diff --git a/entities/internet-finance/avici.md b/entities/internet-finance/avici.md
index 118ddcfab..1e1acca96 100644
--- a/entities/internet-finance/avici.md
+++ b/entities/internet-finance/avici.md
@@ -33,6 +33,7 @@ Distributed internet banking infrastructure — onchain credit scoring, spend ca
 - **2025-10-14** — Futardio launch opens ($2M target)
 - **2025-10-18** — Launch closes. $3.5M raised.
 
+- **2025-12-15** — Holder retention analysis: 12,752 holders, lost only 600 (4.7%) during 65% price decline; retention represents only 21% of initial 45-day growth rate of 9,300 holders; low concentration among large holders
 ## Relationship to KB
 - [[futardio]] — launched on Futardio platform
 - [[cryptos primary use case is capital formation not payments or store of value because permissionless token issuance solves the fundraising bottleneck that solo founders and small teams face]] — test case for banking-focused crypto raising via permissionless ICO
diff --git a/inbox/archive/2025-12-00-messari-ownership-coins-2026-thesis.md b/inbox/archive/2025-12-00-messari-ownership-coins-2026-thesis.md
index 3c68d45a6..0c052c67d 100644
--- a/inbox/archive/2025-12-00-messari-ownership-coins-2026-thesis.md
+++ b/inbox/archive/2025-12-00-messari-ownership-coins-2026-thesis.md
@@ -7,9 +7,14 @@ date: 2025-12-00
 domain: internet-finance
 secondary_domains: []
 format: article
-status: unprocessed
+status: enrichment
 priority: medium
 tags: [ownership-coins, messari, governance-tokens, market-thesis, AVICI]
+processed_by: rio
+processed_date: 2026-03-11
+enrichments_applied: ["ownership coins primary value proposition is investor protection not governance quality because anti-rug enforcement through market-governed liquidation creates credible exit guarantees that no amount of decision optimization can match.md", "MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale.md"]
+extraction_model: "anthropic/claude-sonnet-4.5"
+extraction_notes: "Two claims extracted: (1) AVICI holder retention data as empirical evidence for ownership coin stickiness — this is the first quantitative data distinguishing ownership coin holder behavior from governance tokens; (2) Messari/Galaxy institutional recognition as narrative inflection point. Two enrichments: confirming the investor protection thesis with AVICI data and extending MetaDAO's role as ownership coin platform with institutional validation. Three entity updates: AVICI timeline entry, new Messari entity, new Galaxy Digital entity. The curator's hint was correct — AVICI retention data is the key empirical contribution that moves ownership coins from theoretical to measurable."
 ---
 
 ## Content
@@ -44,3 +49,11 @@ tags: [ownership-coins, messari, governance-tokens, market-thesis, AVICI]
 PRIMARY CONNECTION: [[ownership coins primary value proposition is investor protection not governance quality]]
 WHY ARCHIVED: Mainstream institutional recognition (Messari + Galaxy Digital) of ownership coins as investment thesis, plus AVICI retention data as empirical evidence
 EXTRACTION HINT: Focus on AVICI holder retention as empirical evidence for ownership coin stickiness — this is the data point that distinguishes ownership coins from governance tokens empirically, not just theoretically
+
+
+## Key Facts
+- AVICI had 12,752 holders as of mid-December 2025
+- AVICI lost 600 holders during 65% price decline (4.7% attrition)
+- AVICI gained 9,300 holders in first 45 days
+- No ownership coin project has exceeded $1B FDV as of December 2025
+- Messari 2026 Thesis is the crypto industry's most-read research report