noticed an interesting $PUMP insight as a result of Custom Pairs:
since Custom Pairs launched last month, 0.33% of the | Hanami
noticed an interesting $PUMP insight as a result of Custom Pairs:
since Custom Pairs launched last month, 0.33% of the current circulating supply (~$5.9M) has been taken out of circulation: locked LPs, burned, or in the pump protocol fee wallets.
annualizing can be a gimmick, but assuming $PUMP pair activity stays flat, that's ~3.35% of the current float being taken out of circulation every year.
the Custom Pairs update launched into an onchain market that isn't too hot, so it's not crazy to think that we're nowhere near seeing how crazy this can get.
this is especially true for memes or other onchain coins with market caps much lower than billions - if adopted as Custom Pairs these can do REALLY well from all the volume and buy pressure routing through them.