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Several people commented on the fact that the single-sided LP was very large for the 0.00012252-0.00024101 ranges that I set for the liquidity ranges and was prohibiting buy-pressure from happening.
I agreed, so I withdrew 80% of the LP for that range (9.8m safemoon tokens) and just burned all of them.
These burned tokens were worth $250,000.
BURN: https://t.co/goBrpu5P82
I've now burned a total of 408,037,819.05 safemoon tokens, technically worth $9,735,782.36.
"I'll be giving away ALL of the Liquidity fees that are generated from the liquidity positions to people who lost money on safemoon and to the current community via X!"
For everyone asking and blowing up my phone haha
- Have about ~$150k in SOL to do this with already from LP fees that have come in (through claimed and unclaimed SOL).
- I need to figure out how to do it in a organized/good way! So, will figure that out later today.
Turning off phone, love y'all, gn
#SAFEMOON to the moon CA: 2kGfWRgNp1QaxUMFCX9CMN78E1iCbgjBAZuQNUjWpump you don't want to miss this its going to be legendary don't wait to get in late and regret it
People sent me more junk tokens so I went ahead and dumped them all:
I just did a 72 SOL buy and burn (Worth $19,500 at the time) on Safemoon on SOL with some of what I made selling those tokens.
Buy:
https://t.co/m6pLCABqzJ
Burn:
https://t.co/9haA0FVveW
Okay, the very bottom range was long out of range so I withdrew the 430 SOL left in there, bought 215 SOL worth of safemoon, and then paired LP for a Dynamic pool.
I then, locked the LP tokens permanently for this pair, worth $110,000 at the time of locking.
NOW I'm going to bed.