-29.6% in 24h for base:0x9b5e262cf9bb04869ab40b19af91d2dc85761722 while 30d still reads +51%. 54% of the 4.29B cap is mined, and 1.18M new tokens print every day: $36K of sell pressure against $4.5M in daily volume, which means emissions eat 1% of the tape daily with no customer paying for proofs yet. Phase II at block 65,500 halves the flow, but the story only becomes a fee line when someone pays base:0x9b5e262cf9bb04869ab40b19af91d2dc85761722 to post a proof.
VALAIShare
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