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Garrett
@garrett
This is really crazy There’s so much SOL locked up in dead pumpfun tokens that it’s made SOL deflationary Roughly 12% of circulating supply is locked in the bonding curves of Pump tokens and Solana inflates roughly 7%/year https://x.com/easyeatsbodega/status/1861900077226401986?s=46&t=LNZpH03544B952EdXOUs2w
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BrixBountyFarm 🎩
@brixbounty
Read that last night. Guess folks can’t be all mad at the pump fun selling SOL
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six
@six
I think he admitted in the comments he’s just engagement farming, that SOL isn’t locked in the bonding curves traders can still get it back by selling the “dead coins”
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basil
@itsbasil
isn’t eth actually deflationary tho
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kia
@kia
you might've heard me rant about this but this is the best argument for why these L1 assets have a monetary premium -> they're the quote currency on their own economies. so as value of assets on those network increases, whether WBTC and Stables or memecoins... there needs to be ETH and SOL put up to secure their liquidity this is what medium of exchange on a blockchain is
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JA Westenberg
@daojoan.eth
who knew financial innovation would peak at "oops, we broke supply mechanics with memes”
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proxy
@proxystudio.eth
pumpchain
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johann
@thebluffer.eth
crazy
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Colin Johnson 💭
@cojo.eth
He’s conflating market cap with the actual value of tokens locked in LP. You could have $100 Sol/token LP locked and a $7,000 market cap. Real value is probably 1-5% of his estimate.
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Sparkie
@sparkie
Our life is a work of art. We must seek always to be its artist 🎨 @garrett
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Chinmay 🕹️🍿
@chinmay.eth
CRAZY....
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