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Recent analyses reveal that between $3.6 billion and $6.6 billion has been extracted from meme trading on the Solana blockchain over the past one to two years. Various actors, including trading bots, applications, and insiders, contributed to this figure, with estimates suggesting that Trump insiders alone accounted for between $500 million and $1 billion. The total extraction from meme trading is believed to be significantly higher, possibly exceeding $10 billion. Comparatively, this amount surpasses all inflows from Ethereum ETFs and represents a substantial portion of Tether's lifetime fees and Bitcoin ETF inflows.
Numbers are always better with scale. @0xngmi calculations for SOL meme extractions are: • ~50% more than all ETH ETF inflows • Half of Tether lifetime fees • ~14% of BTC ETF inflows • 100% more than OpenSea earned lifetime https://t.co/vkMIJRvbMr https://t.co/umU0OJEs4M
$3B to $6B extracted over time on Solana memes by all kind of different actors according to a rough estimate by @0xngmi the real number is probably close or above $10B, meanwhile coin creation is exponential and market participants attention is shorter than a Tiktok This is… https://t.co/2NXrtVDIIQ
$3,600,000,000 to $6,000,000,000 EXTRACTED from meme trading on Solana in the last year or two. Unreal. We must return to fundamentals. https://t.co/cRl380UKeh