Checking in on $SAGA - in case you’re stuck on the @Sagaxyz__ Airdrop 🪂treadmill 1⃣Massive Unlocks Looming 2⃣Inflation 3⃣Airdrop Treadmill 4⃣Chain Usage 1⃣Massive Unlocks 🔸April 9, 2025: Cliffs end, 133.33M tokens hit (148% of 90M initial supply). 🔸Core Contributors: 66.72M (33.36% of 200M). 🔸Investors: 50.04M (33.36% of 150M). 🔸Rest (16.57M): Likely ecosystem/airdrops, but unclear. Price impact: Down unless demand magically appears (from where?). I usually don't talk about price action nor am I qualified for it but you can't ignore this. 2⃣Inflation 🔸7% yearly = ~70M new tokens. No burn in sight. 🔸Stakers diluted, chasing more $SAGA rewards. More tokens ≠ more value. 3⃣Airdrop Lock-In Trap & Treadmill 🔸Total airdrop allocation: 140M-155M (14%-15.5% of 1B supply). 🔸Genesis: 45M (15M claimed, 30M unclaimed). 🔸Future drops: 95M-110M left (varies by source). 🔸Airdrop Vaults push for max restaking and now shifting slowly to LP. Keeps you in, but value’s tanking - loyalty’s a leash, not a lifeline. 4⃣Chain Usage? Crickets 🔸 Saga’s “L1 for L1s” sounds slick, but where’s the beef? 350+ testnet projects by April 2024 (80% gaming - Rogue Nation, Generative Dungeon, Vennity), yet mainnet’s quiet a year in. 🔸Partnerships (Avalanche, Polygon) tease potential, but no big names live. Tech’s unproven without adoption. tl;dr: Unlocks flood supply, adoption’s MIA, and staking’s a hamster wheel. ➡️The chain’s gotta deliver something real to justify holding. ➡️We are all hungry to hear who is building with $SAGA underneath and I hope the Team account will highlight these partners or provide more directional updates beyond telling us how great the stack is. DYOR, NFA. Numbers might be off - Happy for $SAGA to drop official stats and I'll post an update. (just some of the) Sources: https://t.co/ejAo8NXt0A https://t.co/vPZAdtagj5 https://t.co/njQpehM4PP https://t.co/rJHfTVHbO0 https://t.co/cYCp7QrDw4 🫡