I took a look at Pons’s latest on-chain data and MEADGod’s posts over the past couple of days.
Pretty interesting.
First, the data.
The black hole has burned over 32.85%, and the number of holders has topped 103,000.
The burns are ongoing.
But the ETH in the burn contract is running low.
There were 108 ETH ten days ago; I just checked the mainnet RPC, and now there are only 53.9 left.
With the broader market turning risk-averse after Binance’s $5.8 billion heist, Pons’s protocol revenue was cut in half today, down to just $32,000.
More than half of the reserves have been burned.
If on-chain trading volume doesn’t pick up, the buyback pace will definitely have to slow down.
Ozzy’s moves over the past couple of days have been pretty wild, too.
Yesterday, he went out to a meeting and missed Binance’s $5.8 billion heist, then posted “WTF.”
Early this morning, Name.com’s DNS had a major incident, and the front ends of more than a dozen protocols were infected with trojans.
Blockaid accidentally took out Clutch Markets in the process.
Ozzy quickly posted a clarification: they got the domain wrong—the legitimate one is .io.
Then he teamed up with MetaMask’s Tayvano and Ogle to investigate supply-chain vulnerabilities across the board.
At this point, these few people are basically the ones keeping the RH chain going.
The market really is cold.
But founders who can jump in within seconds to clean up after a black swan event are better than ones who play dead.$PONS
#RichardTeng表示币安将用公司资金全额覆盖损失
Pretty interesting.
First, the data.
The black hole has burned over 32.85%, and the number of holders has topped 103,000.
The burns are ongoing.
But the ETH in the burn contract is running low.
There were 108 ETH ten days ago; I just checked the mainnet RPC, and now there are only 53.9 left.
With the broader market turning risk-averse after Binance’s $5.8 billion heist, Pons’s protocol revenue was cut in half today, down to just $32,000.
More than half of the reserves have been burned.
If on-chain trading volume doesn’t pick up, the buyback pace will definitely have to slow down.
Ozzy’s moves over the past couple of days have been pretty wild, too.
Yesterday, he went out to a meeting and missed Binance’s $5.8 billion heist, then posted “WTF.”
Early this morning, Name.com’s DNS had a major incident, and the front ends of more than a dozen protocols were infected with trojans.
Blockaid accidentally took out Clutch Markets in the process.
Ozzy quickly posted a clarification: they got the domain wrong—the legitimate one is .io.
Then he teamed up with MetaMask’s Tayvano and Ogle to investigate supply-chain vulnerabilities across the board.
At this point, these few people are basically the ones keeping the RH chain going.
The market really is cold.
But founders who can jump in within seconds to clean up after a black swan event are better than ones who play dead.$PONS
#RichardTeng表示币安将用公司资金全额覆盖损失
