MERC.

Top 10 holder share is 8.1%; WIRE treats 50%+ as a primary risk threshold.

Bundlers 0.00%, insiders 0.00%, snipers 0.00%.

0 visible holder rows are marked as risk/fresh/bundler/insider/sniper in the rendered top-holder set.

0 of the first 8 indexed buyers appear not fully sold by the tracker sample.

7 of the first 8 buyers sold within ten minutes of first buy.

2 first buyers show positive total PnL. Average initial capital in the sample is $131.95; best visible PnL is $57.17.

Trigger when short-window buy ratio falls 8+ points below the 24h baseline.

Trigger when top-10 supply share crosses 50%.

Trigger when bundler, insider, or sniper exposure crosses 5%.

At least a quarter of indexed first buyers exited inside ten minutes.