NEGATIVE
Pre-registered descriptive program — unconditional buy after a token's 10th trade (C1 training tokens, observed costs)
- 60 s hold
- mean −60% · median −81% · 14% profitable
- 10 min hold
- mean −78% · median −100% · 10% profitable
- 1 h hold
- mean −86% · median −100% · 3% profitable
Negative in all 27 cost/execution sensitivity cells and all 4 tip scenarios.
The losses are price collapse, not costs. No strategy, edge or predictive signal is claimed. Nothing is paper-eligible.