65th FRIDAY ELEPHANT TREASURY UPDATE

Hello, everyone!

Welcome to the 65th Friday Elephant Treasury Update, covering 66 weeks of Bertha progress. You can find all the previous reports on EM Telegram.

As we begin the 6th Quarter of Elephant Treasury reports, we find the gains there and in its supporting products continuing to gain remarkable momentum, reminding us of the previous parabolic days of early 2022.

Let’s get started!

BERTHA TOKEN AND VALUE GAINS

ET is putting on the ritz this week — no doubt about that. 5.02 trillion Elephants came charging into Bertha’s pen — yes, 5.02T! Only twice have we seen such a rise since we started these report — the first week of these reports and the first week of Futures’ launch. Bertha now sits on to 166.96 trillion Elephants. — ranking 3rd highest in 66 weeks of coverage, and 2nd highest since Futures launched!* Last week’s rise was 3.11 trillion Elephants to 161.94T.

29 out of the last 30 weeks have brought at least 1.22-trillion Elephant ET weekly gains.

Bertha gains: 62 out of 66 weeks of coverage , and 30 weeks in a row!

TOP 20 ET GAINS SINCE MAY 19, 2022

1. 6.55 on May 19, 2022 (First week of reports)

2) 5.13 on January 27, 2023 (First week of Futures)

3) 5.02 on August 18, 2023*

4) 3.91 on February 3, 2023

5) 3.24 on July 14, 2023 (First week of NFT minting)

6) 3.12 on June 23, 2023

7) 3.11 on August 11, 2023

8) 2.94 on August 19, 2022

9) 2.48 on August 4, 2023

10) 2.46 on May 12, 2023

11) 2.35 on February 10, 2023

12) 2.31 on June 30, 2023

13) 2.16 on March 31,2023

13) 2.16 on July 28, 2023

15 ) 2.10 on May 5, 2023

16) 1.93 on June 16,2023

17) 1.91 on May 19, 2023

17) 1.91 on March 10, 2023

19) 1.85 on August 26, 2022

20) 1.68 on July 21, 2023

*When you check the chart provided, you will see this week’s figure rated as Number 1 since Futures launched because some of the early figures on the chart were taken from the Dune weekly readings. According to my FETU weekly readings, it ranks Number 2 since Futures launched.

Three takeaways from the Top 20 stats:

1. 17 of the Top 20 ET weekly token rises have occurred since EM Futures began.

2. 5 of the Top 9 ET weekly token rises have occurred within the last 6 weeks — at a time when Elephant tokens have been their most expensive. Bertha cannot buy pricey Elephants without the increased interest in the EM Triple Play of Futures, Elephant, and the EM Unlimited NFTs.

3. Top 15 are all above 2T.

Time to grab your oxygen masks! We are entering some high elevations!🙂

Bertha’s USD weekly value set a record for the third straight week in its weekly rise in value and the fourth time in six weeks! Last week’s record was impressive, but this week’s record overshadows even last week’s record, as…

6,852,000!!

…were added this past week to Bertha’s value — a rise of 16.3% — to $48,852,000 (6:00 PM CDT)!!

The August 11, 2023 report brought a weekly rise of $4,975,000 to $42,000,000.

We have seen 11 $1M+ weekly rises in value in the last 14 weeks, and 6 $2M+ weekly rises in the last 9 weeks! The last three weeks have seen…

14,985,000!!

…in value enter the Elephant Treasury!

Astounding!

THE IMPACT OF FUTURES AND UNLIMITED ON BERTHA

EM Futures celebrates its completion of its first 30 weeks. today, and along with EM Unlimited NFTs and Elephant token, they provide a three-strand cord from which Bertha derives it’s unbroken strength.

Bertha has risen by 64.6% in Elephant tokens since the launch of Futures on January 21, 2023.

