lexanofomo🦇🔊

eth bottom today or wealth bottom further

@ponyo_fp It was surreal to start buying $PUMP after your tweet and wake up today.

Pump.fun is going to burn their buyback tokens and gigasend it pumpfun has spent $369M buying back 126.8B $PUMP, roughly 35.8% of free float. What’s the rational move with 127B tokens sitting in a treasury 74 days (Jul 12) before the team’s cliff unlock? Let’s walk through the decision tree. - Option 1) Sell 127B (roughly $224M) into $52M daily volume and you crater the token, suicidal for a team about to vest. - Option 2) Recycle through staking, airdrops, or LP and you redistribute to holders who sell, a slower dump with extra steps while total supply stays unchanged. - Option 3) Hold indefinitely and the pile grows by 520M tokens per day, compounding an uncertainty tax that the market prices as a permanent overhang. - Option 4) Or burn the pile, reducing total supply from 1T to roughly 873B, the only outcome where every holder’s per-unit claim on future cash flows increases, including the team’s own unvested allocation. Three of the four branches destroy value. The fourth is a one-time permanent removal that benefits everyone holding the token. The disclaimer on the buyback page says pump.fun “may modify or discontinue those plans at any time,” which means nothing contractually prevents a burn and nothing contractually guarantees one. But when three options lead to value destruction, the remaining option doesn’t need much advocacy. July 12 turns the burn from nice-to-have into self-interest. That day, 82.5B tokens unlock as team (200B) and investor (130B) allocations begin a 36-month linear vfest. Post-cliff monthly emissions run roughly 11.9B, split between community (~5B) and team/investor (~6.875B). At current revenue of ~$920K/day and a $0.00177 token price, the buyback absorbs ~520M $PUMP per day, which is ~15.6B per month, running at roughly 1.3x buyback/emission coverage. Revenue has oscillated between $750K and $1.1M/day for six months now. At 1.3x, $336M a year in buybacks roughly matches post-July emissions. Let’s run two scenarios. If the team burns before the unlock, circulating supply goes from 590B - 127B + 82.5B (cliff) = 545.5B, which is 7.6% below today’s float. If nothing burns and the cliff hits raw, circulating supply goes to 672.5B, a 14% dilution from where we sit. That’s a 22% swing in circulating supply, and needless to say the team's own 50B cliff tokens are worth more per unit in the first one. Now strip the cliff out. 590B collapses to ~463B of free float, +27% per token at constant market cap. At $0.00177, $PUMP's market cap is $1.04B and FDV is $1.77B, down 80% from the all-time high. Against ~$336M annualized revenue, that's 3.1x on market cap. Assign 30% probability to the burn and you're picking up ~8.1% in expected price impact from that scenario alone before any multiple rerating. The upside only requires the team to act in their own financial interest.

@info_insightful But the logic about fundraising is true. It's cool to see how people who wants an airdrop at least help to recover community funds

@lexashizo hopefully they hired you to make the dashboard if not, now you have a case study as leverage to sell that service to other projects i make you dashboard = you raise / get more funds

I personally sent just above 0.01 ETH to the Aave charity wallet [defiunited .eth] Counterpoint is this is a IQ test and your redacted for being dumb enough to donate to a corporation and AAVE should have had some stops in place already and that this should of never happened/ not my problem / rip bozo ect But if there ever is benefits/ perks for donating in the future, the bottom 2 tiers will be easily filtered/ screened out Out of the 84k+ addresses that have participated 84% of those tossed in under 0.001 ETH (~$2.3), sybils are pretty obviously swarming/fishing for a potential future airdrop/ rewards/ benefits/ perks, ect Best case: someday there’s a “thanks for helping” benefit Worst case: I helped support AAVE and got farmed for ~$25

@info_insightful I've hired myself for fun on weekends

@info_insightful we cooked checker now lexanofomo.github.io/DeFiUnited/

@DidiTrading we cooked checker now lexanofomo.github.io/DeFiUnited/

Day 493: Airdrop farmers are sybilling the Aave charity fund (defiunited.eth). Aave raised 232M, fully covering the debt from the Kelp DAO exploit. Over 84,000 wallets have donated, but around 85% sent less than 0.001 ETH (~$2.3) clearly hoping for a potential airdrop. I personally sent a bit over 0.01 ETH (~$23). Best case: I get a thank-you airdrop one day. Worst case: I contributed to a good cause.

@robinmoods we cooked checker now lexanofomo.github.io/DeFiUnited/

The trending topic is airdrop farmers sybiling DeFi United with sub 0.01 ETH transactions. Why is everyone so surprised that this is happening? It was so expected.

Guys who enjoyed donating money to DeFi United and thought there will be an airdrop. Cooked smth interesting for you, now you can check yourself: lexanofomo.github.io/DeFiUnited/

@DidiTrading Unfortunately, as the creator of the dashboard, I must state that it was created as an IQ test and nothing more. The social experiment was a success.

You guys think its healthy?

0x9ffa5f75f0b9df97cbdc6e9b731cfbaf70a6411f; 0x0ce72708a7310288b870ab067d6d1f569f0f667d. Funny that projects has been incubated via Fableborne who are close to $RON / $AXS ecosystem and these tokens were pumping with $POWER

@zachxbt or 5M $POWER tranferred to Bitget: 0x6de62b7d5264dd8d1450af9f2e780334337055d0. Actually this tranfer has correlation with start of crime price action. And one week before tokens were distributed to 2 multisigs.

@zachxbt or maube investigate $BULLA related to Bitget as $RAVE? 0x8776951025c0a73e7250108c4d3ae6b84cebbcf2, 0x96eee4834fa471babdd60ea25584d3e55629e5d6 , 0xc79e70720d2e22840dbf61bec48bfbbf2bba6f1a, 0x98e0a5d55db732c9347661ac30f9aae1e3955a90 may be interesting addresses

@zachxbt You might want to check $RESOLV trading activity via fresh wallets on Hyperliquid before hack and during lots of months since TGE 0xbbece4231a4291e81777f4047dbfd2ba36a8f8ac, 0x240151472a778437357661799153b08cc359ab1e etc.

$280m from Kelpdao moved in mere minutes onchain. This would have taken 2 weeks and hundreds of dollars in wire fees on tradfi rails.

My bug bounty: not a vuln, requires all DVNs Their deployment: removes the ‘all’ part Hackers: collects $295M bounty instead

@vasily_sumanov @yieldbasis It's probably a good idea if you think that tomorrow DATs should be poorer than today.

DATs: it's time to learn about @yieldbasis The exact solution to put their $BTC holdings to work. Looking forward to v2 $YB pools & scaling for new lvl of TVL

Analyst #4

"Read the $TAO whitepaper" "Do more research" I just did - it reads like fucking academia fluff on the pretense to sell vaporware. And stop pretending you understand what the fuck is written there, you know your dumbass doesn't.

if you really have higher iq and understand how important tokens are, you should start coding in mandarin and see how token efficient it is