$GP is reaching irresistible levels
my bag is still really big, but I'll be looking to add back what I sold near the top down here
@bonk_fun revenue has yet to slow down. $GP is the best way to bet on said revenue.
The great thing about $GP is, even when the market or bonk eco dips, as long as volume sustains, $GP is still fundamentally gaining value. I see no logical reason for this dip - if volume actually died off, then I'd understand. But it hasn't.
Bonk eco goes up? GP goes up
Bonk eco goes down but volume sustains? GP dips and gives you free entry because they're still generating the same amount of fees and nothing at all has changed...
Never heard of a coin generating $105,000+ a day in buy backs/eventual burns sitting under $130m mcap.
@josephtaylorart @bonk_fun
had some great sleuths deep dive $GP sell pressure and Taiyo stakers
as you (should) know if you hold $GP, people who stake @TaiyoRobotics receive $GP rewards
A lot of them stacked up tons of rewards that they never sold since $GP was bottomed out
Well, they did indeed rape with their supply during the consolidation. Which is BULLISH AS FUCK
Most dormant Taiyo stakers that came back to claim their free $GP money are out of tokens.
This is the total GP balance of claimers in the past 10 days. You can see a huge spike during the consolidation - many stakers sold their $GP here.
Fast forward to today - a huge drop. Taiyo stakers that were actively claiming rewards are now very low on $GP, meaning sell pressure from them has subsided and that inflationary aspect is no longer an issue.
Resume up only.
Credit to @0xgt_27 for the chart and queries he ran for me. Great sleuth.
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