<?xml version="1.0" encoding="UTF-8"?><rss xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:atom="http://www.w3.org/2005/Atom" version="2.0" xmlns:itunes="http://www.itunes.com/dtds/podcast-1.0.dtd" xmlns:googleplay="http://www.google.com/schemas/play-podcasts/1.0"><channel><title><![CDATA[Circular.fi: Token Research]]></title><description><![CDATA[We're doing advanced research on high-influence tokens]]></description><link>https://blog.circular.fi/s/token-research</link><image><url>https://substackcdn.com/image/fetch/$s_!KQGz!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F48eb8ec6-2f6d-4dab-b537-6399d6cdf9e5_1024x1024.png</url><title>Circular.fi: Token Research</title><link>https://blog.circular.fi/s/token-research</link></image><generator>Substack</generator><lastBuildDate>Wed, 08 Apr 2026 13:52:47 GMT</lastBuildDate><atom:link href="https://blog.circular.fi/feed" rel="self" type="application/rss+xml"/><copyright><![CDATA[Circular.fi]]></copyright><language><![CDATA[en]]></language><webMaster><![CDATA[circularfi@substack.com]]></webMaster><itunes:owner><itunes:email><![CDATA[circularfi@substack.com]]></itunes:email><itunes:name><![CDATA[Circular.fi]]></itunes:name></itunes:owner><itunes:author><![CDATA[Circular.fi]]></itunes:author><googleplay:owner><![CDATA[circularfi@substack.com]]></googleplay:owner><googleplay:email><![CDATA[circularfi@substack.com]]></googleplay:email><googleplay:author><![CDATA[Circular.fi]]></googleplay:author><itunes:block><![CDATA[Yes]]></itunes:block><item><title><![CDATA[Solana’s Pump.fun: Fair Launch Hype or Full Unlock Reality]]></title><description><![CDATA[The Pump.fun story is more than hype. July 12, 2025, raised $1 billion while preaching decentralization. Here&#8217;s what really happened and why it matters.]]></description><link>https://blog.circular.fi/p/solanas-pumpfun-fair-launch-hype</link><guid isPermaLink="false">https://blog.circular.fi/p/solanas-pumpfun-fair-launch-hype</guid><pubDate>Wed, 06 Aug 2025 06:15:11 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!knVS!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb6e6d151-641f-4f3f-8f74-6eae919c6cf2_2720x1528.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!knVS!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb6e6d151-641f-4f3f-8f74-6eae919c6cf2_2720x1528.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!knVS!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb6e6d151-641f-4f3f-8f74-6eae919c6cf2_2720x1528.png 424w, https://substackcdn.com/image/fetch/$s_!knVS!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb6e6d151-641f-4f3f-8f74-6eae919c6cf2_2720x1528.png 848w, https://substackcdn.com/image/fetch/$s_!knVS!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb6e6d151-641f-4f3f-8f74-6eae919c6cf2_2720x1528.png 1272w, https://substackcdn.com/image/fetch/$s_!knVS!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb6e6d151-641f-4f3f-8f74-6eae919c6cf2_2720x1528.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!knVS!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb6e6d151-641f-4f3f-8f74-6eae919c6cf2_2720x1528.png" width="1456" height="818" 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srcset="https://substackcdn.com/image/fetch/$s_!knVS!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb6e6d151-641f-4f3f-8f74-6eae919c6cf2_2720x1528.png 424w, https://substackcdn.com/image/fetch/$s_!knVS!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb6e6d151-641f-4f3f-8f74-6eae919c6cf2_2720x1528.png 848w, https://substackcdn.com/image/fetch/$s_!knVS!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb6e6d151-641f-4f3f-8f74-6eae919c6cf2_2720x1528.png 1272w, https://substackcdn.com/image/fetch/$s_!knVS!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb6e6d151-641f-4f3f-8f74-6eae919c6cf2_2720x1528.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><h2><strong>&#8988;Introduction&#8989;</strong></h2><p>Pump.fun is a platform that streamlines token creation on Solana. Users can launch a token by filling out a form with a name, symbol, description, and image, for a small fee (around 0.02 SOL). <br>All tokens are launched fairly, with no presale or reserved allocations, minimizing the risk of rug pulls.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!G7w3!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!G7w3!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!G7w3!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!G7w3!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!G7w3!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!G7w3!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png" width="1456" height="75" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:75,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:2360,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/164786774?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!G7w3!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!G7w3!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!G7w3!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!G7w3!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png 1456w" sizes="100vw"></picture><div></div></div></a></figure></div><h2><strong>&#8988;Token $ PUMP&#8989;</strong></h2><p>The PUMP token from the Pump.fun platform launched on July 12, 2025, through an initial coin offering (ICO) that raised $600 million in just 12 minutes, following a $400 million private sale. The launch reached a fully diluted valuation (FDV) of approximately $4 billion. <br>Initially priced at $0.004 during the ICO, the token quickly surged to a high of $0.0065 before pulling back to around $0.0052. In the following days, it traded between $0.0037 and $0.0053, reflecting significant volatility.</p><p>The price of PUMP surged by 20%, reaching a peak of $0.00678, with its fully diluted valuation (FDV) exceeding $6.3 billion. The 24-hour trading volume also spiked by 140%, hitting $1.32 billion.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!v3_2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" width="1456" height="75" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:75,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:2360,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:&quot;&quot;,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/164786774?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw"></picture><div></div></div></a></figure></div><h2><strong>&#8988;Token Distribution&#8989;</strong></h2><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!phHN!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc5a80d79-1e62-4f2c-a285-956051d99023_1600x960.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!phHN!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc5a80d79-1e62-4f2c-a285-956051d99023_1600x960.png 424w, https://substackcdn.com/image/fetch/$s_!phHN!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc5a80d79-1e62-4f2c-a285-956051d99023_1600x960.png 848w, https://substackcdn.com/image/fetch/$s_!phHN!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc5a80d79-1e62-4f2c-a285-956051d99023_1600x960.png 1272w, https://substackcdn.com/image/fetch/$s_!phHN!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc5a80d79-1e62-4f2c-a285-956051d99023_1600x960.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!phHN!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc5a80d79-1e62-4f2c-a285-956051d99023_1600x960.png" width="1456" height="874" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/c5a80d79-1e62-4f2c-a285-956051d99023_1600x960.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:874,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!phHN!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc5a80d79-1e62-4f2c-a285-956051d99023_1600x960.png 424w, https://substackcdn.com/image/fetch/$s_!phHN!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc5a80d79-1e62-4f2c-a285-956051d99023_1600x960.png 848w, https://substackcdn.com/image/fetch/$s_!phHN!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc5a80d79-1e62-4f2c-a285-956051d99023_1600x960.png 1272w, https://substackcdn.com/image/fetch/$s_!phHN!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc5a80d79-1e62-4f2c-a285-956051d99023_1600x960.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" 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x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!v3_2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" width="1456" height="75" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:75,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:2360,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:&quot;&quot;,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/164786774?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><h2><strong>&#8988;Founding Ambition&#8989;</strong></h2><p>Pump.fun&#8217;s true ambition on Solana is to build the TikTok of Web3, where tokens are the content, creators are streamers and entertainers, and viewers become investors. A platform where anyone can launch a token as easily as going live on Twitch, posting a TikTok, or dropping a YouTube Short.<br><br>Here, creators aren&#8217;t chasing likes they&#8217;re earning &#8220;buys&#8221; on the tokens they launch.</p><p>Pump.fun introduces a new creative language for the Web3 era, blending memes, markets, and influence. It&#8217;s a tokenized streaming economy, driven by viral ideas and the personalities who bring them to life.<br>Web3 is no longer just for devs or traders, it&#8217;s becoming a stage to entertain, build, and monetize, just like Twitch or TikTok.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!v3_2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" width="1456" height="75" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:75,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:2360,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:&quot;&quot;,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/164786774?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><h2><strong>&#8988;Buyback&#8989;</strong></h2><p>Pump.fun has recently refined its revenue strategy. Instead of selling its SOL on exchanges like Kraken, the platform is now reinvesting protocol fees into a structured buyback program for PUMP tokens.</p><p>On July&#8239;16,&#8239;2025, the platform allocated 187,770&#8239;SOL (&#8776;&#8239;$30.6&#8239;million) from its fee wallets to a dedicated buyback wallet. <br>To date, 111,953&#8239;SOL (&#8776;&#8239;$18.3&#8239;million) has been used to repurchase 3.04&#8239;billion PUMP tokens at an average price of ~$0.006 per token. The purchased tokens have been moved to a separate storage address, signaling a long&#8209;term commitment to supporting token value.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!v3_2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" width="1456" height="75" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:75,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:2360,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:&quot;&quot;,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/164786774?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><h2><strong>&#8988;Controversial Launch&#8989;</strong></h2><h4>[Controversial Statements from the Co-Founder]</h4><p>In March 2024, Alon, co-founder of Pump.fun, described token presales as &#8220;scams,&#8221; claiming their only real purpose was to let creators &#8220;pocket&#8221; the funds raised. </p><div class="pullquote"><p>pseudonym @a1lon9<br><em><a href="https://x.com/a1lon9/status/1774152655436226727">&#8220;Only upside to presales are that they allow you to pocket raised&#8239;$$$. Conclusion: every pre&#8209;sale is a scam.&#8221;</a></em></p></div><p>He also voiced strong skepticism toward CEX listings, calling them &#8220;outdated&#8221; due to a lack of transparency and the questionable quality of listed tokens. <br>His comments gained significant traction on social media, particularly on X (formerly Twitter), and sparked broader discussion around Pump.fun&#8217;s launch strategy.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!VhFK!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff55a892e-5e59-4540-ba3f-d8d2d43ea575_1024x1024.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!VhFK!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff55a892e-5e59-4540-ba3f-d8d2d43ea575_1024x1024.png 424w, https://substackcdn.com/image/fetch/$s_!VhFK!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff55a892e-5e59-4540-ba3f-d8d2d43ea575_1024x1024.png 848w, https://substackcdn.com/image/fetch/$s_!VhFK!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff55a892e-5e59-4540-ba3f-d8d2d43ea575_1024x1024.png 1272w, https://substackcdn.com/image/fetch/$s_!VhFK!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff55a892e-5e59-4540-ba3f-d8d2d43ea575_1024x1024.