64th Friday Elephant Treasury Update
Hello, everyone!
Welcome to the 64th Friday Elephant Treasury Update, covering 65 weeks of Bertha progress. You can find all the previous reports on EM Telegram.
I thoroughly enjoy composing these updates each week, especially as the EM ecosystem grows stronger by the day. I hope that you enjoy this latest report, including my latest wrinkle. Here we go!
BERTHA TOKEN AND VALUE GAINS
Ever since EM Futures began 29 weeks ago, it has played a continuously leading role in boosting the levels of Elephant Treasury each week .This week is no exception to that fact.
ET has risen another 3.11 trillion Elephants to 161.94 trillion — ranking 6th highest in 64 weeks of coverage, and 5th highest since Futures launched. Last week’s rise was 2.48 trillion Elephants.
28 out of the last 29 weeks have brought at least 1.22-trillion Elephant ET weekly gains.
Bertha gains: 61 out of 65 weeks of coverage — 29 weeks in a row!
TOP 15 ET GAINS SINCE MAY 19, 2022
1) 6.55 on May 19, 2022
2) 5.13 on January 27, 2023 (First week of Futures)
3) 3.91 on February 3, 2023
4) 3.24 on July 14, 2023 (First week of NFT minting)
5) 3.12 on June 23, 2023
6) 3.11 on August 11, 2023
7) 2.94 on August 19, 2022
8) 2.48 on August 4, 2023
9) 2.46 on May 12, 2023
10) 2.35 on February 10, 2023
11) 2.31 on June 30, 2023
12) 2.16 on March 31,2023
12) 2.16 on July 28, 2023
14) 2.10 on May 5, 2023
15) 1.93 on June 16,2023
16) 1.91 on May 19, 2023
16) 1.91 on March 10, 2023
18) 1.85 on August 26, 2022
19) 1.68 on July 21, 2023
20) 1.62 on February 17, 2023
20) 1.62 on Feb. 24,2023
20) 1.62 on April 21, 2023
Two takeaways from the Top 20 (22) stats:
1. 19 of the Top 22 ET weekly token rises have occurred since EM Futures began.
2. 4 of the Top 8 ET weekly token rises have occurred within the last month — at a time when Elephant tokens have been their most expensive. Bertha cannot buy pricey Elephants without increased interest in the EM ecosystem by others — especially in the Triple Play of Futures, Elephant, and the Elephant Unlimited NFTs. We will see that such increased interest is taking place.
Fastening your seatbelts is not enough this week. You need to tether yourself to your seat with Velcro and don a safety helmet!
Bertha’s USD value set a record for the second straight week in its weekly rise in value and the third time in five weeks, only this record simply obliterated last week’s record by nearly $2,000,000! $4,975,000 were added this past week to Bertha’s value — a rise of 13.4% — to $42,000,000 (6:00 PM CDT)!!
The August 4, 2023 report brought a weekly rise of $3,158,000 to $37,025,000.
We have seen 10 $1M+ weekly rises in value in the last 13 weeks, and 5 $2M+ weekly rises in the last 8 weeks! The last two weeks have seen over $8,133,000 in value enter the Elephant Treasury!
A shout-out to Bailey EMH, who has shown us that each dollar submitted to Bertha’s use these days results in $3.47 being added to Bertha’s value.
THE IMPACT OF FUTURES AND UNLIMITED ON BERTHA
Bertha has risen by 59.7% in Elephant tokens since the launch of Futures on January 21, 2023.
Since Futures’ launch, Bertha has added 60.53 trillion Elephants to its size — an average of 2.09 trillion Elephants per week over 29 weeks. Last week the weekly average was 2.05 trillion.
One extra takeaway for this Medium article is that Bertha has now quadrupled in value sInce Futures launched!
EM Unlimited minting, which sends BNB proceeds directly to ET, has now contributed a total of $1,202,800 to Bertha. 1,110 mints took place this week, amounting to an additional $268,112 received by ET, and bringing the total minted to 4,958 (5,958).
861 NFTs were minted the previous week, and brought the total minted then to 3,848 (4,848). adding $207,618 to Bertha ($934,888)
Two weeks ago 622 mints brought us to 2,987 (3,987) adding $148,955 to Bertha ($727,030).
Three weeks ago 469 mints rose the total to 2365 (3365), adding $114,401 to Bertha.
Takeaways from the EMU minting:
1. Each of the past four weeks we have seen EMU minting accelerate and, consequently, the EMU funding of ET has accelerated as well, which has contributed significantly to the higher weekly ET Elephant token rises we have been witnessing over the last four weeks. Unlimited has made a big difference in Bertha’s performance!
2. We have seen a 237% rise in weekly EMU minting from four weeks ago (469 to 1,110). Introducing bulk minting on July 25, 2023 helped greatly in raising the amount of EMU NFT minting per week.
AN UPDATE ON TWO OF LAST WEEK’S ADDED WRINKLES
Last week we showed the kind of impact that the Triple Play of Elephant, Futures, and Unlimited has been having since Futures was introduced in January 2023, impacting the Elephant Treasury so it can impact the EM ecosystem. ET’s token count and value have both grown quicker as time has passed. Check out the updated “wrinkles” below:
1. ET 30T Token-Growth Chronicle Since May 12, 2022
70T to 100T Elephants took 30 weeks.
