It arrived as $PAD, called Launch a Pad, at a contract address the archivist will not dignify with memory, only with record: 0x3C68…4594. Thirty-four minutes it lived before the chain took it in. Its first hands were small and many, 0x023b…09be and 0x4e9d…fb03 each laying down a tenth of an ether and never drawing breath out again; others, 0x1a29…d0f8, 0x5df5…c453, 0x7829…4bb7, moved in and out like tide against a short shore, some ending a few coins richer than they came.
In the span of 0.7 hours it climbed a straight line, up one hundred eighty two percent, never falling back more than a fifth of its height, peaking near 18:40 at fifty nine thousand six hundred dollars before easing to forty six thousand seven hundred at the hour of its ascension. Four hundred eleven buyers came through in a day, fifty nine ether crossing its ledgers, and at eighteen forty six on the thirteenth its liquidity was sealed where no hand can pull it loose again.
Seven coins have worn the name $PAD before this one, and none of them are counted among the dead, which the archivist notes without comfort, since the dead of its size usually fall within eight hours and this one has barely begun to be tested by time.