Capital Runs: Strategic Economic Warfare in Blockchain Systems

Capital runs are strategic acts of economic warfare, characterized by coordinated withdrawals by rational actors rather than irrational panics. According to NS3.AI, historical examples demonstrate that advanced speculators act as 'atomic accelerators,' initiating systemic collapses when defenses become unsustainable. In blockchain systems, the real-time visibility of transactions accelerates these dynamics, highlighting the importance of early recognition of broken trust for market participants.