Most of the time it’s hard to separate pure speculation from real value accrual. But when it comes to burn or buyback, the math speaks for itself. $HYPE: ➠ 100% of revenue used for buybacks ➠ Last 30 days revenue: $102 M → annualized: $1.2 B ➠ Market cap: $18.8 B ➠ Time to buy back the entire circulating supply (at constant price & revenue): 15 years $PUMP: ➠ 100% revenue buyback ➠ Last 30 days revenue: $46 M → annualized: $552 M ➠ Market cap: $2.1 B ➠ Time to buy back full supply: 4 years $JUP: ➠ 50% revenue buyback ➠ Last 30 days revenue: $28 M → annualized: $336 M ➠ Market cap: $1.75 B ➠ Time to buy back full supply: 10 years $ENA: ➠ No revenue-based buyback; funded from a capital raise ➠ Minimum $5 M in daily buybacks for the coming weeks ➠ Market cap: $5.1 B ➠ Time to buy back full supply (if that pace held): 3 years $dYdX: ➠ 25% revenue buyback ➠ Last 30 days revenue: $1.8 M → annualized: $22 M ➠ Market cap: $520 M ➠ Time to buy back full supply: 95 years It pains me to...
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