It’s time to talk about
@GEODNET again.
In the past I called it a gem. Now? It’s still a gem, but honestly, it’s been fading a bit with time. And that’s exactly why I’m speaking up again.
In my opinion, this is the best DePIN project. Yes, even bigger than
@helium(I was there when HNT was on fire, printing dollars day after day). Those were glorious times.
But GeoDNet is different. A while back,
@vaneck_us and some other VCs put out an article predicting
$GEOD token could hit $8 in a few years. At the time, it sounded bold. Now? I’m starting to understand why.
Let me break down the numbers, because the math is beautiful. Today:
~22,000 active miners
Each producing ~12
$GEOD per day
That’s 264,000 GEOD daily → around $35k sell pressure per day
Normally, that kind of sell pressure would crush a token. So how does project survive?
Data sales 🤑🤑
This year alone: $10 million in data revenue.
80% of that ($8 MLN) went directly into buybacks and burns.
Now do the math:
$35k daily sell pressure × 365 days = ~$13 million in yearly sell pressure
Buyback/burn this year = $8 million
Shortfall = ~$3 million
And guess what? The token went from $0.20–0.25 down to ~$0.13. The numbers match perfectly.
But here’s where it gets exciting.
The halving is coming.
Sell pressure gets cut in half → from $13M to ~$6.5M per year.
Meanwhile, buybacks stay at $8/10M if data sales continue.
That leaves $2/4M in excess buy pressure every year.
That’s not balance. That’s imbalance, in the right direction.
So yeah, I expect a reversal. A pretty fast move back above $0.20. And if data keeps selling well? Parabolic over time.
This isn't a meme coin. This is fundamentals. This is revenue-backed crypto.
Also, I know the team personally.
@mikeahorton &
@mvrender … these aren’t just “high level” guys. They’re top tier. I’ve worked with them. Seen how they think, how they execute.
I’m currently mining with 3 of my own miners managing another 40 hosts. If you’re not mining yet… maybe it’s time to start.
GEODNET is waking up. Don’t sleep on it.
#DEPIN #SOLANA