solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump just printed a new ATH around $10M MC
Quite a few people who followed my previous solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump plan have been asking whether the thesis has changed, so I went back and checked everything the team has shipped since my last research post
And this time, there is one update that I think actually matters
It is not a new listing or another wave of KOLs. The tokenomics of solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump itself have changed
In my previous post, I pointed out that the 15% platform fee was not distributed to solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump holders, so I did not want to assign utility to the token that did not actually exist
That has now changed
The team has plugged solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump directly into the economics of AgencyPad
Under the new mechanism, once a coin on the pad generates enough fees, 15% is used to market buy solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump periodically, and all tokens purchased are then burned on-chain
Put simply, more activity on AgencyPad means more fees are generated, and part of those fees now creates direct buy pressure on solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump before the purchased tokens are burned
This is a pretty significant change from the original thesis
Previously, the flywheel mainly existed within each individual coin. Volume generated fees, those fees funded the mind and its treasury, and the mind could then use that treasury for buybacks, burns, holder rewards, jackpots and other actions
Now, activity across the entire AgencyPad ecosystem has a direct connection back to solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump
And the mechanism has already started running
The last time I checked, the system had completed 2 buybacks, spending around 3.03 SOL in total and burning roughly 68,050 solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump
But I do not want to overhype those numbers
3 SOL of buy pressure obviously does not explain a move to $8M. The current scale is still tiny compared with the token's market cap and trading volume
What matters more to me is the potential of this mechanism if AgencyPad continues to scale. If more coins generate real volume and fees, the amount of solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump being bought and burned could scale alongside that activity
That is what I want to watch next
On the product side, the team has also launched AI Influencer. Each coin's mind can now have its own character, create content and videos, and post them on X
I do not see this as a catalyst on the same level as the tokenomics change, but it does show that the team is still shipping product
In my previous research, I said I did not want to see more narrative. I wanted to see larger treasuries, larger actions, more visible buybacks and burns, more active minds, and enough volume to keep the entire system running
Part of that thesis is now starting to show up, but in a slightly different way
solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump itself has now become part of the flywheel
As for the chart, after a move from nearly $1M to a new ATH around $10M, I do not think this is the time to FOMO
What I want to see next is whether the buybacks continue consistently, whether the size of the burns grows alongside activity on the pad, and whether there is enough sustainable volume to keep this mechanism running
If those numbers continue to scale, the solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump thesis becomes significantly stronger than it was when I published my original research
For now, the mechanism is running, but it is still far too early to call the flywheel proven
I will keep watching solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump
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And another one I want to mention is solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump
If you just read my $WWW research, this one will probably feel familiar because both are running almost the same meta :
AI agents + launchpad + tokens with their own “mind”
But there’s one interesting detail: solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump actually launched about a day before $WWW
And after digging deeper, I found that while the narrative is similar, the flywheel behind each project is quite different
$WWW is currently winning on attention, while solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump has a treasury mechanism that I think is worth digging into
The chart also just made a pretty aggressive move from around $1.4M to a ~$3.6M ATH, so instead of chasing it here, I wanted to see what’s actually behind the move
1. What does solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump actually do?
solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump is tied to AGENCY / a Solana launchpad built around a simple concept :
“Every coin gets a mind”
Instead of launching a memecoin and basically ending there, every token launched through AGENCY can have its own AI “mind”
At launch, creators can choose from AI models such as OpenAI, Anthropic, Google, Grok, etc. through OpenRouter
The mind can then observe the market, research the web/X, monitor holders and treasury activity, remember previous decisions, and use different capabilities provided by the platform
But the part that caught my attention the most isn’t the AI itself
It’s how creator fees are handled
According to the team’s docs, creator fees don’t simply flow back into the launcher’s wallet. The routing is designed to direct those fees into the token’s system, including AI credits + treasury, rather than letting the creator withdraw them directly
And this is where the flywheel starts
2. Volume is basically the fuel
AGENCY’s current fee model is pretty interesting
For the first $0–20 in fees, 100% goes toward model credits to wake the mind up
From $20–100, the split becomes :
50% credits / 50% treasury
After crossing $100, it changes to :
70% token treasury / 15% AI credits / 15% platform
In simple terms :
Trading => fees => treasury + compute => mind stays active => treasury can be used for new actions
And this is where the “living token” narrative actually comes from
The mind can use capabilities such as :
buybacks, burns, swaps, DCA, airdrops, jackpots, quests, contests, polls, holder rewards, treasury rebalancing, etc
So instead of the dev collecting fees and everyone having to trust that they’ll use them properly, Agency is experimenting with a different model :
route the fees into a treasury and let the mind decide how to use them within predefined rules
For me, this is the most interesting part of solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump
3. But the AI doesn’t actually control a wallet
I checked this part carefully because “AI managing a treasury” can easily be misunderstood
According to the architecture published by the team, the mind doesn’t hold private keys and doesn’t directly sign transactions
It proposes an action, but that action still has to pass through a policy engine + spending limits + separate signer before execution