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!VhFK!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff55a892e-5e59-4540-ba3f-d8d2d43ea575_1024x1024.png" width="376" height="376" 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srcset="https://substackcdn.com/image/fetch/$s_!VhFK!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff55a892e-5e59-4540-ba3f-d8d2d43ea575_1024x1024.png 424w, https://substackcdn.com/image/fetch/$s_!VhFK!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff55a892e-5e59-4540-ba3f-d8d2d43ea575_1024x1024.png 848w, https://substackcdn.com/image/fetch/$s_!VhFK!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff55a892e-5e59-4540-ba3f-d8d2d43ea575_1024x1024.png 1272w, https://substackcdn.com/image/fetch/$s_!VhFK!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff55a892e-5e59-4540-ba3f-d8d2d43ea575_1024x1024.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><h4>[Contradiction with the Launch Strategy]</h4><p>Despite these earlier positions, Pump.fun proceeded with an initial coin offering (ICO) for the PUMP token on July 12, 2025, in partnership with major centralized exchanges including Bybit, Kraken, KuCoin, Bitget, Gate.io, and MEXC. This move was widely seen as contradicting the Alon previous statements.</p><p>Additionally, all tokens purchased during the ICO were fully unlocked at launch, with no vesting period, ensuring full liquidity from day one. <br>In contrast, tokens from CEX pre-sales were officially subject to a two-day vesting period, yet some early buyers were able to sell them ahead of the public launch. Despite what some viewed as a contradictory setup, the launch proved to be a phenomenal success, driven by strong demand and sustained momentum.</p><p>Pump.fun&#8217;s launch strategy has sparked mixed reactions within the crypto community. While some view it as a strategic evolution from earlier criticisms of presales, others have raised questions about message consistency and called for greater clarity. The ongoing discussion highlights growing interest in the project and close attention to its direction.</p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://blog.circular.fi/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://blog.circular.fi/subscribe?"><span>Subscribe now</span></a></p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!v3_2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" width="1456" height="75" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:75,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:2360,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:&quot;&quot;,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/164786774?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><h2><strong>&#8988;$ PUMP &amp; MEV&#8989;</strong></h2><p>MEV arbitrage Data Report</p><ul><li><p>20,344 wallets used MEV bots to actively trade $TRUMP.</p></li><li><p>$578&#8239;774,11 profitable all transactions were executed.</p></li><li><p>$275,147.08 in cumulative profits were generated by these bots.</p></li><li><p>53.211908 SOL was earned from <a href="https://www.circular.fi/tx/n5YbBCHEmbsiGYXjKZvUW7xsohTnee98cepqN7RT2PPhmHh8XaoFpkQW3GoAyCJtyX3RWop4QkMXZqmdVkRUi8U">the single most profitable MEV transaction.</a></p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!oLy0!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F20258e4c-d8d9-49e0-95e8-0c000027ad3f_1258x274.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!oLy0!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F20258e4c-d8d9-49e0-95e8-0c000027ad3f_1258x274.png 424w, https://substackcdn.com/image/fetch/$s_!oLy0!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F20258e4c-d8d9-49e0-95e8-0c000027ad3f_1258x274.png 848w, https://substackcdn.com/image/fetch/$s_!oLy0!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F20258e4c-d8d9-49e0-95e8-0c000027ad3f_1258x274.png 1272w, https://substackcdn.com/image/fetch/$s_!oLy0!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F20258e4c-d8d9-49e0-95e8-0c000027ad3f_1258x274.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!oLy0!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F20258e4c-d8d9-49e0-95e8-0c000027ad3f_1258x274.png" width="1258" height="274" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/20258e4c-d8d9-49e0-95e8-0c000027ad3f_1258x274.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:274,&quot;width&quot;:1258,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:63019,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/168528983?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F20258e4c-d8d9-49e0-95e8-0c000027ad3f_1258x274.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!oLy0!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F20258e4c-d8d9-49e0-95e8-0c000027ad3f_1258x274.png 424w, https://substackcdn.com/image/fetch/$s_!oLy0!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F20258e4c-d8d9-49e0-95e8-0c000027ad3f_1258x274.png 848w, https://substackcdn.com/image/fetch/$s_!oLy0!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F20258e4c-d8d9-49e0-95e8-0c000027ad3f_1258x274.png 1272w, https://substackcdn.com/image/fetch/$s_!oLy0!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F20258e4c-d8d9-49e0-95e8-0c000027ad3f_1258x274.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a><figcaption class="image-caption">AMMs Rank</figcaption></figure></div></li></ul><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!v3_2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" width="1456" height="75" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:75,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:2360,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:&quot;&quot;,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/164786774?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><h2><strong>&#8988;Final Summary&#8989;</strong></h2><p>The future of Pump.fun and its PUMP token appears to be shaped by a proactive effort to support token value, notably through its buyback program. <br>While the platform experienced significant volatility following its launch, it has demonstrated a clear intent to reduce circulating supply in an attempt to create upward pressure on price.<br><br>The Web3 envisioned by this rising giant isn&#8217;t just for developers or traders &#8212; it&#8217;s becoming a stage to entertain, build, and monetize, much like streaming platforms such as Twitch or TikTok.<br>A long-term vision that could reshape advertising itself: real-time, direct monetization through creator token purchases.<br><br>Looking ahead, Pump.fun&#8217;s long-term success will depend on its ability to attract users through diverse use cases and to reassure investors amid ongoing concerns.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!v3_2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" width="1456" height="75" 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srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><p>&#128591; Thank you for reading and for your support. If you find our work valuable,</p><p>&#128258; Share it and follow us to stay updated with the latest insights and analysis.</p><p>&#127760; Explore solutions on our website <strong><a href="https://www.circular.fi/">Circular.fi</a> </strong>.</p><p>&#128279; Join our community on <strong><a href="https://discord.gg/QQVnHgXT">Discord</a></strong>, follow us on <strong><a href="https://x.com/Circular_fi">X @Circular.fi</a></strong>, and <strong><a href="https://t.me/Circular_fi">Telegram</a> </strong>.</p><p>&#128075; See you soon for more updates!</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!v3_2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw"><img 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srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div>]]></content:encoded></item><item><title><![CDATA[U.S. Stocks to the Solana Blockchain]]></title><description><![CDATA[Backed Finance has launched xStocks, enabling the trading of real, tokenized U.S. equities directly on the Solana blockchain.]]></description><link>https://blog.circular.fi/p/us-stocks-to-the-solana-blockchain</link><guid isPermaLink="false">https://blog.circular.fi/p/us-stocks-to-the-solana-blockchain</guid><pubDate>Thu, 10 Jul 2025 08:34:16 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/5b5f8ac0-dc6b-4988-a05a-d69b0d58c7bc_4096x2300.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!OSsj!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4f836f05-bb34-4606-8e3b-d2873ca808a7_680x382.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!OSsj!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4f836f05-bb34-4606-8e3b-d2873ca808a7_680x382.png 424w, https://substackcdn.com/image/fetch/$s_!OSsj!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4f836f05-bb34-4606-8e3b-d2873ca808a7_680x382.png 848w, https://substackcdn.com/image/fetch/$s_!OSsj!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4f836f05-bb34-4606-8e3b-d2873ca808a7_680x382.png 1272w, https://substackcdn.com/image/fetch/$s_!OSsj!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4f836f05-bb34-4606-8e3b-d2873ca808a7_680x382.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!OSsj!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4f836f05-bb34-4606-8e3b-d2873ca808a7_680x382.png" width="680" height="382" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4f836f05-bb34-4606-8e3b-d2873ca808a7_680x382.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:382,&quot;width&quot;:680,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:151571,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/167327564?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4f836f05-bb34-4606-8e3b-d2873ca808a7_680x382.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!OSsj!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4f836f05-bb34-4606-8e3b-d2873ca808a7_680x382.png 424w, https://substackcdn.com/image/fetch/$s_!OSsj!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4f836f05-bb34-4606-8e3b-d2873ca808a7_680x382.png 848w, https://substackcdn.com/image/fetch/$s_!OSsj!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4f836f05-bb34-4606-8e3b-d2873ca808a7_680x382.png 1272w, https://substackcdn.com/image/fetch/$s_!OSsj!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4f836f05-bb34-4606-8e3b-d2873ca808a7_680x382.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><h3><strong>&#8988;Introduction&#8989;</strong></h3><p>In a major move bridging traditional finance and decentralized tech, Backed Finance has launched <a href="https://xstocks.com/">xStocks</a>, a platform enabling users to trade real, tokenized U.S. stocks directly on the Solana blockchain. <br>With over 60 blue-chip equities and <strong>ETFs now on-chain</strong>, global investors can access and interact with traditional stocks 24/7, without intermediaries and with unprecedented flexibility.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!G7w3!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!G7w3!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!G7w3!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!G7w3!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png 1272w, 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srcset="https://substackcdn.com/image/fetch/$s_!G7w3!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!G7w3!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!G7w3!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!G7w3!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png 1456w" sizes="100vw"></picture><div></div></div></a></figure></div><h3><strong>&#8988;Token&#8989;</strong></h3><p>The xStocks platform features tokenized versions of some of the most valuable and recognized U.S. stocks and index trackers, including:</p><ul><li><p><strong>Tech Giants:</strong> Apple (<strong>AAPLx</strong>), Nvidia (<strong>NVDAx</strong>), Microsoft (<strong>MSFTx</strong>), &#8230;</p></li><li><p><strong>Crypto-Linked Firms:</strong> Coinbase (<strong>COINx</strong>), Robinhood(<strong>HOODx</strong>), &#8230;</p></li><li><p><strong>Consumer Leaders:</strong> McDonald's (<strong>MCDx</strong>), Netflix (<strong>NFLXx</strong>), Amazon (<strong>AMZNx</strong>), &#8230;</p></li><li><p><strong>ETFs and Index Trackers:</strong> S&amp;P 500 (<strong>SPYx</strong>) , Nasdaq (<strong>QQQ</strong>), &#8230;</p></li></ul><p><br>Each token is backed 1:1 by the corresponding underlying share, securely held by a regulated custodian to ensure transparency and real-world asset backing.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!v3_2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" width="1456" height="75" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:75,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:2360,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/164786774?