Aleksandar Vučić conceded defeat to the Student List before official projections were even published — a remarkable act for a leader whose party had held power since 2012 and whose supporters had been massing in black balaclavas outside polling stations. The concession defused what many feared would be a violent transition. Within hours, the occupation camp known as Ćaciland — an 18-month fixture in Pioneers Park where convicted criminals operated with police tolerance — was dismantled by jubilant volunteers with bin bags. The Student List's victory is the product of two years of anti-corruption protests sparked by a deadly roof collapse in Novi Sad. The movement operates without hierarchy, without a named prime ministerial candidate, and without a traditional party structure. Its 250 candidates were selected through student assemblies, spanning academics, athletes, economists, and engineers. The top-ranked candidate, cardiologist Ilija Srdanović, has explicitly said his ranking does not make him prime minister. The movement published an 11-point plan heavy on anti-corruption measures, judicial reform, media freedom, affordable housing, and healthcare access — including the promise of "a doctor in every village." These are domestically focused and largely procedural. What the plan does not address is everything external: EU accession, Kosovo, Bosnia and Herzegovina, and the relationship with Russia. Vučić warned voters that Student List would impose sanctions on Russia and recognise Kosovo's independence; the movement itself has said nothing definitive on either. This opacity is not an accident — it is structural. A leaderless coalition held together by opposition to corruption has no mechanism for resolving policy disagreements that require choosing sides. As Kurt Bassuener of the Democratization Policy Council noted, "the fissures will show soon after victory." Former EU and UK ambassador Michael Davenport observed the absence of EU flags at student marches and flagged that there is "no consensus" on accession or regional policy. The cleanup of Pioneers Park — hundreds of volunteers scrubbing playground equipment, dismantling tents, picking up cigarette butts — is a potent symbol. "Yesterday was a big victory, so today is the smell of freedom," said volunteer Radomir Dalic. But symbolic cleanups are easier than institutional ones. The SNS built a patronage network across Serbia's judiciary, media, and civil service over 13 years. Displacing it requires not just moral authority but administrative competence and political cohesion. The movement's refusal to create a cult of personality is admirable and historically unusual for Serbian politics. But governing without leadership is different from protesting without leadership. Cabinet formation, legislative whipping, budget negotiations, and diplomatic positioning all require someone to make binding decisions. The Student List has not yet shown how it will convert assembly-style deliberation into executive function. Serbia's voters have made a genuine democratic choice to reject autocratic consolidation. The question now is whether a movement built to tear down can also build — and whether it can do so before the inevitable internal disagreements, external pressures, and the residual power of the SNS machine erode its mandate.