Basically :
AI decides => policy checks => signer executes
It’s not like they’re giving Claude or GPT a wallet full of SOL and letting it send funds wherever it wants
I actually prefer this setup
It’s less sexy from a narrative perspective, but makes a lot more sense if the goal is for these treasuries to survive long term
4. solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump and $WWW are similar, but they’re not playing exactly the same game
This is where I think people are grouping both projects together a little too quickly
$WWW is more focused on :
compute => browser => research => memory
While the core of Agency is more like :
fees => treasury => autonomous financial actions
Put simply :
$WWW : give every coin an AI that can browse and think
solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump : give every coin a treasury and let its mind decide what to do with it
Agency has also just added browser/research capabilities for its minds, so the feature gap between the two is already getting smaller
But for me, the core Agency thesis is still the treasury
And yes, Agency launched roughly one day before $WWW in this current wave
That doesn’t mean Agency owns the concept or that $WWW copied Agency
Autonomous agents, AI treasuries and agentic tokens existed before either of them
I’m only talking about the timeline of these two tokens that CT is currently grouping into the same meta
5. More importantly, the product is actually running
One thing I like about Agency is that the team didn’t just launch a token and sit around selling the narrative
Minds on the platform have already started generating public thoughts and using actual capabilities
A few examples I checked :
$GrokBot triggered a buyback after detecting a price decline
$shoggoth graduated and then opened a jackpot/poll
Other minds have run contests, quests, jackpots or buyback/burn actions
Even solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump itself kept its mind running after graduation with a “months, not days” approach
The team also ran into an issue where the daily safety cap blocked buybacks/burns even when a treasury still had SOL, and later said they had adjusted that cap
I actually find this part interesting
Not because bugs are bullish, but because at least I’m seeing a product go through :
ship => hit problems => fix them => keep shipping
That’s better than a nice website and nothing else
But I don’t want to overhype this either
The treasury actions I’ve seen so far are still mostly only fractions of a SOL at a time
Compared with the token’s trading volume, that’s tiny
So :
having buybacks ≠ having buybacks large enough to sustain price
The mechanism is running
The economic effectiveness of that mechanism is still unproven
This is still a very early experiment
6. There are still plenty of risks
This is the part I don’t think should be ignored just because the narrative is hot
First, the token is extremely new and the chart just went vertical
Some scanners I checked also flagged bundlers at around ~18%, while liquidity at the time was only around $100K–200K against several million dollars in volume
I don’t treat a scanner flag as proof that the team is doing anything malicious
But for a freshly launched microcap, volume/liquidity like this + bundle concentration is still something I want to monitor
The team behind the platform also remains fairly anonymous, and I haven’t seen a strong independent audit that would make me treat everything described in their security architecture as third-party verified
And there’s one very important distinction :
The 15% platform fee does NOT mean solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump holders receive 15% of the revenue
I haven’t found documentation saying solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump holders directly receive that fee
So I’m not valuing solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump as a revenue-sharing token simply because the platform generates fees
If the team later introduces clear tokenomics around this, the thesis can change
For now, I’m not going to invent utility the token doesn’t have
7. How am I looking at the chart?
solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump just made a pretty clean move from roughly :
$1.4M => $3.6M MC
It’s now pulling back around the $3M+ area
I don’t like chasing here
The first area I’m watching is :
$3.0–3.1M
This is around the bottom of the recent red candle and also a clean psychological level. If it holds, the drop from ~$3.6M can still just be a normal pullback
But the area I’d be much more interested in if the market gives it back is :
$2.0–2.2M.
That’s close to the key breakout area before the latest expansion and gives me a much cleaner R:R than buying near ATH
Deeper down :
$1.4–1.7M
That’s the accumulation zone before the latest leg
If that gets lost too, then most of the current breakout has effectively been retraced and I’d reassess the thesis from scratch
So for me :
$3.0–3.1M - watch the reaction
$2.0–2.2M - the dip zone I’m most interested in.
$1.4–1.7M - final zone protecting the current structure
8. What catalysts do I want to see next?
Not another 20 KOLs tweeting about “AI agents”
I want to see the mechanism prove itself
Specifically, I want to see a mind build a large enough treasury to execute a meaningful buyback/burn that is clearly visible on-chain, rather than another 0.x SOL action
I also want to see more minds staying awake, enough volume generating fees to keep them running, and the team continuing to ship new capabilities
If volume dies => fees die => minds go to sleep, then the entire “living token” narrative starts losing its fuel
On the other hand, if activity keeps growing and treasuries start producing actions large enough for the market to actually notice, the flywheel becomes much more interesting
And there’s another indirect catalyst :
$WWW
$WWW is currently attracting more holders, liquidity and attention
If it keeps pushing the AI agent / living token narrative further, capital could easily start rotating into other names within the same meta
And Agency is one of the names I think deserves to stay on the radar
9. My final thesis
I don’t see solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump as simply “another $WWW”
They share a narrative, but they’re experimenting with two different approaches
$WWW turns fees into compute so its minds can browse/research
Agency turns fees into treasury and lets its minds decide how to use that treasury within predefined limits
Right now, $WWW is winning the attention game
But from a mechanism perspective, I think Agency is running a pretty interesting experiment
What I need next isn’t more narrative
I want to see :
larger treasuries => larger actions => visible buybacks/burns => more active minds => volume continuing to fuel the system
If those pieces start showing up while this meta stays hot, I think solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump could be one of the names capital rotates back into
But after a move from $1.4M => $3.6M, I see no reason to FOMO here
I’ll let the market give me the dip
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