Solana

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

Oh My God...
Solana is deflationary...
&amp;&amp; its entirely because of Pump Fun... 

Solana is going up at an average of 7% a year.

However, lets look at the total number of Pump Fun token launches, ALL TIME.

You have to understand with this number, roughly 99.6942% of all Pump Fun… https://t.co/YyYoZpHOS6

Easy

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

Stay Curious // iixii // Lazer Technologies // Prev: CoinDesk, Roc Nation // based

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

yeah i agree

activity and price of the base asset are correlated