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw"></picture><div></div></div></a></figure></div><h3><strong>&#8988;Marketplace&#8989;</strong></h3><p>Now accessible on xStocks across both centralized and decentralized platforms: </p><p><strong>Centralized Exchanges</strong>: Kraken, Bybit, Bitrue Alpha<br><strong>Solana DeFi</strong>: Raydium, Jupiter, Kamino, Phantom Wallet</p><p>With this launch, users can swap crypto for real stocks or even trade meme coins for blue-chip equities like Tesla or Nvidia, all from a decentralized wallet.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!v3_2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" width="1456" height="75" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:75,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:2360,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:&quot;&quot;,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/164786774?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><h3><strong>&#8988;xStocks &amp; MEV&#8989;</strong></h3><p>There isn&#8217;t much MEV arbitrage data available yet, but it&#8217;s not completely missing either. Based on all xStocks-related addresses for which we&#8217;ve been able to gather data</p><ul><li><p><strong>20,574</strong> profitable automated arbitrage transactions were executed.</p></li><li><p><strong>$6,162.35 </strong>in cumulative profits were generated by these bots.</p></li><li><p><strong>$672.89 </strong>was earned from <a href="https://www.circular.fi/tx/JEYLLfRNxvJunXuonPj6aXKcrxZhwnvviuMCuhzjqETTrPygM5t1vmkmuCpgA83oYS9XxW4JABJkrmaoty3T25B">the single most profitable MEV transaction.</a></p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!v3_2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" width="1456" height="75" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:75,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:2360,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:&quot;&quot;,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/164786774?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div></li></ul><h3><strong>&#8988;SOLANA &amp; STOCK&#8989;</strong></h3><p>This week we&#8217;re comparing the behavior of the S&amp;P 500 asset (SPYx) in its on-chain version on Solana versus its traditional stock market counterpart.</p><p>The SPYx token surged from $625 to $655.91 in under 10 hours almost 5% jump driven by a liquidity spike. But a volatile one, the price soon corrected.</p><ul><li><p>Smart contract: <a href="https://solscan.io/token/XsoCS1TfEyfFhfvj8EtZ528L3CaKBDBRqRapnBbDF2W">Solscan</a> </p></li><li><p>Tokenizer: Backed Finance AG</p></li><li><p>Broker: Alpaca Securities LLC, InCore Bank AG, Maerki Baumann &amp; Co. AG</p></li></ul><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!l5O7!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe6530b07-c704-48dd-91fc-838104987ca4_1530x1012.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!l5O7!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe6530b07-c704-48dd-91fc-838104987ca4_1530x1012.png 424w, https://substackcdn.com/image/fetch/$s_!l5O7!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe6530b07-c704-48dd-91fc-838104987ca4_1530x1012.png 848w, https://substackcdn.com/image/fetch/$s_!l5O7!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe6530b07-c704-48dd-91fc-838104987ca4_1530x1012.png 1272w, https://substackcdn.com/image/fetch/$s_!l5O7!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe6530b07-c704-48dd-91fc-838104987ca4_1530x1012.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!l5O7!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe6530b07-c704-48dd-91fc-838104987ca4_1530x1012.png" width="1456" height="963" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/e6530b07-c704-48dd-91fc-838104987ca4_1530x1012.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:963,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:133407,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/167327564?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe6530b07-c704-48dd-91fc-838104987ca4_1530x1012.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!l5O7!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe6530b07-c704-48dd-91fc-838104987ca4_1530x1012.png 424w, https://substackcdn.com/image/fetch/$s_!l5O7!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe6530b07-c704-48dd-91fc-838104987ca4_1530x1012.png 848w, https://substackcdn.com/image/fetch/$s_!l5O7!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe6530b07-c704-48dd-91fc-838104987ca4_1530x1012.png 1272w, https://substackcdn.com/image/fetch/$s_!l5O7!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe6530b07-c704-48dd-91fc-838104987ca4_1530x1012.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>By contrast, the stock version saw steadier, more sustained growth highlighting the maturity gap between the two markets.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!QT6r!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Feb37fb1f-ea18-4a28-845e-9a0b989d54a5_2322x1442.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!QT6r!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Feb37fb1f-ea18-4a28-845e-9a0b989d54a5_2322x1442.png 424w, https://substackcdn.com/image/fetch/$s_!QT6r!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Feb37fb1f-ea18-4a28-845e-9a0b989d54a5_2322x1442.png 848w, https://substackcdn.com/image/fetch/$s_!QT6r!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Feb37fb1f-ea18-4a28-845e-9a0b989d54a5_2322x1442.png 1272w, https://substackcdn.com/image/fetch/$s_!QT6r!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Feb37fb1f-ea18-4a28-845e-9a0b989d54a5_2322x1442.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!QT6r!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Feb37fb1f-ea18-4a28-845e-9a0b989d54a5_2322x1442.png" width="1456" height="904" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/eb37fb1f-ea18-4a28-845e-9a0b989d54a5_2322x1442.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:904,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:214059,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/167327564?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Feb37fb1f-ea18-4a28-845e-9a0b989d54a5_2322x1442.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!QT6r!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Feb37fb1f-ea18-4a28-845e-9a0b989d54a5_2322x1442.png 424w, https://substackcdn.com/image/fetch/$s_!QT6r!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Feb37fb1f-ea18-4a28-845e-9a0b989d54a5_2322x1442.png 848w, https://substackcdn.com/image/fetch/$s_!QT6r!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Feb37fb1f-ea18-4a28-845e-9a0b989d54a5_2322x1442.png 1272w, https://substackcdn.com/image/fetch/$s_!QT6r!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Feb37fb1f-ea18-4a28-845e-9a0b989d54a5_2322x1442.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>On-chain volumes remain too low to support efficient MEV strategies. Still, this initial comparison points to a potential convergence worth keeping an eye on.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!v3_2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" width="1456" height="75" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:75,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:2360,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:&quot;&quot;,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/164786774?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><h3><strong>&#8988;Final Summary&#8989;</strong></h3><p>xStocks marks a major step forward in financial accessibility and innovation. By offering tokenized stocks backed by real-world assets, with instant settlement and full DeFi integration, it unlocks a new realm of opportunities for global investors.</p><p>Whether you&#8217;re a crypto-native trader or a traditional investor exploring blockchain finance, xStocks provides a simple, secure, and permissionless way to access U.S. equities. It&#8217;s a major leap for finance moving from weekday trading hours to true 24/7 accessibility.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!v3_2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" width="1456" height="75" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:75,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:2360,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/164786774?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><p>&#128591; Thank you for reading and for your support. If you find our work valuable,</p><p>&#128258; Share it and follow us to stay updated with the latest insights and analysis.</p><p>&#127760; Explore solutions on our website <strong><a href="https://www.circular.fi/">Circular.fi</a> </strong>.</p><p>&#128279; Join our community on <strong><a href="https://discord.gg/QQVnHgXT">Discord</a></strong>, follow us on <strong><a href="https://x.com/Circular_fi">X @Circular.fi</a></strong>, and <strong><a href="https://t.me/Circular_fi">Telegram</a> </strong>.</p><p>&#128075; See you soon for more updates!</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!v3_2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" width="1456" height="75" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:75,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:2360,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:&quot;&quot;,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/164786774?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div>]]></content:encoded></item><item><title><![CDATA[Make Solana Great Again with Trump Familly]]></title><description><![CDATA[Backed by a well-known name and successful viral Twitter campaigns, Trump-related cryptocurrencies surged in value at launch, including $TRUMP, $MELANIA, $USD1, and NFTs.]]></description><link>https://blog.circular.fi/p/make-solana-great-again-with-trump</link><guid isPermaLink="false">https://blog.circular.fi/p/make-solana-great-again-with-trump</guid><pubDate>Wed, 02 Jul 2025 16:04:51 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!iVcX!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffbc9468e-4fc7-4856-9731-d168dcae7047_604x391.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!iVcX!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffbc9468e-4fc7-4856-9731-d168dcae7047_604x391.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!iVcX!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffbc9468e-4fc7-4856-9731-d168dcae7047_604x391.png 424w, https://substackcdn.com/image/fetch/$s_!iVcX!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffbc9468e-4fc7-4856-9731-d168dcae7047_604x391.png 848w, https://substackcdn.com/image/fetch/$s_!iVcX!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffbc9468e-4fc7-4856-9731-d168dcae7047_604x391.png 1272w, https://substackcdn.com/image/fetch/$s_!iVcX!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffbc9468e-4fc7-4856-9731-d168dcae7047_604x391.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!iVcX!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffbc9468e-4fc7-4856-9731-d168dcae7047_604x391.png" width="604" height="391" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/fbc9468e-4fc7-4856-9731-d168dcae7047_604x391.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:391,&quot;width&quot;:604,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:119324,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/166457799?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffbc9468e-4fc7-4856-9731-d168dcae7047_604x391.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!iVcX!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffbc9468e-4fc7-4856-9731-d168dcae7047_604x391.png 424w, https://substackcdn.com/image/fetch/$s_!iVcX!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffbc9468e-4fc7-4856-9731-d168dcae7047_604x391.png 848w, https://substackcdn.com/image/fetch/$s_!iVcX!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffbc9468e-4fc7-4856-9731-d168dcae7047_604x391.png 1272w, https://substackcdn.com/image/fetch/$s_!iVcX!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffbc9468e-4fc7-4856-9731-d168dcae7047_604x391.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><h3><strong>&#8988;Introduction&#8989;</strong></h3><p>The Trump family has emerged as an unexpected player in the world of cryptocurrency since 2024. Through the use of tokens bearing their likeness, non-fungible token (NFT) campaigns and community-driven strategies, Donald Trump and his inner circle have been exploring a new form of influence that blends politics, speculation and digital storytelling.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!G7w3!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!G7w3!