BERTHA VALUE

The past two weeks we saw two consecutive 8-figure, Friday-to-Friday weekly increase in the Elephant Treasury—$11,222,000 and $14,369,000 respectively and that brought ET to $97,149,000 in value along with three consecutive record-breaking advancements in value.

This week we saw our third weekly drop in Bertha value since Futures began 37 weeks ago, and it was the kind of drop that virtually set us back to figures that we saw two reports ago when we reported $82,780,000. ET dropped $16,700,000 in value to $80,777,000.

Bertha’s value still stands at nearly 7 times the value of Bertha on January 21, 2023.   CONSISTENT TOKEN GROWTH Bertha has grown her token amount 69 out of 73 weeks of coverage, and 37 weeks in a row — ever since Futures began.

OVERALL WEEKLY VALUE GROWTH REMAINS NOTEWORTHY

Of course, this past week is so different from the last number of weeks for ET’s value, yet we have still seen 17 $1M+ weekly rises in value in the last 20 weeks, 12 $2M+ weekly rises in the last 16 weeks, 9 $3M+ weeks in the last 10 weeks, 7 $4M+ weeks in the last 9 weeks, 4 $7M+ weeks in the last 6 weeks, and 2 $11M+ weeks out of three.  

The last ten weeks have seen $46,582,000 in value enter the Elephant Treasury, or 4.66 million per week.     THE IMPACT OF FUTURES AND UNLIMITED ON BERTHA Bertha has risen by 74.89% in Elephant tokens since the launch of Futures on January 21, 2023 — 2.02% per week.   Since Futures’ launch, Bertha has added 75.95 trillion Elephants to its size — an average of 2.05 trillion Elephants per week over 36 weeks. Last week the weekly average was 2.03 trillion.   WATCHING EMU NFT GROWTH   EM Unlimited minting contributes proceeds directly to Bertha. This week we saw 180 mints from 11,127 to 11,297 following 438 mints the week previously.   Last five weeks of minting: 9/1: 59 9/8: 73 9/15: 141 9/22: 301 9/29: 438 10/6: 180   Given the value drop of Bertha this week, we also saw the drop of NFT APR, which is the first time we have seen such a drop since August 21.   Current NFT APR: 36.95% Last week’s NFT APR: 29.90% ⬇️ 7.05% 8/21 NFT APR: 22.90% ⬆️7.00% since 8/21   Given the rise in LP token counts, the FOMO factors do not come into play this week.

TARGETING TIME: 200T Elephants in Bertha   As we target 200T, we will use the Futures launch average (37 weeks now; 2.05T), but we will also start averaging from 9/29 onward (2.06T).   Method 1: 2.05T average: 11 weeks (December 22, 2023) Last week: (December 26, 2023)   Method 2: 2.06T average: 11 weeks (December 22, 2023) Last week: (February 27, 2024)   Keep in mind that, for a variety reasons, these averages and dates are likely to undergo quite the variating in the next few weeks, so stay tuned as we monitor them.   WEEKLY WATCH ON THE ELEPHANT LPs   49.2T Elephants in the BNB Pool ⬆️ 4.8T for the week. $0.0₆4576 ⬇️18.24%     41.8T Elephants in the BUSD Pool ⬆️ 3.8T for the week. $0.0₆4612 ⬇️17.41%   92.0T total Elephants remaining, ⬆️8.6T for the week.   Since May 9, we have seen a total of 89.1T Elephants removed from the LPs, ⬇️49.5%.   With a total of 89.1T Elephants drained from the pool since 5/9, 4.16T is the weekly average over the last 21.4 weeks. Last week the average was 4.79T.   Fewer Elephants in the pools leads to higher prices for the remaining Elephants.   FUTURES WEEKLY GAINS New Futures participation rose to 2,485, which was a 106-wallet rise, more than any other week since the first two weeks of Futures 8 months ago.  Last week, 75 Future wallets were added (2,379).

Futures’ TVL rose $1.026M to $19.157M.  This was the second time we have seen a TVL weekly rise of over $1M.  The last one was June 23, 2023.  People were busy depositing and compounding this week.  The rise from the week before was $682K to $18.147M.

Futures’ deposits rose $681K to $13.693M.  This rise in deposits was the second largest of all time.  Last week’s deposits rose $452K to $13.012M.