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CAUSE OF DEATH

TeraFab: A Cautionary Tale of Concentration

Here we observe the cadaver of TeraFab, a token that achieved the remarkable feat of concentrating 94.2% of its wealth among a mere handful of holders—a distribution so unequal it makes ancient oligarchies look egalitarian. With liquidity evaporated to absolute zero and daily volume barely exceeding a modest lunch bill, this specimen expired not with a bang, but with the whimper of 29 increasingly disillusioned investors watching their bags decompose.

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HOLDER CONCENTRATION

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