I was concerned about $donut miner profitability post halving but then i remembered that since it's a dutch auction miners will simply wait to buy the miner slot at a favourable price and mine for longer until price goes up I suspect revenue will go down or a bit until price picks up again and miners are more eager to buy the slot earlier ( = more frequently) This ofc is dependent on buyers showing a bit over the next few days The most bullish thing would be rev climbing up anyways, means that miners are ok with operating at a loss for a bit and not selling their tokens = big green candles Liq has increased quite a bit and emissions have halved so price should hopefully not take as much of a hit beyond this

as expected, revenue went down as miner incentives diminished. Price needs to be higher to spur on a reflexive mining leg. Turning on buyback and burns will provide the necessary catalyst to begin the next leg up, and encourage more mining activity (and a reflexive loop). Buying here before it gets turned on *should* be a really good trade here. I suspect the drip drip of sideways chop until it gets turned on will lead to some further capitulation which can provide extremely attractive entries. I would not want to see daily rev drop below 20k personally

YEAH WE DOIN FUNDAMENTAL ANALYSIS OF LOW CAPS HERE KEEP SCROLLING

at current prices, 100% of $donut treasury rev can buy back 1/3 of circ supply and offset a lot of emissions in a less ideal scenario depending on price + execution and the amount used to buyback and burn, could maybe see 10-15% of circ supply offset at the very least. Either way, a buyback and burn gets everyone's ears perked up