Published 18 Sept 2026, 14:19 UTC · fetched 3 Nov 2026, 10:55 UTC
Ignas
@DefiIgnas
These dividend-memes are liquidity time bombs: When trading volume decreases, HODL payouts drop and whales get tempted to dump. $ZCAT has a ~$105m MC but ~$4.3m liquidity across all Solana pools I checked. In its main $1.88m ZCAT/ZEC pool, a $100k sell implied a 16% dump That's less than 0.1% of market cap. Sell $250k: 35%. STONK looks better. Its main $7.1m SPYx pool has: - $100k sell: 1.5% drop - $250k sell: 3.7% drop Around 4x more liquidity, but 10x less price impact. LPs have concentrated more capital around the current price. Reason is because the mechanism making ZCAT attractive to hold makes it more expensive to LP: the 3% transfer tax funding its ZEC payouts also impacts LP deposits and withdrawals. You cant rebalance your position often! STONK is a simple SPL token so better to LP. I used ChatGPT Astra for these calculations so might be mistakes.View original on X ↗
Deterministic: the same prices and policy always give the same result
unscored Awaiting manual review
Only the end-of-horizon price counts. A brief move followed by a reversal is not a success. Read the methodology
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