Oh My God...
Solana is deflationary...
&& its entirely because of Pump Fun...
Solana is going up at an average of 7% a year.
However, lets look at the total number of Pump Fun token launches, ALL TIME.
You have to understand with this number, roughly 99.6942% of all Pump Fun tokens are literally $0 / dead / that solana will never be pulled out of the Bonding Curve.
This equates to 3,936,326 tokens being dead.
With an avg market cap of $6,942.
- 50% of that being a Solana
- $3,471 worth of Solana PER TOKEN locked.
Now you determine how much in TOTAL USD is locked in these pump funs.
3,936,326 * 3471 = $13,662,987,546
13 BILLION dollars of SOLANA is locked in these tokens.
(That's roughly 58,140,372 Solana tokens)
Now lets consider the total circulating supply of Solana RIGHT NOW...
474,802,369 Solana
if 58,140,372 of that is LOCKED UP FOR LIFE...
That is 12% of ALL Solana... Locked... For Eternity...
Pump Fun has been around less than 1 year.
Solana inflates roughly 7% a year.
12% is greater than 7%
Therefore...
SOLANA IS DEFLATIONARY THANKS TO PUMP FUN!