$gp just ran 70% after wlfi announced adding
$spsc to their meme reserves. first of several catalysts that will inevitably spark a bonk fun season 2.
felt everyone needed the reminder that
$gp own 38% of bonk fun revenue and is the LARGEST beneficiary in the ecosystem.
feels like a perfect storm brewing, 6 months of restructuring complete, chess pieces are moving, and NOBODY is paying attention.
bonk fun has been hammered into the ground,
@SolportTom (verifiably one of the most relentless builders in crypto) team have been cooking quietly with
@worldlibertyfi backing 20m treasury, yet price is still 15x below ath.
the more i dig into this, the larger the bull case grows.
some key developments:
70% reduction in
$gp emissions, shifting focus to revenue and buybacks (previous crutch for gp holders)
exclusive partnership with wlfi as the sole token distributor for usd1 ecosystem on solana
@GraphiteProto just announced their focus on strategic acquisitions to drive (yet again) more revenue & buybacks. dao vote currently live for gp to lead
@AdrenaProtocol (solana perp dex)
@worldlibertyfi getting active on tl, already clipping 6 figs into bonk/usd1 memes. wlfi app in final testing phase, likely listing these same pairs.
6 months worth of strategy and development about to deploy.
broader market tailwinds:
memes back in meta with rising ceilings
$pump sentiment relatively low
macro bottomed (?)
after the disrespect put on toms name, you really think after 6 months of building in silence he's not about to come back swinging?
these are the first major catalysts one after half a year of development and strategic partnerships. if you remember when
@bonkfun had their time in the sun, they were easily the fastest paced and most communicative team in the entire space.
huge set up imo. confident bet on
$gp being the most undervalued revenue/buy back plays right now.