Elephant Money Newsletter (10/12/2023): 3X More Assets > Liabilities
The Elephant Money Newsletter, a weekly update on everything Elephant. Please feel free to reference and share all the information in this newsletter!
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Quick Info:
Market Cap: $342.2 million
Elephant Treasury Growth: (-$22,282,000) @ 61,455,000
BTC Supply Adjusted Price: (- $6.22) @ $16.30
2nd Top Holder of wBNB
6th Top Holder of BUSD
3x more assets than futures liabilities!
Weekly Review:
💥💥 Redistribution Event 💥💥
Thought I’d share some thoughts and data on recent events here at Elephant Money.
When you look at the data and understand how this protocol wins over the long term (the clue is Bertha) you can remove emotion from your decision making process and see these past couple of weeks for exactly what they are. A cleanse and redistribution event. I’ll be totally honest and say that the less tokens humans have control over, the happier I will be. Lets look at some changes over the last few weeks.
Holders with 1T plus bags now have control over 15% less tokens ✅
Holders with 500b to 1T bags now have control over 6% less tokens ✅
Holders with 100b to 500b bags now have control over 6% less tokens ✅
Meanwhile — the Treasury has significantly increased her token count by nearly 5T tokens or 2.6%
Bertha is our number one metric for the long-term success of this project. Let’s keep rowing in the same direction. EOTO
Elephant Treasury & BTC Supply Adjusted Price:
Elephant Money Treasury:
10/5: $83,737,000
10/12: $61,455,00 ( Down -$22,282,000)
BTC Adjusted Price:
10/5: $22.52
10/12: $16.30 (Down -$6.22)
Elephant Money Stats
Elephant Treasury: (2200 10/12/2023 EST)
10/5: 177.06 T
10/12: 179.59 ( Up 2.53 T)
Both LP Total:
10/5: 89.4 T
10/12: 103.96 (Up 14.56 T)
Note: Above stats are real time on chain numbers provided bscscan.com. Dune analytics updates every few hours.
Blockchain Explorer: Bscscan.com
On Chain Transparency
Note: Here is the BSC blockchain explorer for Elephant Money- https://bscscan.com/token/0xe283d0e3b8c102badf5e8166b73e02d96d92f688#balances
Liquidity Pools:
Elephant wBNB LP:
Top 2nd Holder of wBNB on BSC.
10/5: wBNB LP:108,234
10/12: wBNB LP: 93,586 (Down 14,648 wBNB)
Elephant BUSD LP:
Top 6th Holder of BUSD on BSC
10/5: BUSD LP: 19,521,004
10/12: BUSD LP: 16,856,938 (Down $2,664,066)
30 day In vs Out:
Total In:
10/5: 4,000,000
10/12: 4,700,000 (Up $700,000)
Total Out:
10/5: $863,600
10/12: $949,100 ( Up $85,500)
Futures: Assets Vs Liabilities
Futures TVL (Liabilities): 20,140,815 (Up $1,076,555)
Elephant Treasury (Assets): $61,455,000 ( Down -$22,282,000)
Note: 3x more assets than futures liabilities! (1.2x decrease)
New Futures Wallets: 78 @ 2,568
Elephant Money Charts:
24 hours (10/5/2023 1338 PST ): + 0.88%
7 Day: (-) 27.63%
YTD: + 295.54%
Elephant Unlimited NFTs:
ONLY 8577 NFTs LEFT IN ROUND 2
Buy discounted Elephant Money Unlimited NFTs @ 1.8 BNB each!
Available Discounted NFTs: 0
NFTs sold in Marketplace: 442
NFT Supply Minted:
10/5: 11,238 (200 NFTs minted)
10/12: 11,423 (185 NFTs minted)
Total BUSD Deposits: $2,783,000
Current APR: 22.18% (Down 8.94%) paid in Elephant Token
Total Rewards Paid Out to Stakers: 426.38 B
All updates on Elephant Money Unlimited NFTs will be provided by Bankteller via the Medium Link Below.
https://medium.com/elephant-money/elephant-money-unlimited-is-live-cf67fbf8f708
Twitter Spaces:
Please tune in Every Wednesday for the Elephant Money Spaces:
10/11/2023 Twitter Space Link:
https://x.com/ElephantStatus/status/1712127345681744365?s=20
NFT GIVEAWAY EVERY WEDNESDAY to a random audience member!
RAID a Week Content:
YOUTUBE HERD:
Medium Herd:
Nothing in this article is intended to constitute investment advice. Neither the author nor the publication takes any responsibility or liability for any investments, profits or losses you may incur as a result of this information. Readers are encouraged to perform their own due diligence and research, or consult a licensed financial advisor or broker before making any and all investment decisions. This content is intended for general informational and educational purposes only. Though the author strives for accuracy, the data contained within the article cannot be relied upon. The author may own cryptocurrencies and tokens discussed in the article. The article may contain affiliate links.
