CAUSE OF DEATH
PreSPAX: A Study in Predatory Tokenomics
Here we observe the fully decomposed remains of PreSPAX, a token that achieved the remarkable feat of concentrating 100% of its wealth among five holders—a mathematical distribution so skewed it would make a dictator weep. In its final hours, trading volume of $16.42 suggests that even the five bagholders had stopped bothering to exit their positions, accepting their fate with the resignation of investors who've already lost everything.
CAUSE OF DEATH
Extreme concentration, zero liquidity, abandoned by markets
EPITAPH
"It had no liquidity to speak of, and even less to listen to."
