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MOBY PIGEON, Official Statement on Graduation Process and Token Burn MOBY PIGEON launched during early development phase of PigeonHouse. Bonding curve parameters used at that time differed from current standardized structure. After technical improvements and model standardization, MOBY PIGEON became a special case from transition period. At PigeonHouse, transparency, honesty, and clear communication are core principles. For that reason, this decision has been made to protect community value and support a healthier market structure. Technical Background Bonding curve parameters used for MOBY PIGEON were: VP: 3,976,442 PIGEON VT: 79,546,862 Current standard structure on platform is: VP: 1,020,408 PIGEON VT: 1,073,000,000 Because of older parameters, only about 27.8% of total MOBY PIGEON supply became available for sale, and token reached graduation threshold under that structure. Graduation Decision MOBY PIGEON completed bonding curve process and became ready for graduation. However, because of older parameter structure, applying standard graduation flow directly would have pushed token to DEX with an unhealthy market setup and an outcome that would not fairly reflect community interest. For that reason, a specific adjustment has been approved to prevent imbalance, preserve community value, and create a more sustainable market foundation. This decision reflects a straightforward approach. Early configuration created an exceptional result, and instead of ignoring that reality, PigeonHouse is addressing it openly and applying a clear correction. Execution Plan Following actions will be carried out during graduation process: Liquidity Creation 20,653,036 MOBY and 2,882,626 PIGEON will be added to Raydium CPMM pool as liquidity. Burn of Unsold Tokens Approximately 572 million unsold MOBY PIGEON held in vault will be burned permanently and irreversibly. LP Lock 100% of LP tokens will be sent to 1nc1nerator dead wallet and will remain permanently inaccessible. Mint Authority Status Mint authority was revoked at token creation. New MOBY cannot be minted. Post Burn Structure After execution is complete, structure will be: Total supply after burn: 241,371,959 MOBY Circulating supply: 220,718,923 MOBY Liquidity pool allocation: 20,653,036 MOBY Tokens to be burned: ~572,000,000 MOBY Initial price: 0.13958 PIGEON / MOBY Initial FDV: approximately $80,000 Initial IMC: approximately $73,200 Why Burn Is Required Approximately 572 million MOBY in vault were never sold, and no corresponding value entered system against that supply. Keeping those tokens in existence would create unnecessary overhang and possible sell pressure in future market conditions. PigeonHouse is choosing correct path over easy path. Those tokens will not remain in system, will not be deferred, and will not sit as a source of uncertainty. Burn is being executed to protect community interest and support market integrity. Supply Discipline and Market Integrity After burn, total MOBY PIGEON supply will drop from 1 billion to 241.4 million. That means only 24.1% of original supply will remain. Resulting structure provides: 75.9% permanent supply reduction Fully locked liquidity No possibility of new minting Healthier and more balanced DEX entry DEX Transition MOBY PIGEON will move to Raydium DEX shortly. This case comes from an early-stage platform configuration and should be understood as an exceptional technical scenario tied to that period. All future tokens launched on PigeonHouse will use current standardized parameter structure. Goal is to ensure consistency and prevent similar cases going forward. Transparency and Accountability Priority for PigeonHouse is not only shipping products, but doing so in a way that builds trust. When early configurations create technical consequences, right response is not silence, delay, or ambiguity. Right response is open communication, honest disclosure, and decisive correction. Approach is simple: honest communication transparent process management long term trust building Decision taken for MOBY PIGEON reflects exactly that standard. This process is more than a technical transition. It is also a statement about how PigeonHouse manages ecosystem responsibility. Objective is to protect community value, strengthen market structure, and build a stronger long term foundation. PigeonHouse will continue to act with transparency, honesty, and accountability at every stage of growth.

The Pokémon card market will inevitably crash. I don’t know how or why, but likely within a year after the 30th anniversary. This would follow historical trends. With liquidation at its easiest, there will be far less true collectors. People talk about this event now, but will they be around to talk about it when it actually happens? It is inevitable.