@mauricedefi@LaunchOnSF When a token launch uses $STONK as its quote token instead of SOL or USDC the trading fees collected from those pools are paid directly in STONK, so it doesn't need to perform an open-market buyback.
@nikshepsvn I don't think a ~$5B market cap is delusional. Lofty, but not outside of the realm of possibility. Could double that, $10B isn't what it used to be.
@valentin_enflux@RyanSAdams He hasn’t disclosed how they’re acquiring their ETH, but I suspect none of it is spot. Likely purchasing staked ETH at a discount.