๐ ๐ฃ๐๐บ๐ฝ.๐ณ๐๐ป: ๐ง๐ต๐ฒ ๐๐ถ๐ด๐ด๐ฒ๐๐ ๐ฉ๐ฎ๐น๐๐ฒ ๐๐ ๐๐ฟ๐ฎ๐ฐ๐๐ผ๐ฟ ๐ถ๐ป ๐๐ฟ๐๐ฝ๐๐ผ ๐๐ถ๐๐๐ผ๐ฟ๐? ๐ธ
Since its launch, Pump.fun has extracted a staggering $70 million worth of SOL, making it potentially the largest value extractor from a Layer 1 blockchain ever. This presents an intriguing challenge for Solanaโs digital economy. ๐ง
๐ก Unlike traditional economies where capital rotates and injections outpace flight (think U.S. economy), on Solana, capital outflowsโoften driven by Pump.funโtend to suppress SOL's price over time, outpacing buying pressure.
No hate here though! ๐ This is pure geniusโPump.fun is arguably one of the most successful businesses in crypto history. ๐๐ผ
What do you think about this dynamic?
Letโs discuss! ๐
