Update on the death of the uLtRaSoUnD mOnEy meme:
Based on current issuance, the ultrasound money meme will completely break around the end of January, unless they crank gas fees to kick the can.
Issuing 30k ETH breaks the model. But it would take a burn of 457k ETH to return to the low trajectory.
Shhhh. 🤫 Don't tell them.
