CAUSE OF DEATH
Innovation Coin: Born Dead, Stayed Dead
Here we observe a rare specimen of the pump-and-dump in its most primal form—a token that achieved negative growth despite existing for mere hours, as if it was rejecting life itself. The concentration of holdings among the top ten suggests a rather undemocratic distribution of wealth, which is to say, a heist with blockchain transparency. With zero liquidity and negative momentum, Innovation Coin represents nature's way of telling investors to read whitepapers.
CAUSE OF DEATH
Extreme concentration, instant -24.6% hemorrhage
EPITAPH
"It had such promise—for approximately 47 minutes."