Okay, pulling you all into this one 👇 The gem -in my opinion- (ethereum:0x699ccf919c1dfdfa4c374292f42cadc9899bf753) quietly reshaped its whole supply/demand picture and I don't think people have clocked it yet. The new white paper does three things, all of them matter: 1. locks 10% of net sequencer revenue into buybacks (contract-enforced, not left to the team's discretion) 2. halves annual emissions to 2.5% 3. keeps the quarterly burns running on top. Separate from all that, the team is executing a €2M buyback over the next few weeks 🤯 So demand up, supply tightening.. at the same time. good setup to check in this bull run. Same as always and not advice, just what I'm watching.