 | Meme coin season is mostly happening on Ethereum mainnet even causing the gas fees to go crazy high. This however is a good thing for eth holders. The 30 day supply decrease is 0.78% that was before the meme season began. Now compare it to the meme season which started about a week ago, you can see that the supply would decrease by 1.5%. meme season has increased the burn rate by 2x. So the longer meme season lasts the more eth will be burned! This can all be verified on ultrasound.money which is a website about all things eth and it's burn mechanism. [link] [comments] |
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