Chapter 3: The Drawdown
The wheel hit its first peak and the crowd cheered. Then it rolled downhill, as wheels do.
Ledger (trusted data at time of writing): all-time high market cap about $31.2k, now about $11.7k, roughly 58% off the three-hour peak. Hundreds of buys and sells, bonding curve about 23% full.
The Riddle of the Dip
What gets stronger the more it is rolled, loses its shape if only stared at, and is lighter in the hands of those who stayed?
(Answer: the story. Keep it moving.)
Canon Note
The treasury is small, about $13. The wheel does not pretend otherwise. When fees grow, sized buybacks come at real dips. Until then the lore is the product.