Solana NEEDS to reduce inflation, not just because it is high but because it would make it a far more attractive asset
$SOL is arguably not as attractive today as it was a few years ago, and competition will only ever increase from tokens like Hyperliquid that have created a very easy-to-understand, attractive tokenomics model
Solana doesn't need to have token buybacks at all, but it should reduce inflation by a lot
If you're a validator eating good today from high yield, you should understand that the price of SOL is very important for the health of its ecosystem
If $SOL becomes a bad asset to own and underperforms, there will be less and less strength to fight hungry competitors
This will not end well for you in the longterm
Looking like $BONK is the first solana memecoin to transcend the term memecoin
Now generating millions of dollars every day with the strong possibility of having this strength for another 3-6 month
Goated operation
How the fuck did astrology predict the pump to start on July 9th
On top of that, it said July 10th would be bullish, and what do you know...today it hits $116k?
ON TOP OF THAT, without even using it as a data point since it's pure astrology, it predicts that the pump stalls/sees correction starting July 18th which is literally when the US White House crypto week ends???
I'll work on the August chart in the meantime lol
This is BRUTAL
Solana went from nothing to EVERYTHING
From 0.3% to 50% of all App Revenue.
For every $100 app revenue in crypto, $50 is captured by Solana Apps.
That's a 166x growth.
what did you miss on solana, in the last 12 hours?
1. $SOL dropped on-chain, below $200, while CEXes were above $250 causing wild arbitrage bots of SOL and LSTs
2. @MELANIATRUMP launched a memecoin, sucking liquidity from $TRUMP which went from $70 to $40. i listened to spaces, and changed my mind, I think $TRUMP still does well... not sold on $MELANIA. initially was so confused on a 2nd token launch.
3. solana as a chain suffered with congestion, but the chain did what it does. @jito_labs had some issues (they sort the MEV) but that's fixed now
4. @JupiterExchange and @MeteoraAG had issues, all dapps did, but looking good now. the fees needed to land txns went higher than 1 SOL at 1 time.. which arent great, but on eth, they have gone to $1000+ in the last cycle.
5. there appeared to be a USDT depeg, 1 USDC could buy 1.12 USDT. I didnt try to game it though.
6. @KaminoFinance had massive borrows of SOL on the dapp. dunno why, or by who, but the rewards were 50% APY, and multiply LSTs went to -40% APY. now at 30% for sol deposits.
7. someone launched a fake $BARRON token, that went to a $80 milly mcap, now at $6.5m
8. eric trump and world libertyfi mentioning buying $20 mill of ETH. dont wanna tag it, because iim not a fan. covered it in news months ago, then when they released this (credit @nuke_xyz ) i stopped mentioning on youtube
9. @RyanAFournier messed up with $TIKTOK and paperhanded and jeeted the tokens. Check @Jebus link
10. the SEC decided to sue @helium which is the last thing @mert needs right now. confident they will survive, and do so well. unfortunately, $HNT is down 20% on the news.
11. @MeteoraAG has done $11.4 billy in volume
12. @Bluntz_Capital calls the top on SOL...
.....so much for a touch grass day.... see you tomorrow