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!G7w3!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!G7w3!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!G7w3!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!G7w3!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png" width="1456" height="75" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:75,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:2360,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/164786774?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!G7w3!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!G7w3!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!G7w3!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!G7w3!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png 1456w" sizes="100vw"></picture><div></div></div></a></figure></div><h3><strong>&#8988;Token&#8989;</strong></h3><p>The Trump-themed token ecosystem (comprising $TRUMP, $MELANIA and $USD1) exhibits a familiar pattern of memecoins: hype driven by narrative, rapid capital inflow and insider-driven, highly centralised exits.</p><ul><li><p><strong>$TRUMP </strong></p></li></ul><h5>January 17, 2025 14:01:48<br><a href="https://gettrumpmemes.com/">Official Website</a>       &#128270; <a href="https://solscan.io/token/6p6xgHyF7AeE6TZkSmFsko444wqoP15icUSqi2jfGiPN">Solscan</a>       <a href="https://www.cyberscope.io/audits/42-trump">&#127895;&#65039; Audit</a>       </h5><ul><li><p><strong>$MELANIA </strong></p></li></ul><h5>January 19, 2025 19:52:34<br><a href="https://melaniameme.com/">Official Website</a>       &#128270; <a href="https://solscan.io/token/FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P">Solscan</a>     </h5><ul><li><p><strong>$USD1 </strong>(<strong>WLFI</strong> = <strong>W</strong>orld <strong>L</strong>iberty <strong>Fi</strong>nancial)</p></li></ul><h5>Jan-28-2025 04:01:35 AM UTC<br><a href="https://worldlibertyfinancial.com/">Official Website</a>       &#128270; <a href="https://etherscan.io/address/0x8d0d000ee44948fc98c9b98a4fa4921476f08b0d#events">Etherscan</a> &amp; <a href="https://bscscan.com/address/0x8d0D000Ee44948FC98c9B98A4FA4921476f08B0d">Bscscan</a>               </h5><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!v3_2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" width="1456" height="75" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:75,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:2360,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/164786774?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><h3><strong>&#8988;NFT&#8989;</strong></h3><p>The allocation was based on three tiers of community engagement:</p><p><strong>&#129351; $TRUMP Diamond Hands</strong></p><ul><li><p>&#128722; <a href="https://magiceden.io/marketplace/trump_diamond_hands">Magic Eden</a></p></li><li><p>&#128270; <a href="https://solscan.io/token/GNDeYpVHUZUJ9BBqyBpDP1ebDEp51rC2cjJ9GA11PKjy?cluster=mainnet">Solscan</a></p></li><li><p>118 items</p></li></ul><p><strong>&#129352; $TRUMP Gold Gala Dinner</strong></p><ul><li><p>&#128722; <a href="https://magiceden.io/marketplace/trump_gold_gala_dinner">Magic Eden</a></p></li><li><p>&#128270; <a href="https://solscan.io/token/8AajRgEHTUrMdqTu9p3SAxoF22Uzgj9kwFuXd3bsh1sv">Solscan</a></p></li><li><p>219 items</p></li></ul><p><strong>&#129353; $TRUMP Power to the Holders</strong></p><ul><li><p>&#128722; <a href="https://magiceden.io/marketplace/trump_power_to_the_holders">Magic Eden</a></p></li><li><p>&#128270; <a href="https://solscan.io/token/8eEMKvFDHPh86mPn3aEd9DMc3v85gv1PGQZk535LTuo1?cluster=mainnet">Solscan</a></p></li><li><p>1049 items</p></li></ul><p>&#128279; Site officiel des <strong>Trump Digital Cards</strong> : <a href="https://collecttrumpcards.com/">collecttrumpcards.com</a></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!_Y6s!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Feefc569d-afd0-4c6e-ae5e-81c4a9f136ae_2398x1067.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!_Y6s!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Feefc569d-afd0-4c6e-ae5e-81c4a9f136ae_2398x1067.png 424w, https://substackcdn.com/image/fetch/$s_!_Y6s!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Feefc569d-afd0-4c6e-ae5e-81c4a9f136ae_2398x1067.png 848w, https://substackcdn.com/image/fetch/$s_!_Y6s!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Feefc569d-afd0-4c6e-ae5e-81c4a9f136ae_2398x1067.png 1272w, https://substackcdn.com/image/fetch/$s_!_Y6s!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Feefc569d-afd0-4c6e-ae5e-81c4a9f136ae_2398x1067.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!_Y6s!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Feefc569d-afd0-4c6e-ae5e-81c4a9f136ae_2398x1067.png" width="1456" height="648" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/eefc569d-afd0-4c6e-ae5e-81c4a9f136ae_2398x1067.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:648,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:4983747,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/166457799?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Feefc569d-afd0-4c6e-ae5e-81c4a9f136ae_2398x1067.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!_Y6s!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Feefc569d-afd0-4c6e-ae5e-81c4a9f136ae_2398x1067.png 424w, https://substackcdn.com/image/fetch/$s_!_Y6s!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Feefc569d-afd0-4c6e-ae5e-81c4a9f136ae_2398x1067.png 848w, https://substackcdn.com/image/fetch/$s_!_Y6s!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Feefc569d-afd0-4c6e-ae5e-81c4a9f136ae_2398x1067.png 1272w, https://substackcdn.com/image/fetch/$s_!_Y6s!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Feefc569d-afd0-4c6e-ae5e-81c4a9f136ae_2398x1067.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>While some see these NFTs as mere symbolic rewards, others view them as potential political access passes. The opaque distribution process and centralization around the Trump team have sparked controversy:</p><ul><li><p>Bought influence or rewarded loyalty?</p></li><li><p>Regulatory voices warn of possible corruption and foreign interference especially if these tokens are used for lobbying or to grant tangible benefits.</p></li><li><p>Several media outlets (nftandgamefi.com, NYPost, Coingeek, Decrypt, APNews) have flagged this emerging intersection between politics and crypto-assets.<br></p></li></ul><p>The goal: reward loyalty, reduce volatility, and lock part of the supply held by the Trump family.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!v3_2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" width="1456" height="75" 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srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><h3><strong>&#8988;Tokenomics&#8989;</strong></h3><h6></h6><ul><li><p><strong>$TRUMP</strong> </p></li></ul><p>First day : Over $39B in volume within hours, peaking at +900%, followed by an -85% crash, affecting over 15,000 holders.</p><p>June :</p><p>Over $266M in volume, ranging $8.8, affecting over 15,000 holders, the top 9 older capitalized 91% of supply. </p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!Ltt7!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F102c6032-d9ae-426b-baa0-65882aac93bb_1494x707.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!Ltt7!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F102c6032-d9ae-426b-baa0-65882aac93bb_1494x707.png 424w, https://substackcdn.com/image/fetch/$s_!Ltt7!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F102c6032-d9ae-426b-baa0-65882aac93bb_1494x707.png 848w, https://substackcdn.com/image/fetch/$s_!Ltt7!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F102c6032-d9ae-426b-baa0-65882aac93bb_1494x707.png 1272w, https://substackcdn.com/image/fetch/$s_!Ltt7!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F102c6032-d9ae-426b-baa0-65882aac93bb_1494x707.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!Ltt7!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F102c6032-d9ae-426b-baa0-65882aac93bb_1494x707.png" width="1456" height="689" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/102c6032-d9ae-426b-baa0-65882aac93bb_1494x707.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:689,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:336129,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/166457799?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F102c6032-d9ae-426b-baa0-65882aac93bb_1494x707.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!Ltt7!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F102c6032-d9ae-426b-baa0-65882aac93bb_1494x707.png 424w, https://substackcdn.com/image/fetch/$s_!Ltt7!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F102c6032-d9ae-426b-baa0-65882aac93bb_1494x707.png 848w, https://substackcdn.com/image/fetch/$s_!Ltt7!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F102c6032-d9ae-426b-baa0-65882aac93bb_1494x707.png 1272w, https://substackcdn.com/image/fetch/$s_!Ltt7!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F102c6032-d9ae-426b-baa0-65882aac93bb_1494x707.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption">source: <a href="https://gettrumpmemes.com/">Official Website</a>  &amp; <a href="https://solscan.io/token/6p6xgHyF7AeE6TZkSmFsko444wqoP15icUSqi2jfGiPN#analytics">solscan</a></figcaption></figure></div><ul><li><p><strong>$MELANIA</strong> </p></li></ul><p>First day : Reached a $5.6B volume shortly after launch. Roughly 33% of the supply was pre-acquired by insiders, who liquidated for up to $100M in less than 12 hours, triggering a -90% correction.</p><p>June :</p><p>Over $8.5M in volume, ranging $0.18, the top 9 older capitalized 89% of supply. </p><ul><li><p><strong>$USD1</strong>, &#8220;stablecoin&#8221; </p></li></ul><p>Launched on Ethereum and BSC, quickly surpassed $2B in market cap and averaged $900M in daily volume, yet remains highly centralized, with three wallets holding the majority of the supply.</p><p>&#128201; These tokens illustrate the same exploitative tokenomics:<br><strong>silent accumulation &#8594; viral launch &#8594; aggressive pump &#8594; insider exit &#8594; retail fallout</strong>.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!v3_2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" width="1456" height="75" 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srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><h3><strong>&#8988;Community&#8989;</strong></h3><p>Trump&#8217;s crypto strategy relies on Twitter-driven communication and community mobilization: coordinated raids, emotional narratives, and a crafted illusion of inclusivity.</p><p>NFTs </p><ul><li><p>Community engagement rewards.</p></li><li><p>Distribution scheduled for May 22, 2025, during a private TRUMP team dinner.</p></li></ul><p>$MELANIA </p><ul><li><p>Centrally managed marketing airdrops (by MEXC).</p></li></ul><p>$USD1  (WLFI)</p><ul><li><p>Stablecoin airdrop driven by WLFI governance.</p></li><li><p>Community vote.</p></li><li><p>Airdrop: Technical test and proof of concept for the WLFI ecosystem.</p></li></ul><p>Is the community truly driven by shared convictions or by the lure of an airdrop, a VIP dinner, or the hope of a price surge.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!v3_2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" width="1456" height="75" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:75,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:2360,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:&quot;&quot;,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/164786774?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><h3><strong>&#8988;$TRUMP &amp; MEV&#8989;</strong></h3><p>Arbitrage Report (Q2.2025)</p><ul><li><p>2,511 wallets used MEV bots to actively trade $TRUMP.</p></li><li><p>5,548,995 profitable automated arbitrage transactions were executed.</p></li><li><p>$275,147.08 in cumulative profits were generated by these bots.</p></li><li><p>$6,497.41 was earned from <a href="https://solscan.io/tx/2PSfd5A2nA1D8nwEJQXtoxcWyTbfs1UYQSXrkwN8bacSWXHvVZfLSZoX44TrygugJiPPoUoZUwM1Qes6opUEPbnj">the single most profitable MEV transaction.</a></p></li></ul><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!KiQh!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb2934c4f-5901-4e1d-be54-d72dd5555eb0_1400x262.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!KiQh!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb2934c4f-5901-4e1d-be54-d72dd5555eb0_1400x262.png 424w, https://substackcdn.com/image/fetch/$s_!KiQh!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb2934c4f-5901-4e1d-be54-d72dd5555eb0_1400x262.png 848w, https://substackcdn.com/image/fetch/$s_!KiQh!