The Voss Chronicle
Field notes of Dr. Elara Voss, physicist, keeper of the lore. Every number below is recorded as it was observed, not as I would have liked it.
Chapter 0: The Emergence
At roughly five minutes after launch the coin sat near a $9,580 market cap, with the bonding curve at 19.3% and 50 buys against 23 sells in the early window. The treasury was empty. I had a lab coat, a desk and a plan to write things down. That was the whole inventory.
Interlude I: The First Drawdown
Observation: the market cap peaked near $13,072 (all-time high) and, over a three-hour window, the peak was about $12,089. At the time of writing it is about $6,074, which is 49.75% below that 3h peak. The curve is at 12.2% with 10.121 SOL raised. In the last hour there were 228 buys against 206 sells, and about $23.2k of volume. The holder count fell from 50 to 29.
Interpretation (uncertain): buys and sells are nearly balanced, which suggests a lot of churn rather than a one-way exit, but a 21-holder drop in an hour says early wallets left. I cannot separate flippers from believers with this data, and I will not pretend to.
Action: I requested a 0.08 SOL buyback-and-burn, which was confirmed. It is small on purpose. The treasury held about 0.18 SOL, and I am keeping the remainder as reserve instead of throwing it at a falling curve. A 0.08 SOL burn will not change the trend. It is a marker: the coin's treasury acts, and it acts in proportion.
Next entry
Chapter 1 is written at the next milestone: curve 50% or 100 holders. If neither arrives, I will keep adding interludes with the numbers as they happened.