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Stitch
@stitchdegen
Meme Research |
가입 December 2024
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solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump is actually going crazy right now After printing a new ATH around $8M, it barely took a break before continuing its expansion into the $13M to $14M MC range I already covered solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump in detail in my previous update, so I don’t want to repeat the entire research again Instead, I want to focus on one thing : Why is solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump actually moving this hard? I don’t think there’s a single catalyst behind it. Several things are happening at the same time, and the market is pricing them in very quickly 1. The tokenomics change is still the most important factor This is the clearest fundamental catalyst In my original research, I pointed out that solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump didn’t have clear value capture from activity across the entire platform. The 15% platform fee wasn’t being distributed to holders, so I didn’t want to assign utility to the token that didn’t actually exist That has now changed For coins that generate enough fees on AgencyPad, 15% is used to periodically market buy solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump, and the tokens purchased are then burned In my view, this is a meaningful improvement to the tokenomics If AgencyPad generates more activity and more fees, the potential buy pressure and amount of solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump being burned can scale alongside it But we still need to look at the actual numbers The last time I checked, there had been around 6 buybacks, roughly 19 SOL spent in total, and around 248K solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump burned Obviously, 19 SOL cannot explain a move to a $13M+ market cap So the market isn’t really pricing the amount already burned It’s front-running the possibility that this mechanism can scale in the future 2. AgencyPad is starting to generate real fuel Good tokenomics don’t mean much without activity behind them And this is where things are starting to get more interesting When I checked, solana:H7TuvDxEKygh27zGfGcjKG8JGWgrbyKpPtvJEpGosfas had reached around $1.4M MC and generated roughly $48K in fees within just a few hours $Aiden was around $30K in fees, while $shoggoth was around $29K This matters a lot If coins on AgencyPad don’t generate volume, there are no meaningful fees, and the solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump buyback and burn mechanism has no fuel But once runners start appearing and generating real activity and fees, the market naturally starts thinking further ahead One runner generating fees is one thing What happens if AgencyPad can consistently produce several of them at the same time? That, in my opinion, is what the market is betting on 3. $WWW helped open up the entire meta A big part of this move is also about attention And I think we have to mention $WWW here solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump actually launched roughly a day before $WWW in this current wave, but $WWW was the one that initially captured much more attention In my original research, I also mentioned that $WWW was winning the attention game, while what interested me more about solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump was the treasury mechanism I think $WWW played a major role in bringing CT into the broader AI agent and living token narrative But attention on CT rarely stays on one ticker forever As $WWW’s momentum started cooling down, alongside a lot of FUD and debate around the project, I think the market naturally started looking at other names within the same meta And solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump was in a pretty good position to benefit from that rotation It appeared earlier in this wave, the product was still being built, and right as attention started broadening out, its tokenomics also received a meaningful upgrade I’m not saying $WWW goes down and that money automatically flows into $AGENCY I think the better way to look at it is : $WWW helped bring attention to the meta, and solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump is now capturing a larger share of that attention 4. KOLs aren’t just talking about it, some are actually buying This is another factor that I think has amplified the move solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump is appearing more and more across CT, from traders and researchers to larger accounts But more importantly, this isn’t just social attention anymore There is real capital going into the token From the on-chain data I checked, a wallet associated with Frank bought roughly $95K worth of solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump, with the displayed average entry around $7.4M MC and no sells at the time of the snapshot A wallet associated with rasmr also deployed around $60K, with buys around the $8M to $10M MC range I think this creates two effects The first is real spot demand The second is social proof When CT sees closely watched traders building positions, more people start researching the same ticker. If the chart keeps moving, even more people notice it, and the attention starts feeding itself That’s why KOL participation here matters more than just another shill post Still, KOL buying alone doesn’t prove that the current valuation is justified. It helps explain part of the capital flow and attention, but it doesn’t replace fundamentals 5. The team keeps giving the market something new to talk about Another thing I wouldn’t ignore is that Agency hasn’t allowed the narrative to go cold Browser capabilities, research, treasury actions, AI Influencer, and now the buyback and burn mechanism I don’t think any single one of these features explains the chart But when a team keeps shipping while the narrative is hot, CT constantly has something new to research and discuss That helps attention last longer instead of the project pumping on one announcement and then disappearing More importantly, it reinforces the perception that AgencyPad is trying to build an actual product, not just another AI ticker 6. solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump currently has two flywheels running at the same time This is probably the simplest way I can explain the entire situation The first is the economic flywheel Activity on AgencyPad generates fees. Part of those fees can be used to buy and burn solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump. If the pad continues producing runners, the fuel behind this mechanism can grow The second is the attention flywheel $WWW helped open the meta. solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump started breaking out. Traders and KOLs began buying. CT started talking about it more. Runners appeared on AgencyPad. People returned to the pad looking for the next opportunity, bringing even more attention into the ecosystem The two are starting to reinforce each other But right now, I think one thing needs to be clear : The attention flywheel is moving faster than the economic flywheel The mechanism is real and the burns are happening, but the current scale still hasn’t caught up with the valuation 7. Liquidity and FOMO are amplifying everything Finally, there’s the market structure itself When you combine improved tokenomics, a hot narrative, new runners, KOL capital and an entire CT talking about the same ticker, FOMO is almost inevitable And in a relatively thin market, new capital can push valuation much faster than fundamentals can grow That’s why I wouldn’t look at the chart and assume solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump’s fundamentals have expanded at the same pace The fundamentals have improved, but expectations and attention are moving faster than the fundamentals So if you ask me why solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump is flying, I don’t think the answer is simply the buyback and burn mechanism It’s the combination of better tokenomics, runners starting to generate fees, $WWW opening up the meta, attention rotating across CT, KOLs actually deploying capital, the team continuing to ship, and FOMO amplifying all of it In my view, the tokenomics are clearly stronger than when I first researched solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump, but they still need time to prove they can scale From here, I don’t need another nice announcement I want to see more runners, sustainable fees, consistent buybacks, and the amount of solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump being burned actually increasing alongside activity on AgencyPad If that happens, the economic flywheel can start catching up with the attention flywheel That’s what I’ll be watching next with solana:7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump 7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump
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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 7VertkgF9KLhxxJXHX6uaWuoYZTP9LdGj2bWmVXVpump
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