a modest sandwich and volume suggesting the trading patterns of a sleepy night shift, this creature was, quite simply, never meant to survive.