CAUSE OF DEATH
Centralization Claims Another Victim Most Dramatically
In the financial savanna, we observe a peculiar specimen: technically alive, yet spiritually departed. Eighteen holders gathered around a carcass of $209 million, each watching the others with the patient hunger of vultures—their complete ownership of the top ten positions a masterclass in what we might charitably call 'distribution.'
CAUSE OF DEATH
Extreme centralization masquerading as decentralization
EPITAPH
"They said it had no mint authority. They were technically correct. The holders had already printed everything that mattered."