79th FRIDAY ELEPHANT TREASURY UPDATE (Projected and somewhat abridged 🙂)

Hello, everyone!

This is the 79th Friday report on the Elephant Treasury covering 80 weeks of Bertha progress and activity.

Due to the American Thanksgiving Holiday weekend, this version was a somewhat of a pro-rated one, projecting to the 11/24 6:00 PM CST numbers. Focus on the family for me today due to the holiday!

Reflecting on Futures Deposits

18 of the Top 23 weekly Futures cumulative deposits have occurred in the last 18 weeks.

18 for 18!

Previously to those 18 weeks, only 4 out of 24 weeks reached the Top 23.

BERTHA TOKEN GAINS

For the 43rd time in the last 44 weeks (.977), Bertha’s weekly token growth has eclipsed the 1-trillion mark. The only week she did not gain 1 trillion tokens in that time period, she gained 900 billion.

· 44 weeks coincides with the weeks that Futures has been in existence.

· In the previous 36 weeks before Futures’ launch, Bertha grew over 1 trillion in a week only 11 times (.306).

• This week Bertha grew 1.55 trillion Elephants (projected) to 191.90 trillion Elephants. 76 out of 80 weeks (.950) have seen Bertha growth.

BERTHA VALUE

Bertha’s value reflect mid-October levels, with a $1.539M drop to $76,418,000 from $77,957,000.

Bertha’s value still stands at over 6.5 times her value back on January 21, 2023.

THE IMPACT OF FUTURES ON BERTHA

Bertha has risen by 89.92% in Elephant tokens since the launch of Futures on January 21, 2023–2.04% per week.

Since Futures’ launch, Bertha has added 90.49 trillion Elephants to its size — an average of 2.06 trillion Elephants per week over 44 weeks. Last week the weekly average was 2.07 trillion.

⬆️⬆️Both of the two averages above have stayed very consistently at those figures over the course of time.

TARGETING TIME: 200T Elephants in Bertha

As we target 200T, we use the Futures-launch average (44 weeks now; 2.06T),
but we also are averaging from 9/29 (after reaching 175T) (9 weeks now; 2.07T).

Method 1:
2.06T average: 4 weeks
(December 22, 2023)
Last week: (December 20, 2023)

Method 2:
2.07T average: 4 weeks
(December 22, 2023)
Last week: (December 19, 2023)

FUTURES WEEKLY GAINS

New Futures participation rose to 2,851 (projected), which was a 37-wallet rise. Last week, 39 Future wallets were added (2,814).

Futures’ deposits broke through $20M to $20.381 (projected) as $581K were added to the purse. $581K is the tenth-highest weekly in Futures deposits.

Last week was the second-highest weekly total ever: $1.370M, giving us a total then of $19.800M.

Over $7.33M has been deposited into Futures over the last 8 weeks.

Futures’ TVL rose another $1.063M (projected) to $28.897M. Last week’s rise was $1.950M to $27.834M. 7 of the last 8 weeks has seen $1M+ in weekly TVL growth.

WATCHING EMU NFT GROWTH
EM Unlimited minting contributes proceeds directly to Bertha. This week we project 93 mints to 11,883 from 11,790, following 67 mints the previous week.

Current NFT APR: 25.49%
Last week’s NFT APR: 26.39%

⬇️ 0.90 percentage points.

Lowest NFT APR: 22.55% (10/13/2023)

⬆️ 2.94 percentage points.

WEEKLY WATCH ON THE ELEPHANT LPs

55.3T Elephants in the BNB Pool
⬇️0.6T for the week.
$0.0₆39.97 ⬇️2.36%

43.9T Elephants in the BUSD Pool
⬇️0.2T for the week.
$0.0₆4218 ⬆️0.84%

99.2T total Elephants remaining:
⬇️0.8T for the week.

Since May 9, we have seen a total of 80.9T Elephants removed from the LPs: ⬇️44.9%.

97.7T Elephants removed from the LPs and ⬇️54.2% were the highest marks recorded back on 9/29/23.

It has been a pleasure to be associated with this active EM community. Perhaps I can meet some of you when we have our first Elephant Money convention in Northwest Iowa next year.

I’m kidding. 😉

Have a good week ahead!