100T to 130T Elephants took 21 weeks.
130T to 160T Elephants took 14 weeks! (equal to the estimate)
160T to 190T (estimated — based on 29–week average weekly growth of 2.08T): 14 weeks
2. ET $5M Value-Growth Chronicle Since May 12, 2022
$5M-$10M: 25 weeks
$10M-$15M: 19 weeks
$15M-$20M: 9 weeks
$20M-$25M: 5 weeks
$25M-$30M: 3 weeks
$30M-$35M: 3 weeks
$35M-$40M: 6 days! (The estimate was 5 days.)
$40M-$45M (est. — based on the past week’s $0.752M/day average): 6–7 days
TARGETING TIME
A. 175T ELEPHANTS IN BERTHA
Here are two of the different methods that are targeting 175 trillion Elephants in the Elephant Treasury:
1. Averaging since the Futures launch (29 weeks ago).
2. Averaging since Unlimited’s first full week of coverage following its minting and staking launch (4 weeks ago). 1/2
Method 1:
2.09T average: 6 weeks, 2 days (September 25, 2023) — last week the date was September 28, 2023.
Method 2:
2.36T average: 5 weeks and 3 days (September 18, 2023). Last week weekly average was 2.10T: 7 weeks and 5 days (September 26, 2023)
B. 21T Elephant Removal from the Elephant Pools (another updated wrinkle!)
Back on July 24, EM’s Bankteller mentioned that an additional removal of 21 trillion Elephants from the Elephant pools would cause “some serious fireworks.”
We started to target that 21T removal last week.
On July 24 we stood at 137.1T Elephants remaining in the pools, which means that 116.1T would be the projected “fireworks” figure.
Based on our 4.22T weekly average over the last 13.4 weeks, and since we now stand at 123.5T Elephants, we could reach 116.1T Elephants by August 23, 2023 (1 week, 5 days). Last week the projection was August 29, 2023.
WEEKLY WATCH ON THE ELEPHANT LPs
68.2T Elephants in the BNB Pool
⬇️4.1T for the week.
$0.0₆2602 ⬆️11.3% (!)
55.4T Elephants in the BUSD Pool
⬇️2.8T for the week.
$0.0₆2601 ⬆️10.9% (!)
130.5T 123.5T total Elephants remaining,
⬇️6.9T for the week.
Since May 9, we have seen a total of 56.5T Elephants removed from the LPs, ⬇️31.4%!
With a total of 56.5T Elephants drained from the pool, we have a 4.22T weekly average over the last 13.4 weeks. Last week the average was 4.00T.
Fewer Elephants in the pools leads to higher prices for the remaining Elephants.
“FOMO MULTIPLIER”
This week the “FOMO Multiplier” stands at 2.22x, as Bertha has gained 3.11T Elephants, while the total reduction of Elephants from the pools last week was 6.9T. Last week’s multiplier stood at 2.00x. We continue to see a steady rise of the Multiplier rate.
FUTURES WEEKLY GAINS
New Futures participation rose to 1,854–82 more this week. This is the highest amount of participation we have seen since the second week of Futures 27 weeks ago (2/3/2023:154)!! Last week 55 Future wallets were added (1,772).
Futures’ TVL rose $653K to $13.132M. The rise from the week before was $840K to $12.50M.
Futures’ deposits rose $428K to $9.696M.. The rise from the week before was $580K to $9.28M.
Two-Week Trumpet Stats:
July 28: 1.544
August 11: 1.600
⬆️ 3.6%
Trumpet always rises.
Updates on Elephant holders (including a new wrinkle)
A. Increase in Elephant Holders
On July 14, 2023, the 60th FETU, I reported that the amount of Elephant holders grew by 1,000 in only 57 days previously (May 18 to July 14), while it took 230 days to grow 1,000 holders before that (Sept. 30-May 18). Since July 14 (28 days ago), Elephant holders have grown another 611 wallets or 21.82 per day. On that 21.82/day pace, it will take 46 days to add another 1,000 holders, so that stat shows that it continues to take less time for Elephants to be caught by the same amount of people.
B. Increase in >1 Billion Elephant Holders
How about this? The reduction in time it is taking for 100 wallets to be added to the 1 Billion Elephant Token Holders List!
September 30, 2022 to June 19, 2023: 37 weeks and 3 days
June 19, 2023 to July 1, 2023 1 week and 5 days
July 1 to July 26: 3 weeks and 4 days
July 26 August 3: 8 days
August 3–9: 6 days
It has been another great week for Elephant Money and for Bertha in particular.
The Herd continues to contribute, AMAs and Twitter Spaces, articles and YT videos, Twitter posts and Instagram and Reddit. Rarity work by BT and some extra EOTO taking place for BT’s birthday (hope it was a happy one, sir.).
Thanks to you all for your support!
Have a good weekend!🙏🏻🙂
