ETH is Ultrasound Money
The current memcoin boom has significantly affected the deflation of the ether.
Over the past 7 days, 61k ETH has been burned. For comparison, with Merge (235 days ago), only 190k ETH was burned. The last week accounted for ~30% of the total burn. And the gas has become too big for the art rally.
At the same time, NFT sales have not increased much, and there is not much hype around any projects. But we haven't even entered the bull yet
Pepe has already fallen by 19%, and Turbo by 48%.
*art by beeple