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb2934c4f-5901-4e1d-be54-d72dd5555eb0_1400x262.png 1272w, https://substackcdn.com/image/fetch/$s_!KiQh!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb2934c4f-5901-4e1d-be54-d72dd5555eb0_1400x262.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!KiQh!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb2934c4f-5901-4e1d-be54-d72dd5555eb0_1400x262.png" width="1400" height="262" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/b2934c4f-5901-4e1d-be54-d72dd5555eb0_1400x262.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:262,&quot;width&quot;:1400,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:66335,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/166457799?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb2934c4f-5901-4e1d-be54-d72dd5555eb0_1400x262.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!KiQh!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb2934c4f-5901-4e1d-be54-d72dd5555eb0_1400x262.png 424w, https://substackcdn.com/image/fetch/$s_!KiQh!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb2934c4f-5901-4e1d-be54-d72dd5555eb0_1400x262.png 848w, https://substackcdn.com/image/fetch/$s_!KiQh!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb2934c4f-5901-4e1d-be54-d72dd5555eb0_1400x262.png 1272w, https://substackcdn.com/image/fetch/$s_!KiQh!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb2934c4f-5901-4e1d-be54-d72dd5555eb0_1400x262.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a><figcaption class="image-caption">Monthly transactions / Token Price</figcaption></figure></div><p>Ranking: $TRUMP consistently ranks among the top 10 memecoins.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!EtKT!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdd6176c4-b5f3-4b25-9130-e30f504db0c2_1516x1352.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!EtKT!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdd6176c4-b5f3-4b25-9130-e30f504db0c2_1516x1352.png 424w, https://substackcdn.com/image/fetch/$s_!EtKT!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdd6176c4-b5f3-4b25-9130-e30f504db0c2_1516x1352.png 848w, https://substackcdn.com/image/fetch/$s_!EtKT!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdd6176c4-b5f3-4b25-9130-e30f504db0c2_1516x1352.png 1272w, https://substackcdn.com/image/fetch/$s_!EtKT!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdd6176c4-b5f3-4b25-9130-e30f504db0c2_1516x1352.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!EtKT!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdd6176c4-b5f3-4b25-9130-e30f504db0c2_1516x1352.png" width="646" height="575.8983516483516" 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srcset="https://substackcdn.com/image/fetch/$s_!EtKT!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdd6176c4-b5f3-4b25-9130-e30f504db0c2_1516x1352.png 424w, https://substackcdn.com/image/fetch/$s_!EtKT!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdd6176c4-b5f3-4b25-9130-e30f504db0c2_1516x1352.png 848w, https://substackcdn.com/image/fetch/$s_!EtKT!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdd6176c4-b5f3-4b25-9130-e30f504db0c2_1516x1352.png 1272w, https://substackcdn.com/image/fetch/$s_!EtKT!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdd6176c4-b5f3-4b25-9130-e30f504db0c2_1516x1352.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption"><a href="https://v2.bubblemaps.io/map?address=6p6xgHyF7AeE6TZkSmFsko444wqoP15icUSqi2jfGiPN&amp;chain=solana">bubblemaps.io</a></figcaption></figure></div><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!v3_2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" width="1456" height="75" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:75,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:2360,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:&quot;&quot;,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/164786774?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><h3><strong>&#8988;$MELANIA &amp; MEV&#8989;</strong></h3><p>Arbitrage Report (Q2.2025)</p><ul><li><p>806 wallets used MEV bots to actively trade $MELANIA.</p></li><li><p>493,061 profitable automated arbitrage transactions were executed.</p></li><li><p>$10,559.59 in cumulative profits were generated by these bots.</p></li><li><p>$5,170.41 was earned from <a href="https://circular.fi/tx/5QZErDDf5L1nGRhkYLCZbyuEoEsuzos3otTXhtEeJTDYdgmvMogr8Hi2YBMaG8uPRpeZmTKTjSZ1gjYwz4D1poeL">the single most profitable MEV transaction</a></p></li></ul><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!ArKo!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdd614373-4ee6-4ac3-9a88-b417bfd59b7c_1400x262.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!ArKo!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdd614373-4ee6-4ac3-9a88-b417bfd59b7c_1400x262.png 424w, https://substackcdn.com/image/fetch/$s_!ArKo!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdd614373-4ee6-4ac3-9a88-b417bfd59b7c_1400x262.png 848w, https://substackcdn.com/image/fetch/$s_!ArKo!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdd614373-4ee6-4ac3-9a88-b417bfd59b7c_1400x262.png 1272w, https://substackcdn.com/image/fetch/$s_!ArKo!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdd614373-4ee6-4ac3-9a88-b417bfd59b7c_1400x262.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!ArKo!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdd614373-4ee6-4ac3-9a88-b417bfd59b7c_1400x262.png" width="1400" height="262" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/dd614373-4ee6-4ac3-9a88-b417bfd59b7c_1400x262.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:262,&quot;width&quot;:1400,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:71872,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/166457799?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdd614373-4ee6-4ac3-9a88-b417bfd59b7c_1400x262.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!ArKo!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdd614373-4ee6-4ac3-9a88-b417bfd59b7c_1400x262.png 424w, https://substackcdn.com/image/fetch/$s_!ArKo!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdd614373-4ee6-4ac3-9a88-b417bfd59b7c_1400x262.png 848w, https://substackcdn.com/image/fetch/$s_!ArKo!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdd614373-4ee6-4ac3-9a88-b417bfd59b7c_1400x262.png 1272w, https://substackcdn.com/image/fetch/$s_!ArKo!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdd614373-4ee6-4ac3-9a88-b417bfd59b7c_1400x262.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!Z_GT!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F74659a13-c8a5-4480-b8fe-1a23eacab2af_1402x1332.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!Z_GT!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F74659a13-c8a5-4480-b8fe-1a23eacab2af_1402x1332.png 424w, https://substackcdn.com/image/fetch/$s_!Z_GT!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F74659a13-c8a5-4480-b8fe-1a23eacab2af_1402x1332.png 848w, https://substackcdn.com/image/fetch/$s_!Z_GT!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F74659a13-c8a5-4480-b8fe-1a23eacab2af_1402x1332.png 1272w, https://substackcdn.com/image/fetch/$s_!Z_GT!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F74659a13-c8a5-4480-b8fe-1a23eacab2af_1402x1332.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!Z_GT!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F74659a13-c8a5-4480-b8fe-1a23eacab2af_1402x1332.png" width="728" height="691.6519258202568" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/74659a13-c8a5-4480-b8fe-1a23eacab2af_1402x1332.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:false,&quot;imageSize&quot;:&quot;normal&quot;,&quot;height&quot;:1332,&quot;width&quot;:1402,&quot;resizeWidth&quot;:728,&quot;bytes&quot;:1100519,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/166457799?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F74659a13-c8a5-4480-b8fe-1a23eacab2af_1402x1332.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:&quot;center&quot;,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!Z_GT!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F74659a13-c8a5-4480-b8fe-1a23eacab2af_1402x1332.png 424w, https://substackcdn.com/image/fetch/$s_!Z_GT!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F74659a13-c8a5-4480-b8fe-1a23eacab2af_1402x1332.png 848w, https://substackcdn.com/image/fetch/$s_!Z_GT!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F74659a13-c8a5-4480-b8fe-1a23eacab2af_1402x1332.png 1272w, https://substackcdn.com/image/fetch/$s_!Z_GT!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F74659a13-c8a5-4480-b8fe-1a23eacab2af_1402x1332.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption"><a href="https://v2.bubblemaps.io/map?address=FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P&amp;chain=solana">bubblemaps.io</a></figcaption></figure></div><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!v3_2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" width="1456" height="75" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:75,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:2360,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:&quot;&quot;,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/164786774?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><h3><strong>&#8988;Final Summary&#8989;</strong></h3><p>The Trump-affiliated tokens appear to follow a familiar memecoin trajectory: narrative-driven momentum, rapid price movements, and early-holder advantage.<br>NFTs distributed during a private dinner were presented as loyalty rewards, though their potential political implications have prompted discussion.</p><p>Through airdrops, curated messaging, and exclusivity cues, the strategy leverages emotional engagement within a highly centralized framework fostering a perception of participation.<br>While some interpret this as a well-executed community strategy, others question the long-term vision behind the initiative.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!v3_2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" width="1456" height="75" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:75,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:2360,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/164786774?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><p>&#128591; Thank you for reading and for your support. If you find our work valuable,</p><p>&#128258; Share it and follow us to stay updated with the latest insights and analysis.</p><p>&#127760; Explore solutions on our website <strong><a href="https://www.circular.fi/">Circular.fi</a> </strong>.</p><p>&#128279; Join our community on <strong><a href="https://discord.gg/QQVnHgXT">Discord</a></strong>, follow us on <strong><a href="https://x.com/Circular_fi">X @Circular.fi</a></strong>, and <strong><a href="https://t.me/Circular_fi">Telegram</a> </strong>.</p><p>&#128075; See you soon for more updates!</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!v3_2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" width="1456" height="75" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:75,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:2360,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:&quot;&quot;,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/164786774?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div>]]></content:encoded></item><item><title><![CDATA[Once Upon a Memecoin Called Launchcoin ]]></title><description><![CDATA[The $PASTERNAK token was launched by @Ben.Pasternak on January 28, 2025. He created Clout. But he do the best flip ever to convert into $LAUNCHCOIN and Believe.app.]]></description><link>https://blog.circular.fi/p/once-upon-a-memecoin-called-launchcoin</link><guid isPermaLink="false">https://blog.circular.fi/p/once-upon-a-memecoin-called-launchcoin</guid><pubDate>Sat, 21 Jun 2025 15:15:07 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/da1aff75-ef10-4606-b996-fa3fd4403909_1448x496.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!wITi!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa7f57281-b3f6-4173-91bc-3f4aea9d4b16_724x248.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!wITi!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa7f57281-b3f6-4173-91bc-3f4aea9d4b16_724x248.png 424w, https://substackcdn.com/image/fetch/$s_!wITi!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa7f57281-b3f6-4173-91bc-3f4aea9d4b16_724x248.png 848w, https://substackcdn.com/image/fetch/$s_!wITi!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa7f57281-b3f6-4173-91bc-3f4aea9d4b16_724x248.png 1272w, https://substackcdn.com/image/fetch/$s_!wITi!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa7f57281-b3f6-4173-91bc-3f4aea9d4b16_724x248.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!wITi!