Now that $BITCOIN LP has migrated and dust has settled, here’s what happened:
- The project’s LP was moved from uniswap V2 to V3 without a hitch
- LP is in team multisig and will allow project to have access to funds for a multitude of things(exchanges, irl events, merch, etc)
- The V3 LP is on the exotic pair setting(1%) which is the industry standard for memecoin V3 LPs
- 24 hours after migration, the LP had accumulated over 100k $BITCOIN in fees, now if we apply that number to the rest of year that will be 5M $BITCOIN
*of course this math implies the exact same volume every day until new years*
- The $BITCOIN gained through fees won’t be sold, so in a way it’s deflationary
- On top of the $BITCOIN, the LP is collecting roughly the same amount USD in ETH for funding the project
Overall I think this move allows a lot of flexibility for the project going forward. When Uniswap V4 drops, if it makes sense the team can migrate some there in the future
At the end of the day, the team showed once again they are here for the long haul
The coin who lived continues to prove it, the egregore is strong
See you at $10
Sprotilio
At its current rate. The $BITCOIN v3 lp will take ~29.2m bitcoin off of the open market in just a year.
And your bearish kiddo?
#HarryPotterObamaSonic10Inu
Fudders continue to move the goal posts as $BITCOIN sits below new aths.
Study conviction. Study community. Study deez nuts. Higher for longer
#HarryPotterObamaSonic10Inu
Like ive said many times before, heres my view of the #HarryPotterObamaSonic10Inu and the meme supercycle lore:
$BITCOIN was the the father of this nuclear shitcoin family. Some call it delusional but hellbent on flipping #BTC.
$MOG is the oldest son, got beef with dad. Ran away from home and hustled to success. Eventually talk shit about each other. Blood is still blood but neither admits it.
$SPX is the hot daughter who get famous cosplaying as stock market. Dating an influencer @MustStopMurad.