17.2
While the team and VCs enjoy a liquid, predictable vesting schedule allowing them to scale out of their positions, it is incredibly risky to buy or lock tokens in a protocol where the TVL has collapsed by over 99%, retail users have their principal capital cryptographically frozen inside the smart contracts. They are forced to watch the token's value slip to $0.16, completely powerless to cut their losses or liquidate their assets. Retail participants are effectively acting as a captive price floor, providing the temporary liquidity that allows the dominant 42.8% insider class to exit the ecos…
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