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa7f57281-b3f6-4173-91bc-3f4aea9d4b16_724x248.png" width="724" height="248" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/a7f57281-b3f6-4173-91bc-3f4aea9d4b16_724x248.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:248,&quot;width&quot;:724,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:156378,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/165987244?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa7f57281-b3f6-4173-91bc-3f4aea9d4b16_724x248.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!wITi!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa7f57281-b3f6-4173-91bc-3f4aea9d4b16_724x248.png 424w, https://substackcdn.com/image/fetch/$s_!wITi!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa7f57281-b3f6-4173-91bc-3f4aea9d4b16_724x248.png 848w, https://substackcdn.com/image/fetch/$s_!wITi!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa7f57281-b3f6-4173-91bc-3f4aea9d4b16_724x248.png 1272w, https://substackcdn.com/image/fetch/$s_!wITi!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa7f57281-b3f6-4173-91bc-3f4aea9d4b16_724x248.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><h3><strong>&#8988;Introduction&#8989;</strong></h3><p>Launch Coin ($LAUNCHCOIN) is the core utility token of the Believe ecosystem. The app introduces a new way to fund the future, turning attention into capital so anyone with a great idea can quickly receive support from the community.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!G7w3!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!G7w3!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!G7w3!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!G7w3!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!G7w3!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!G7w3!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png" width="1456" height="75" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:75,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:2360,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/164786774?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!G7w3!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!G7w3!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!G7w3!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!G7w3!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png 1456w" sizes="100vw"></picture><div></div></div></a></figure></div><h3><strong>&#8988;Creation&#8989;</strong></h3><p>Ben Pasternak launched the $PASTERNAK token on January 28, 2025. It reached a market cap of $2.9M, partially driven by the Clout app, which climbed the App Store rankings to #19. Fueled by enthusiasm, Ben shared regular updates, though with little clarity about next steps. <br>By February 9, he began urging patience. Clout remained available but saw limited activity. His X account went silent, except for a single engineer recruitment post a month later, followed by another month of inactivity.</p><p>Meanwhile, the token's value dropped near zero, with minimal on-chain activity.</p><p>Then came a wave of news, culminating in the announcement of a new app, Believe, on April 27. On April 28, Believe went live. The migration from Clout to Believe generated massive attention, garnering nearly 630K views on X, like a slow-motion detonation. The token was rebranded as $LAUNCHCOIN and as Launch Coin on Believe.</p><h6><br>Rename Source  : <a href="https://solscan.io/tx/249g7DNUuLMCBEvUxaXctSATcfdez2y7xfsvw2xCLWUEfykyn5fn4Nhm9zfXthZVmQ5Rb7jic7Ngcnyud57xTvQU">Solscan</a><br></h6><pre><code>The first project to launch on the platform was Persoa: 5QvAeS2Un6ZoNjyKthGYo2ZpbcVP3diTMejyA48NEHTE.</code></pre><p>It saw a short-lived rally to $0.02 on April 30, before declining again. But the real ignition was still ahead. <br>On May 1, the rocket launched: $LAUNCHCOIN surged as momentum built. Believe began onboarding promising new projects.</p><p>The Launchcoin token rose from $0.002 on May 8 to $0.36 on May 15 a performance of 17,900%.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!ljU1!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7853beff-dd2e-4955-be54-9b87970483bd_1298x1088.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!ljU1!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7853beff-dd2e-4955-be54-9b87970483bd_1298x1088.png 424w, https://substackcdn.com/image/fetch/$s_!ljU1!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7853beff-dd2e-4955-be54-9b87970483bd_1298x1088.png 848w, https://substackcdn.com/image/fetch/$s_!ljU1!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7853beff-dd2e-4955-be54-9b87970483bd_1298x1088.png 1272w, https://substackcdn.com/image/fetch/$s_!ljU1!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7853beff-dd2e-4955-be54-9b87970483bd_1298x1088.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!ljU1!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7853beff-dd2e-4955-be54-9b87970483bd_1298x1088.png" width="1298" height="1088" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/7853beff-dd2e-4955-be54-9b87970483bd_1298x1088.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:1088,&quot;width&quot;:1298,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:78131,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/165987244?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7853beff-dd2e-4955-be54-9b87970483bd_1298x1088.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!ljU1!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7853beff-dd2e-4955-be54-9b87970483bd_1298x1088.png 424w, https://substackcdn.com/image/fetch/$s_!ljU1!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7853beff-dd2e-4955-be54-9b87970483bd_1298x1088.png 848w, https://substackcdn.com/image/fetch/$s_!ljU1!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7853beff-dd2e-4955-be54-9b87970483bd_1298x1088.png 1272w, https://substackcdn.com/image/fetch/$s_!ljU1!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7853beff-dd2e-4955-be54-9b87970483bd_1298x1088.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption">Launchcoin by <a href="https://www.circular.fi/">Circular.fi</a></figcaption></figure></div><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!v3_2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" width="1456" height="75" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:75,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:2360,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/164786774?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><h3><strong>&#8988;Launch&#8989;</strong></h3><ul><li><p>Join fundraising rounds and unlock early-stage investment opportunities.</p></li><li><p>Vote on key project decisions.</p></li><li><p>Use the token for arbitrage, staking, lending, or payments.</p></li><li><p>Purchase physical or digital goods within the community.</p></li><li><p>No crypto wallet required.</p></li></ul><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!v3_2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" width="1456" height="75" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:75,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:2360,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/164786774?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><h3><strong>&#8988;Tokenomics&#8989;</strong></h3><h4>Launch 1/24/2025</h4><ul><li><p>Total token supply: 1,000,000,000.</p></li></ul><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!dY6z!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F05218241-e0c8-4304-9456-b3a3a6a4c4a2_945x1017.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!dY6z!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F05218241-e0c8-4304-9456-b3a3a6a4c4a2_945x1017.jpeg 424w, https://substackcdn.com/image/fetch/$s_!dY6z!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F05218241-e0c8-4304-9456-b3a3a6a4c4a2_945x1017.jpeg 848w, https://substackcdn.com/image/fetch/$s_!dY6z!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F05218241-e0c8-4304-9456-b3a3a6a4c4a2_945x1017.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!dY6z!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F05218241-e0c8-4304-9456-b3a3a6a4c4a2_945x1017.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!dY6z!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F05218241-e0c8-4304-9456-b3a3a6a4c4a2_945x1017.jpeg" width="286" height="307.79047619047617" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/05218241-e0c8-4304-9456-b3a3a6a4c4a2_945x1017.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:1017,&quot;width&quot;:945,&quot;resizeWidth&quot;:286,&quot;bytes&quot;:115337,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/165987244?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F04fb1e87-18d5-4630-b7dd-ff65dcd7a30d_945x2048.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!dY6z!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F05218241-e0c8-4304-9456-b3a3a6a4c4a2_945x1017.jpeg 424w, https://substackcdn.com/image/fetch/$s_!dY6z!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F05218241-e0c8-4304-9456-b3a3a6a4c4a2_945x1017.jpeg 848w, https://substackcdn.com/image/fetch/$s_!dY6z!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F05218241-e0c8-4304-9456-b3a3a6a4c4a2_945x1017.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!dY6z!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F05218241-e0c8-4304-9456-b3a3a6a4c4a2_945x1017.jpeg 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><h5><a href="https://solscan.io/tx/ubZRPfbRH1YwsgUEnUCQKviwUwGzfnLa8kosNMPcEZWhS1TVyERW5HqSAuiQqwyKZWDPCMSqSsHp9o9tVfEBngz">The first transaction is here.</a></h5><h4>Now June 2025</h4><ul><li><p>Fully Diluted Value: $153.98M.</p></li><li><p>Market Cap: $153.98M.</p></li><li><p>Liquidity: $3.42M.</p></li></ul><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!rQBh!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4adb8cae-354b-4b14-8e89-8858fb7557da_1658x1486.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!rQBh!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4adb8cae-354b-4b14-8e89-8858fb7557da_1658x1486.png 424w, https://substackcdn.com/image/fetch/$s_!rQBh!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4adb8cae-354b-4b14-8e89-8858fb7557da_1658x1486.png 848w, https://substackcdn.com/image/fetch/$s_!rQBh!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4adb8cae-354b-4b14-8e89-8858fb7557da_1658x1486.png 1272w, https://substackcdn.com/image/fetch/$s_!rQBh!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4adb8cae-354b-4b14-8e89-8858fb7557da_1658x1486.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!rQBh!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4adb8cae-354b-4b14-8e89-8858fb7557da_1658x1486.png" width="1456" height="1305" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4adb8cae-354b-4b14-8e89-8858fb7557da_1658x1486.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:1305,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:741110,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/165987244?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4adb8cae-354b-4b14-8e89-8858fb7557da_1658x1486.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!rQBh!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4adb8cae-354b-4b14-8e89-8858fb7557da_1658x1486.png 424w, https://substackcdn.com/image/fetch/$s_!rQBh!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4adb8cae-354b-4b14-8e89-8858fb7557da_1658x1486.png 848w, https://substackcdn.com/image/fetch/$s_!rQBh!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4adb8cae-354b-4b14-8e89-8858fb7557da_1658x1486.png 1272w, https://substackcdn.com/image/fetch/$s_!rQBh!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4adb8cae-354b-4b14-8e89-8858fb7557da_1658x1486.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption">Source : <a href="https://v2.bubblemaps.io/map?address=Ey59PH7Z4BFU4HjyKnyMdWt5GGN76KazTAwQihoUXRnk&amp;chain=solana&amp;rule=topHolders&amp;date=2025-06-15&amp;limit=250">Bubblemap</a></figcaption></figure></div><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!v3_2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" width="1456" height="75" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:75,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:2360,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/164786774?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><h3><strong>&#8988;Community&#8989;</strong></h3><p>$LAUNCHCOIN turns holders into co-creators through an interactive ecosystem:</p><ul><li><p>Just reply to any tweet with @launchacoin.</p></li></ul><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!v3_2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" width="1456" height="75" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:75,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:2360,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:&quot;&quot;,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/164786774?