Cognitive_DisOwnance

If anyone wants a green circle leave a comment.

the trenches feel pretty cooked atm, gonna lay out some data and my thoughts because i need someone smarter than me to tell me how it gets resolved > pump fun hit an ath in daily rev yesterday at $2.3m > cumulative revenue is just under $80m > 1,567,948 coins have been launched since inception > 6000 in the last 24h on the neiro launch day nearly $1b in volume on just a few coins this is getting dangerously close to the bome/slerf top we had in march, except in an environment with far less free flowing capital and a HUGELY dispersed network of coins popcat 40m wif 125m mew 270m neiro/NEIRO/nEiRo 900m bome 922m slerf 2.2b currently: number of coins > amount of capital needed to sustain growth all while large chunks of solana are leaving the ecosystem every day to infra providers, insiders and the few lucky ones the daily rate of extraction on solana is huge, anecdotally the trenches have been seeing pretty monster volumes across the board on new coins lately (multiple daily occurrence's of $20m+ in the last week) yet very few coins are able to break 9 figs the shitcoin landscape has become hyper efficient, there used to a financial barrier to entry for launching a coin as the deployer needed to seed liquidity, now the cost comes from the trenches themselves as traders fill the bonding curve every time a pump coin fills the curve the LP is burnt, another stream of sol leaving the eco everyday - there is $65m of locked solana sitting between just the bome and slerf LP's the main beneficiaries of the current environment are: > pump fun > any trading bot (most charge 1%) > people that launch coins if you assume even 50% of current transactions are ran through a trading bot then nearly $5m went to infra providers just on the neiro launch day then you have countless coins where the top trader section on photon looks like this: the result is a rolling selection of 5-10 coins above $10m but below $100m mcap competing for attention until the next cohort comes along and vamps it and the liquidity, a new meta every few days instead of every few weeks or months basically solana is getting sucked dry and i'm trying to figure out what the end game is here but all i can really see are two scenarios: 1. it becomes so efficient and the rotations so violent that nothing new can survive, traders lose so much money and hope collectively that we see an extended low cap bear market and a full reset 2. we see enough new entrants and capital that we flip back to 'amount of capital needed to sustain growth > number of new coins', strong coins prevail and the playing field levels out again