Since Futures’ launch, Bertha has added 65.55 trillion Elephants to its size — an average of 2.19 trillion Elephants per week over 30 weeks. Last week the weekly average was 2.09 trillion.

EM Unlimited minting, which sends BNB proceeds directly to ET, minted an astounding 4,065 NFTs this week, more than the last three weeks combined. This week’s mints sent $934,000 to the Elephant Treasury, bringing the total proceeds to $2,137,000.

The previous four weeks saw 1,110 mints, 861, 622, and 469 respectively.

Takeaways from the EMU minting:

1. EMU continued its accelerated weekly minting, exploding in this fifth week of acceleration. This acceleration has been a major contributor to the higher weekly ET Elephant token rises we have been witnessing over the last five weeks.

2. We have seen a 866% rise in weekly EMU minting from four weeks ago (469 to 4,065). Next week’s EMU minting take place entirely at

2 BNB/NFT.

AN UPDATE ON TWO 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:

Cases in point:

1. ET 30T Token-Growth Chronicle Since May 12, 2022
2. 70T to 100T Elephants took 30 weeks.
3. 100T to 130T Elephants took 21 weeks.
4. 130T to 160T Elephants took 14 weeks! (equal to the estimate)
5. 160T to 190T (estimated — based on 30-week average weekly growth of 2.19T): 12 weeks (last week:14 wks)

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

$40M-$45M: 6 days!

$45M-$50M (based on daily average): 5 days.

TARGETING TIME

A. 175T ELEPHANTS IN BERTHA

Two different methods that are targeting 175 trillion Elephants in the Elephant Treasury:

1. Averaging since the Futures launch (30 weeks ago).
2. Averaging since Unlimited’s first full week of coverage following its minting and staking launch (5 weeks ago).

Method 1:

2.19T average: 3 weeks, 4 days (September 12, 2023).

Last week:September 25, 2023.

Method 2:

2.89T average: 2 weeks and 4 days (September 5, 2023).

Last week: (September 18, 2023)

B. 21T Elephant Removal from the Elephant Pools

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 two weeks ago.

On July 24 we stood at 137.1T Elephants remaining in the pools, which means that 116.1T would be the projected “fireworks” figure.

We had projected August 23, 2021 last week but of course we bolted past that number earlier this week already. With these figures we see Bertha and all the rest of Elephant holders gaining value with greater velocity.

WEEKLY WATCH ON THE ELEPHANT LPs

61.2 T Elephants in the BNB Pool

⬇️7.0T for the week.

$0.0₆2942 ⬆️13.1% (!)

52.1T Elephants in the BUSD Pool

⬇️3.3T for the week.

$0.0₆2948 ⬆️13.3% (!)

113.3T total Elephants remaining,

⬇️10.3T for the week!

Since May 9, we have seen a total of 66.8T Elephants removed from the LPs, ⬇️37.1%!

With a total of 66.8T Elephants drained from the pool since 5/9, 4.64T is the weekly average over the last 14.4 weeks. Last week the average was 4.22T.

Fewer Elephants in the pools leads to higher prices for the remaining Elephants.

“FOMO MULTIPLIER”

This week the “FOMO Multiplier” stands at 2.05x, as Bertha has gained 5.02T Elephants, while the total reduction of Elephants from the pools last week was 10.3T. Last week’s multiplier stood at 2.22x. It is hard to raise this multiplier when Bertha eats so much!😂

FUTURES WEEKLY GAINS

New Futures participation rose to 1,929–75 more this week and fifth highest since Futures launched. Last week 82 Future wallets were added (1,854), which was third highest of all time.

Futures’ TVL rose $848K to $13.980M — the second highest weekly TVL. The rise from the week before was $653K to $12.50M.

Futures’ deposits rose $662K to $10.358M — the second highest weekly deposit gain. Last week’s deposits rose $428K to $9.696M.

It has been a stellar week for Elephant Money and for Bertha in particular.

Thanks to you all for your support!