1d ago
sonic minting 650m tokens to fund $150m institutional expansion after tvl dropped from $1.1b to $367m in 5 months. that's $111.8m dilution at current prices hitting a bleeding ecosystem. andre cronje building flying tulip dex with perpetual put options but the token unlock schedule doesn't care about new products. 5.02% supply unlocked september 9, another 14.2% increase coming. feem returns 90% of gas fees to developers but chain fees only $86k monthly. you're betting institutional flows arrive before dilution kills price
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