i went through every $MASK fud on my tl and followed the money on-chain.
here's what the chain actually shows.
"dev holds 40%, rug incoming"
dev bought ~400M at launch and still holds ~385M today.
sold ~3M on day one. since then, his tokens only went to a burn wallet and the LP.
defillama literally tracks that wallet as protocol treasury.
"the token is useless"
100% of protocol fees go to $MASK buybacks. they post the burn tx almost every day.
21.6M $MASK burned so far. that's 2.16% of supply in 3 weeks.
"it's just a bonk guy pump"
nullmask is #
1# privacy protocol by revenue on defillama, ahead of tornado and railgun.
even counting only deposit/withdraw fees, it did more than railgun last week.
3 weeks after launch.
funny how the wallet everyone's scared of is the one burning supply.