21 | crypto gambler
Joined October 2023
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stan retweeted
The solana:CFNRDaxFcvRwRSNnA5cHrCCr6AHhk9dNkHWpRUjNupFL community created a community chat.
Come and say hi😺
xitter.cf/i/chat/group_join/g210…
stan retweeted
RAY tokenomics that are not yet widely known / reported on.
🟣 ~30% of circulating solana:4k3Dyjzvzp8eMZWUXbBCjEvwSkkk59S5iCNLY3QrkX6R has been bought back.
🟣 Effective float ~187M vs ~270M reported.
🟣 ~$62M liquid treasury + no major unlock overhang.
🟣 Buybacks significantly exceed new RAY emissions. Net deflationary.
When Raydium launched in 2021, we became one of the first platforms to implement buybacks at scale.
We don’t have an equity structure, because that didn’t exist at the time.
The goal has always been build a platform, grow revenue, drive value to $RAY.
Flash forward to today.
The Protocol has spent $200m to buyback 30% of the circulating supply (85M $RAY). The adjusted circulating supply is ~187M $RAY, when you account for bought back tokens.
Raydium holds ~$62 million on its balance sheet in SOL and USDC, publicly verifiable onchain. Our net dilution is a rounding error (some small liquidity incentives). Team and investor unlocks ended in Feb 2024.
My view as an operator is simple:
- grow revenue
- spend responsibly
- decrease supply
stan retweeted
This is slowly but surely, no jetting right now.
I actually like how $RAYCAT is moving at the moment.
No crazy vertical candles, no unnecessary hype, just slowly building momentum and letting the chart develop naturally.
imo, these are the kind of moves you want to see before a bigger expansion.
When a coin takes its time, consolidates, and keeps holding its levels instead of instantly nuking, it gives the market more room to build.
Well, $RAYCAT is down to around 870K MC… and honestly, this is exactly where you should be paying attention.
Markets move in cycles, and every strong move eventually gives people a chance to accumulate at a discount. Instead of chasing green candles at the top, this is the moment to look at the bottom and ask yourself:
“What if this is the discount before the next ATH?”
$RAYCAT already has the narrative, the community, and the connection to the $RAY ecosystem. A dip like this doesn't automatically mean the story is over — it can be an opportunity for those who believe in the next leg up.
870K MC is still tiny. If $RAYCAT gets the momentum back and starts reclaiming previous levels, the upside from here could become very interesting.
So while everyone is waiting for confirmation, smart money is looking for the discount.
Buy more $RAYCAT, accumulate while it's cheap, and get more $RAY.
stan retweeted
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$BASEPAD keeps building.
