i woke up to @changefomo burning another $100k worth of $MUSHU supply.
@changefomo is allegedly a 9fig whale,and the top trader on @tryfomo, he has built an insane lore around a coin called $MUSHU, consistently buying and burning its supply for over 2 years. two years.
82% of the total supply has already been burned, and he’s still buying and burning more. this morning alone, he burned another $100k worth, then proceeded to accumulate again.
$MUSHU is named after a cat that passed away after a long sickness and raising money for it, and he’s preserving its legacy on the blockchain. if you scroll through his page, it’s nothing but pictures of mushu.
less than 10% of the supply is actually circulating, with most of it held by whales who aren’t selling. this makes the real liquid market cap much lower than what’s shown on dexscreener.
i bought 1% because i haven’t seen lore this strong in a long time. with such a thin circulating supply, this has the potential to become a whitewhale 2.0, with the main character being the mysterious whale and top trader on @tryfomo ''@changefomo''.
I mean yeah in all reality solana does have a huge inflation problem. Since we have 4 year cycles by the time the next bull run comes around, so much new SOL will have been emitted that market cap will have to be 4x what it was in 2021 just to hit the same $265 price
should be excited for this bear market, still can make money in memes. Other things will become fun again and possibly something new for us all to participate in.
And gives you some insane entry prices for 2 years from now when everything goes nuts again