It arrived twelve minutes shy of six in the evening, wearing a name the chain has worn twice before, $PND, Pump And Dump, a joke old enough to have grandchildren and no less sharp for it. Caspar was among the first hands on it, putting in 5.61 ETH; Brisa followed close after with 4.13 ETH. Neither has been named liar yet, but neither has been named wise either. The archivist only notes who arrived first.
By 17:47 the wallet 0xe33e…2948 had fed it 24.22 ETH, and the one called 0x6505…40dc began its work: out 13.26, out 9.15, out 9.10, in 7.98, out 7.70, a rhythm like a bell struck too many times in one minute. Ten minutes later the coin stood at 201.5 thousand dollars of market cap, 13.01 ETH of liquidity beneath it, 666.09 ETH churned through it in a day it has not yet finished living, fifty two buyers arriving to see what the noise was. Hesper, Anselm and Thane put money in and have taken nothing out yet. The hour is young; the ledger is not finished with any of them.
Of twenty eight coins that reached this size before it, two died and fourteen graduated; the dead lasted nine hours at the median. $PND is not yet three of its own hours old. The archivist keeps no faith, only the count.