The @turbine_cash community-initiated $ZKFG $200k Buyback decision market is a clean example of how TWAP thresholds filter proposals that fail to attract sustained conviction, even when the market was slightly Pro-Pass. Total volume was $450,025 across 925 trades from 21 unique wallets. Economically, alignment was split: 49.90% of volume was Pass-aligned (Pass-Buy + Fail-Sell) versus 50.10% Fail-aligned (Pass-Sell + Fail-Buy). However, 14 of 21 wallets ended up net Fail-aligned, and the proposal failed to clear the required +1.5% TWAP pass threshold, resulting in rejection. Participation was concentrated: Trader GZFj...SB7X: ▪️ 380 trades (41.08% of all trades) ▪️ $133,839.63 volume (29.74% of total volume) ▪️ Traded Fail-Buy, with minor Pass-Sell ▪️ Net Fail-aligned ▪️ Ended with $128,239.63 of Fail exposure This high-frequency trader applied sustained Fail pressure throughout TWAP and was the single largest contributor to Pass failing to clear the threshold. Trader 8YHN...ktz5: ▪️ 209 trades (22.59% of all trades) ▪️ $68,738.77 volume (15.27% of total volume) ▪️ New Pass-aligned ▪️ Ended with $32,611.07 of Pass exposure Trader wuNP...hv2V: ▪️ 16 trades (1.73% of all trades) ▪️ $64,633.30 volume (14.36% of total volume ) ▪️ Almost entirely Fail-Sell ▪️ Net Pass-aligned ▪️ Ended with $64,633.30 of Pass exposure ...