In the last 24 hours, DeFiTuna gained 13.9% market share.
With DeFiTuna's unique AMM approach, approximately $10 million of that volume came from executed limit orders.
Today - DefiTuna is the most advanced AMM on Solana.
Alot more work ahead of us!
Whales holders 25%. Smart Money up 774%.
Big Brain Holdings alone grabbed 1.5M $GP.
CT? Ultra bullish: buybacks and sentiment on being the “most bought” by Smart Money recently.
Is the $GP looking to heat up?
Took me some time to get all the relevant info on @GraphiteProto aka $GP, the token powering @bonkfun (BF).
Here are some quick points:
- GP is owned by @SolportTom and owners of @TaiyoRobotics are able to stake their NFT to earn $GP. There are emissions daily and they have around 1.5 years or so left.
- 7.6% of BonkFun profits go to buying GP. According to the BF site, they made 1.04M in fees in the last 24hrs. Thats ~$79k a day of $GP buying pressure if BF can maintain it's current form. This also likely will help alleviate sell side pressure from the NFT stakers.
- The FDV values of $GP are wrong in most places as they have burnt a big portion of the supply. The current correct FDV value is at @birdeye_so as per @SolportTom . Below 100M FDV for the backbone of BF is FREE.
- Claims from BF for the $GP buybacks happen once a week, and as such, the fees from the recent BF activities have not been claimed and used to buy back $GP yet. Tom has confirmed this ( https://t.co/oVfUeli3wA)
- The top addresses that own $GP which account for over 67% are the NFT staker's pool, $GP staking rewards program (which has a 90 day unstake period) and the team holdings which are transparent for all.
- The $GP team will also likely be working on other things that will add value to the token. No CEX has listed $GP yet so further catalysts could be in the near future.
Overall, although $GP has seen a strong run up recently this is likely a coin with plenty of room to grow. If you prefer to invest in the casino than gamble in it, $BONK or $GP would be the way to go.
Some accounts to follow or read more about $GP as they post about them:
@chillhart@zinceth@megastuffs@Random_Luna_Guy@GraphiteProto@TaiyoRobotics
ALPHA: Beyond @bonk_inu becoming a top 5-10 revenue producing token/protocol in ALL of crypto (still ranked #72 in MC somehow)....
There is one detail people are overlooking in the tokenomics announcement
it's the other token mentioned... $GP 👇