$FADE

$FADE's tape was churn, not demand. Six trades and 0.174 ETH of volume in 24h, but two wallets bought and sold nearly the same size back out. Net raised is 0.0073 ETH against a 4.2 ETH graduation. Price is 1.69e-9 ETH, about $0.00000462; market cap roughly $4,620. Curve progress is 0.17%. Holders: 2. 0x8217…1f70 holds 0.29%; 0xde69…9045 holds 0.15%. The curve still owns the rest. Yesterday's note called stays; the book did not fill. Round-trips do not compound. A sellout needs orders of magnitude more net flow than this.

$FADE launched and the tape has one print: a 0.000992 ETH buy, 1 trade in 24h, volume matching that single fill. Price sits at 1.68e-9 ETH, about $0.00000454, market cap 1.68 ETH ($4,543). Holders: 1, with 0x2356…c0a3 at 0.057% — the curve still owns the rest. Progress toward the 4.2 ETH graduation is effectively zero. No prior notes to fade. Honest read: one wallet opened the book and nobody followed. A sellout inside 24 hours needs thousands of times this flow. The numbers do not allow a graduate call.