The @PlasmaFDN public sale via @echodotxyz is currently ongoing and will conclude in roughly 6 days, on Monday, July 28 at 9:00 AM ET So far, the $50m public sale is 1.17x over-committed in total, even with 36.6% of reserved allocation remaining unclaimed. The average committed amount by users is 51x their reserved amount, while the median committed amount is 1.8x. According to Plasma's blog post: "Depositors who (i) secured an allocation during the deposit period and (ii) successfully completed onboarding through Sonar are guaranteed an XPL allocation during the public sale and can commit their funds at any point during the sale window. Additionally, overcommitments are permitted to secure any allocated, but unpurchased XPL. At the conclusion of the sale, any unpurchased XPL from reserved allocations will be sold proportionally to participants who commit additional funds, based on their share of total committed funds. To be eligible, you must include the additional funds as part of your commitment during the sale window. This mechanism ensures unused allocation is efficiently reallocated to long-term aligned participants. Over-committed capital will be returned to participants after the token sale is completed." We predict there will be an influx of reserved allocations purchased in the last few hours, and we'll post an update once the sale has completed where we unpack the data.

Daniel Smith is botting on main he is one step away from QT’ing things and saying 🤯🤯🤯 ETH capitulation? is he going BANKLESS? > rev mentioned

The 88uq....F6iE wallet has received 65.9k SOL which was previously moving between wallets PumpFun controlled wallets They seem to have began buy-backs again ranging from $500-$2k in size still no official announcement from the @pumpdotfun team on their buy-back strategy

JitoSOL to be listed on Coinbase

Pretty insane numbers for the @phantom x @HyperliquidX integration In less than a month since launch, it has done over $1.4bn in volume from 15k+ users Top user has done over $42m of volume h/t to @hydromancerxyz for the data

The 88uq....F6iE address just received an additional 650 SOL from 6UJoY....F848 No buy-backs have occurred yet

100% of Jito Protocol Revenue Will Go To the DAO Jito just unveiled their most important product to date, and while there is lots to unpack from the product standpoint - an important market catalyst was revealed: "Jito Foundation and Jito Labs are collaborating on a JIP to direct *all fees* collected by Jito from BAM and the Jito Block Engine to the DAO Treasury." Currently, the DAO and Jito Labs split a collective 6% take rate on tips 50/50 (3% each), but this upcoming proposal would change that, directing all value towards the DAO. Using the current 30, 60, and 90 day moving averages, along with the median daily tip amount over the last year, the 6% take rate on Tips annualizes to the following: 30-D: $27,820,634 60-D: $25,876,009 90-D: $35,457,431 Median 1-Y: $39,912,695 In addition, the median weekly JitoSOL staking reward fee annualizes to an additional $9.3m for the DAO. Add in interceptor, a lesser known product, and the DAO is looking at approximately $45m-$50m in annual revenue for the DAO. Directing 100% of take rates on fees are set to bolster Jito's strongest existing revenue stream. On BAM: We will share some deeper thoughts within an upcoming research report, but our high level takeaway is that Jito's success has always come from obsessing over improving the user experience on Solana, and this is continued progress in that direction. They made a controversial decision in the past to deprecate their mempool, only to see that decision lead to a surge of activity on the network. And while moving away from an incumbent solution with a dominant market share is bold, we believe the continued desire to improve overall network functionality will, in hindsight, once again prove obvious for driving increased user activity. With BAM Jito is offering protocols an opportunity to enable more efficient, transparent, and decentralized block-building via plug-ins. We believe this will boost revenue and unlock a new wave of value creation for all stakeholders. In Summary, we several postiive tailwinds for Jito right now - Staked SOL ETFs - SubDAO on Token-Economics funded - 100% of Revenue going to the DAO (full alignment) - and now the Block Assembly Marketplace (BAM) We are excited to share more of our thoughts on all these topics in our upcoming research report. Be sure to follow and subscribe to our substack so you can get it first!

Introducing BAM: The Block Assembly Marketplace that revolutionizes how Solana processes transactions. Private. Transparent. Verifiable. This is how Solana wins ⬇️

Missed this yesterday, but looks like the Pump Fun Buy-Back wallet transferred the 67.3k SOL ($12m) to a new address : 6UJoY1CFEymoqMrnmBLeZoemBGiJcySNdR7Jyj2nF848 This new address then sent 741 SOL 15 hours ago to 88uq8JNL6ANwmow1og7VQD4hte73Jpw8qsUP77BtF6iE The 88uq....F6iE address then bought about 700 SOL of PUMP across 31 transactions, ranging in smaller sizes than previously seen, with an average buy back worth approximately $4k

i feel like tom lee in his prime