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Glonzo: A Cautionary Tale of Concentration

Here we observe the skeletal remains of Glonzo, a token that achieved the remarkable feat of dying whilst still technically alive—a rare phenomenon in the Solana ecosystem. With 99.5% of its wealth hoarded by merely ten holders, this specimen never stood a chance; it was less a community and more a hostage situation with blockchain characteristics. The $2,780 in liquidity suggests even its creators abandoned the life support.