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><h3><strong>&#8988;LAUNCHCOIN &amp; MEV&#8989;</strong></h3><p>Arbitrage Report (Q2.2025)</p><ul><li><p>464 wallets used MEV bots to actively trade $LAUNCHCOIN.</p></li><li><p>84,789 profitable automated arbitrage transactions were executed.</p></li><li><p>$49,343.18 in cumulative profits were generated by these bots.</p></li></ul><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!TZu-!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F22a2b1f6-26bd-43fa-85e8-d0732d82e749_1558x262.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!TZu-!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F22a2b1f6-26bd-43fa-85e8-d0732d82e749_1558x262.png 424w, https://substackcdn.com/image/fetch/$s_!TZu-!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F22a2b1f6-26bd-43fa-85e8-d0732d82e749_1558x262.png 848w, https://substackcdn.com/image/fetch/$s_!TZu-!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F22a2b1f6-26bd-43fa-85e8-d0732d82e749_1558x262.png 1272w, https://substackcdn.com/image/fetch/$s_!TZu-!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F22a2b1f6-26bd-43fa-85e8-d0732d82e749_1558x262.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!TZu-!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F22a2b1f6-26bd-43fa-85e8-d0732d82e749_1558x262.png" width="1456" height="245" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/22a2b1f6-26bd-43fa-85e8-d0732d82e749_1558x262.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:245,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:74152,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/165987244?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F22a2b1f6-26bd-43fa-85e8-d0732d82e749_1558x262.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!TZu-!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F22a2b1f6-26bd-43fa-85e8-d0732d82e749_1558x262.png 424w, https://substackcdn.com/image/fetch/$s_!TZu-!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F22a2b1f6-26bd-43fa-85e8-d0732d82e749_1558x262.png 848w, https://substackcdn.com/image/fetch/$s_!TZu-!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F22a2b1f6-26bd-43fa-85e8-d0732d82e749_1558x262.png 1272w, https://substackcdn.com/image/fetch/$s_!TZu-!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F22a2b1f6-26bd-43fa-85e8-d0732d82e749_1558x262.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a><figcaption class="image-caption">Monthly transactions / Token Price</figcaption></figure></div><p>Ranking: $LAUNCHCOIN consistently ranks among the top 10 most arbitraged memecoins by bots.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!lFmX!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa83068a4-3f92-4ea5-b9ee-93c1efb257e1_1595x749.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!lFmX!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa83068a4-3f92-4ea5-b9ee-93c1efb257e1_1595x749.png 424w, https://substackcdn.com/image/fetch/$s_!lFmX!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa83068a4-3f92-4ea5-b9ee-93c1efb257e1_1595x749.png 848w, https://substackcdn.com/image/fetch/$s_!lFmX!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa83068a4-3f92-4ea5-b9ee-93c1efb257e1_1595x749.png 1272w, https://substackcdn.com/image/fetch/$s_!lFmX!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa83068a4-3f92-4ea5-b9ee-93c1efb257e1_1595x749.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!lFmX!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa83068a4-3f92-4ea5-b9ee-93c1efb257e1_1595x749.png" width="1456" height="684" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/a83068a4-3f92-4ea5-b9ee-93c1efb257e1_1595x749.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:684,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:185187,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/165539537?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa83068a4-3f92-4ea5-b9ee-93c1efb257e1_1595x749.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!lFmX!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa83068a4-3f92-4ea5-b9ee-93c1efb257e1_1595x749.png 424w, https://substackcdn.com/image/fetch/$s_!lFmX!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa83068a4-3f92-4ea5-b9ee-93c1efb257e1_1595x749.png 848w, https://substackcdn.com/image/fetch/$s_!lFmX!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa83068a4-3f92-4ea5-b9ee-93c1efb257e1_1595x749.png 1272w, https://substackcdn.com/image/fetch/$s_!lFmX!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa83068a4-3f92-4ea5-b9ee-93c1efb257e1_1595x749.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!v3_2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" width="1456" height="75" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:75,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:2360,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:&quot;&quot;,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/164786774?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><h3><strong>&#8988;Final Summary&#8989;</strong></h3><p>$LAUNCHCOIN has evolved from a simple memecoin into a key player in SocialFi with the Believe app. Powered by an innovative model that converts attention into capital, it surged by over 17,900% in just one week. With wallet-free access and real utility from voting to payments, $LAUNCHCOIN has sparked major activity, making it one of the most arbitraged tokens by bots.<br>The market cap exceeding $150M, Launch Coin is reshaping how ideas are funded on the blockchain.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!v3_2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" width="1456" height="75" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:75,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:2360,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/164786774?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><p>&#128591; Thank you for reading and for your support. If you find our work valuable,</p><p>&#128258; Share it and follow us to stay updated with the latest insights and analysis.</p><p>&#127760; Explore solutions on our website <strong><a href="https://www.circular.fi/">Circular.fi</a> </strong>.</p><p>&#128279; Join our community on <strong><a href="https://discord.gg/QQVnHgXT">Discord</a></strong>, follow us on <strong><a href="https://x.com/Circular_fi">X @Circular.fi</a></strong>, and <strong><a href="https://t.me/Circular_fi">Telegram</a> </strong>.</p><p>&#128075; See you soon for more updates!</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!v3_2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" width="1456" height="75" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:75,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:2360,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:&quot;&quot;,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/164786774?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div>]]></content:encoded></item><item><title><![CDATA[Once Upon a Memecoin Called Fartcoin ]]></title><description><![CDATA[Fartcoin, the $FART token, was launched on October 18, 2024, via Pump.fun. It aims to connect humor with environmental impact in the crypto space. The project was created by Pierre Beaudet and the AI.]]></description><link>https://blog.circular.fi/p/once-upon-a-memecoin-called-fartcoin</link><guid isPermaLink="false">https://blog.circular.fi/p/once-upon-a-memecoin-called-fartcoin</guid><pubDate>Sat, 14 Jun 2025 05:02:42 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/c8f11b01-e54c-4353-b275-8460ae9f0a9d_4744x1016.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!WMmN!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4031caa7-0722-4c70-9487-bd04b20adf30_1186x254.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!WMmN!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4031caa7-0722-4c70-9487-bd04b20adf30_1186x254.png 424w, https://substackcdn.com/image/fetch/$s_!WMmN!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4031caa7-0722-4c70-9487-bd04b20adf30_1186x254.png 848w, https://substackcdn.com/image/fetch/$s_!WMmN!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4031caa7-0722-4c70-9487-bd04b20adf30_1186x254.png 1272w, https://substackcdn.com/image/fetch/$s_!WMmN!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4031caa7-0722-4c70-9487-bd04b20adf30_1186x254.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!WMmN!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4031caa7-0722-4c70-9487-bd04b20adf30_1186x254.png" width="1186" height="254" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4031caa7-0722-4c70-9487-bd04b20adf30_1186x254.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:254,&quot;width&quot;:1186,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:75828,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/165539537?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4031caa7-0722-4c70-9487-bd04b20adf30_1186x254.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!WMmN!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4031caa7-0722-4c70-9487-bd04b20adf30_1186x254.png 424w, https://substackcdn.com/image/fetch/$s_!WMmN!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4031caa7-0722-4c70-9487-bd04b20adf30_1186x254.png 848w, https://substackcdn.com/image/fetch/$s_!WMmN!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4031caa7-0722-4c70-9487-bd04b20adf30_1186x254.png 1272w, https://substackcdn.com/image/fetch/$s_!WMmN!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4031caa7-0722-4c70-9487-bd04b20adf30_1186x254.png 1456w" sizes="100vw" fetchpriority="high"></picture><div></div></div></a></figure></div><h3><strong>&#8988;Introduction&#8989;</strong></h3><p>Fartcoin started with a simple goal: blending toilet humor with real-world impact. Powered by <strong>Pierre Beaudet </strong>with <strong>Truth_Terminal AI</strong>, the project creates a space where visual boldness, community spirit, and positive action collide featuring an absurdist film riffing on the <em>"Goatse"</em> meme (yes, fart jokes included), but more importantly, championing environmental causes. Beyond the deliberate shock value, <strong>Fartcoin</strong> is a playful manifesto to reimagine how art, decentralized finance, and sustainability interact.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!G7w3!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!G7w3!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!G7w3!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!G7w3!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!G7w3!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!G7w3!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png" width="1456" height="75" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:75,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:2360,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/164786774?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!G7w3!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!G7w3!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!G7w3!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!G7w3!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15a8ee0b-0d82-4353-8742-aa9e5681f3e6_1456x75.png 1456w" sizes="100vw"></picture><div></div></div></a></figure></div><h3><strong>&#8988;Creation&#8989;</strong></h3><p>The $FART token was born on October 18, 2024 from a love of nonconformity. With a total supply capped at 69,420,000 tokens. Ethereum was chosen for its security and compatibility, while keeping Solana deployment as a low-gas alternative. </p><p>This is how "shitoshi__" launched the project on October 18, 2024 via Pump.fun (program address: 9BB6NFEcjBCtnNLFko2FqVQBq8HHM13kCyYcdQbgpump). The Initial Fartcoin Offering (IFO) set the tone: early tokens were distributed as rewards for the best fart jokes and memes. The most hilarious contributions not only earned token rewards but will also be featured in the upcoming Goatse film, blending community creativity with visual storytelling.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!v3_2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" width="1456" height="75" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:75,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:2360,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/164786774?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw"></picture><div></div></div></a></figure></div><h3><strong>&#8988;Launch&#8989;</strong></h3><p>5 Launch Event Ideas  Meme Meets Utility :</p><ol><li><p><strong>Goatse Forest Rave</strong>: &#8220;<em>Silent VR disco&#8221;</em> in a digital forest each tree planted (IRL or NFT) unlocks fragments of a &#8220;<em>Goatse collective artwork&#8221;</em>.</p></li><li><p><strong>Fartcoin Airdrop Contest</strong>: Earn <strong>$FART tokens</strong> for the best fart jokes/memes, with top entries featured in the movie.</p></li><li><p><strong>Metaverse Dodgeball</strong>: VR tournament with &#8220;<em>Goatse-themed balls&#8221;</em>, rewarding winners with exclusive NFTs and tokens.</p></li><li><p><strong>Eco-Kink Hackathon</strong>: 24-hour sprint to build eco-friendly yet bold dApps/smart contracts, powered by FART DAO.</p></li><li><p><strong>Meme Trading Simulator</strong>: A virtual market trading memes with <strong>$FART</strong>, using AI oracles to predict virality.</p></li></ol><p><strong>Why it works</strong>: Blends community-generated content with tokenized incentives, turning participants into stakeholders.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!v3_2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" width="1456" height="75" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:75,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:2360,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/164786774?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><h3><strong>&#8988;Tokenomics&#8989;</strong></h3><p><strong>Supply &amp; Allocation </strong>(estimate)</p><ul><li><p><strong>50% to Community</strong> : Distributed via IFO, airdrops, and meme contests.</p></li><li><p><strong>20% to Treasury</strong> : Funds future films and eco-initiatives.</p></li><li><p><strong>15% to Core Team &amp; Partners</strong> : 2-year vesting to ensure long-term alignment.</p></li><li><p><strong>10% DAO Reserve</strong> : Future community governance and token burns.</p></li><li><p><strong>5% Initial Burn</strong> : Deflationary pressure from launch.</p></li></ul><p><strong>DeFi Mechanisms</strong></p><ul><li><p><strong>Fair Launch</strong> : Anti-dump safeguards via timed locks and vesting.</p></li></ul><p>Launch 10/18/2024 </p><pre><code><code>- Ticker symbol: $FARTCOIN
- Blockchain: Solana
- Total supply: 69,420,000 FARTCOIN</code></code></pre><p>Now June 2025,</p><pre><code><code>- Ticker symbol: $FARTCOIN
- Blockchain: Solana
- Circulating supply : 999 998 256 FARTCOIN
- Max supply : 1 000 000 000 FARTCOIN
- Market CAP : ~ 1,32 Md $ USD
- Volume 24h : $267.36M</code></code></pre><p><strong>Key Metric (Jan 20, 2025) :</strong><br>Fartcoin hit a <strong>$2.096B market cap</strong> with nearly <strong>$600M in daily trading volume</strong>, solidifying its position as a utility driven meme coin. Here are the various wallet clusters holding Fartcoin. Showcasing exceptionally diversified distribution that highlights the token's broad adoption.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!bSGe!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3173d75-22b1-4b64-be47-604066fe3b08_1484x1382.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!bSGe!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3173d75-22b1-4b64-be47-604066fe3b08_1484x1382.png 424w, https://substackcdn.com/image/fetch/$s_!bSGe!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3173d75-22b1-4b64-be47-604066fe3b08_1484x1382.png 848w, https://substackcdn.com/image/fetch/$s_!bSGe!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3173d75-22b1-4b64-be47-604066fe3b08_1484x1382.png 1272w, https://substackcdn.com/image/fetch/$s_!bSGe!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3173d75-22b1-4b64-be47-604066fe3b08_1484x1382.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!bSGe!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3173d75-22b1-4b64-be47-604066fe3b08_1484x1382.png" width="1456" height="1356" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/e3173d75-22b1-4b64-be47-604066fe3b08_1484x1382.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:1356,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:708528,&quot;alt&quot;:&quot;that the Fartcoin map from wallet&quot;,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/165539537?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3173d75-22b1-4b64-be47-604066fe3b08_1484x1382.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="that the Fartcoin map from wallet" title="that the Fartcoin map from wallet" srcset="https://substackcdn.com/image/fetch/$s_!bSGe!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3173d75-22b1-4b64-be47-604066fe3b08_1484x1382.png 424w, https://substackcdn.com/image/fetch/$s_!bSGe!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3173d75-22b1-4b64-be47-604066fe3b08_1484x1382.png 848w, https://substackcdn.com/image/fetch/$s_!bSGe!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3173d75-22b1-4b64-be47-604066fe3b08_1484x1382.png 1272w, https://substackcdn.com/image/fetch/$s_!bSGe!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3173d75-22b1-4b64-be47-604066fe3b08_1484x1382.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><h6>Source : <a href="https://v2.bubblemaps.io/map?address=9BB6NFEcjBCtnNLFko2FqVQBq8HHM13kCyYcdQbgpump&amp;chain=solana&amp;rule=topHolders&amp;date=2025-06-12&amp;limit=250">Bubblemap</a></h6><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!v3_2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" width="1456" height="75" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:75,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:2360,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/164786774?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><h3><strong>&#8988;</strong>Tangible Environmental Impact<strong>&#8989;</strong></h3><p><strong>Desired feature</strong></p><ul><li><p><strong>Eco-Pledge:</strong> For every 1,000 FART tokens minted, we fund the planting of 1 real tree through certified forestation.</p></li><li><p>Create a <strong>"Carbon Offset"</strong> : Burn tokens to trigger world impact, to fund renewable energy projects.</p></li><li><p><strong>Staking</strong> : Lock $FART to earn &#8220;Methane Credits&#8221; (redeemable for NFTs or event perks).</p></li></ul><p><strong>Fartcoin Ecosystem Blueprint:</strong></p><ul><li><p>Direct % of token sales to forest regeneration initiatives.</p></li><li><p>Community events generate cinematic content (documentaries/NFTs).</p></li><li><p>'Blockchain for Ecology' edutainment hubs in FART Metaverse.</p></li></ul><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!v3_2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" width="1456" height="75" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:75,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:2360,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/164786774?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><h3><strong>&#8988;Community-Driven Governance&#8989;</strong></h3><p>Fartcoin turns holders into co-creators by Interactive Ecosystem :</p><ul><li><p>&#10024; Gas Leak Events: Monthly meme/joke battles ($FART rewards + metaverse exhibition).</p></li><li><p>&#127942; Hall of Flame: Curated NFT gallery of top viral creations (DAO-voted).</p></li><li><p>&#129514; Breeding Lab: Merge 2 FartNFTs to generate rare hybrids (on-chain trait algorithm).</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!mUQw!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe89bbbff-8fc7-4225-98b9-9c3f46d3b46d_1066x1280.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!mUQw!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe89bbbff-8fc7-4225-98b9-9c3f46d3b46d_1066x1280.jpeg 424w, https://substackcdn.com/image/fetch/$s_!mUQw!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe89bbbff-8fc7-4225-98b9-9c3f46d3b46d_1066x1280.jpeg 848w, https://substackcdn.com/image/fetch/$s_!mUQw!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe89bbbff-8fc7-4225-98b9-9c3f46d3b46d_1066x1280.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!mUQw!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe89bbbff-8fc7-4225-98b9-9c3f46d3b46d_1066x1280.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!mUQw!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe89bbbff-8fc7-4225-98b9-9c3f46d3b46d_1066x1280.jpeg" width="420" height="504.31519699812384" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/e89bbbff-8fc7-4225-98b9-9c3f46d3b46d_1066x1280.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:1280,&quot;width&quot;:1066,&quot;resizeWidth&quot;:420,&quot;bytes&quot;:146847,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/165539537?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe89bbbff-8fc7-4225-98b9-9c3f46d3b46d_1066x1280.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!mUQw!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe89bbbff-8fc7-4225-98b9-9c3f46d3b46d_1066x1280.jpeg 424w, https://substackcdn.com/image/fetch/$s_!mUQw!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe89bbbff-8fc7-4225-98b9-9c3f46d3b46d_1066x1280.jpeg 848w, https://substackcdn.com/image/fetch/$s_!mUQw!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe89bbbff-8fc7-4225-98b9-9c3f46d3b46d_1066x1280.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!mUQw!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe89bbbff-8fc7-4225-98b9-9c3f46d3b46d_1066x1280.jpeg 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div></li></ul><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!v3_2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" width="1456" height="75" 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srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><h3><strong>&#8988;FARTCOIN &amp; MEV&#8989;</strong></h3><p><strong>Fartcoin Arbitrage Report (Q2.2025)</strong></p><ul><li><p>1,646 wallets deployed MEV bots to trade Fartcoin.</p></li><li><p>18,012,333 profitable automated arbitrage transactions were executed.</p></li><li><p>$4,586,969 in cumulative profits were generated by these bots.</p></li></ul><p>Ranking: Fartcoin consistently ranks in the TOP 3 most arbitraged memecoins by bots.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!lFmX!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa83068a4-3f92-4ea5-b9ee-93c1efb257e1_1595x749.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" 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https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" width="1456" height="75" 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srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><h3><strong>&#8988;Final Summary&#8989;</strong></h3><p>Fartcoin is more than a novelty, it's a manifesto for unconventional finance that bridges Web3 creativity with ecological accountability. Blending occult-inspired pixel art with reforestation, this project harnesses absurdity to drive measurable impact. $Fart continues to drive high arbitrage activity thanks to its resilient community. It consistently ranks among the top 5 most traded memecoins and outperforms its peers monthly by leveraging its unique environmental value proposition.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!v3_2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" width="1456" height="75" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:75,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:2360,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/164786774?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><p>&#128591; Thank you for reading and for your support. If you find our work valuable,</p><p>&#128258; Share it and follow us to stay updated with the latest insights and analysis.</p><p>&#127760; Explore solutions on our website <strong><a href="https://www.circular.fi/">Circular.fi</a> </strong>.</p><p>&#128279; Join our community on <strong><a href="https://discord.gg/QQVnHgXT">Discord</a></strong>, follow us on <strong><a href="https://x.com/Circular_fi">X @Circular.fi</a></strong>, and <strong><a href="https://t.me/Circular_fi">Telegram</a> </strong>.</p><p>&#128075; See you soon for more updates!</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!v3_2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png" width="1456" height="75" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:75,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:2360,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:&quot;&quot;,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://blog.circular.fi/i/164786774?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!v3_2!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 424w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 848w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1272w, https://substackcdn.com/image/fetch/$s_!v3_2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4885632a-85b6-4bba-8134-01479caa68dd_1456x75.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div>]]></content:encoded></item></channel></rss>