Trunk is starting to move to the upside; however, I hear you say… ‘so what’. Perhaps you have seen this before, only for it to slip back down again…
Well, this token has actually been around for a number of years and has had quite a few incarnations. It started out on the BSC chain pegged against the dollar with partial backing from BUSD. Then after the exploit happened to the Treasury (Bertha), TRUNK lost its peg. There were a number of mechanisms implemented to get it back to peg; however, those ultimately were unsuccessful. It then became a token with utility through farms, etc., however, it was no longer really pegged to the dollar. Then its staking was removed, it opened up on the Solana chain, it became limited in supply and deflationary…
And still, I hear you saying…. so what?
Well…as mentioned earlier, there is a unique Treasury in Elephant.Money (called Bertha), and she is designed to buy the elephant token, but as of more recently, she has also been buying the TRUNK token. She has been directing 1% of her incoming revenue towards the buying of Trunk. The system takes these purchases and burns the Trunk effectively limiting the amount of Trunk available for others to buy. This ultimately makes TRUNK not only ‘limited in supply’ but deflationary by design. There are only 108.6 Million TRUNK available, and Bertha has already bought up 2.8 Million in a couple of months at her present accumulation phase rate. Just imagine what will happen when new investors start to buy into Elephant.Money again. That 1% will be huge, and the limited supply of TRUNK will just get smaller and smaller.
Mmm, I hear you say. 1% sounds like a decent amount; however, that may take a while to really start to pick up. I mean; the bull run is upon us, and although this does sound like the best meme coin out there (as it has something tangible to offer investors going forward), I still hear you say….
….so what?
Well, there is one other thing….’probably nothing’…..Elephant.Money has a not too insignificant product called ‘Futures’. You may have heard of it? If you put in regular investments, you can earn 0.5% per day, that can be compounded! This is something very special in DeFi, and although there are only 3425 wallets holding Futures, the TVL is at a staggering $40 Million. This is an amazing product and along with some incredible Tokenomics within the Elephant ecosystem helped the Elephant token rocket up the last parabola. The way that this product is structured encourages participants to make regular payments to keep their interest rate at its highest, and BT (Bankteller) is considering using up to 20% of this incoming revenue to buy TRUNK!!!…
No……WHAT? !!! I hear you say.
YES, ‘WHAT’ alright! This will be called the Trunk Turbine, and it will power up the price of TRUNK like the market has never seen before. Within the Elephant.Money ecosystem, most of the revenue coming into Bertha has been used to buy up the Elephant token (thus making Bertha the biggest friendliest whale); likewise, Elephant.Money through the Trunk Turbine will start to buy up the Trunk token. As the money coming into Futures starts to increase, the money being made available to buy TRUNK will also increase… Given that people will start to realize just how good Futures is, the flow-on effect and outlook for TRUNK are exceedingly bullish in my opinion. A ‘limited’, ‘deflationary’ token with a mega hungry friendly whale buyer that will never dump on you MAY just be the best opportunity DeFi and certainly the ‘meme’ community has ever seen.
So that’s what’s what.
TRUNK Token’s journey from a dollar-pegged asset to a deflationary utility token with a limited supply has been marked by resilience and innovation. The strategic moves by Elephant.Money’s Treasury, Bertha, to purchase and burn TRUNK tokens, coupled with the introduction of the Trunk Turbine mechanism, are poised to create a scarcity that could significantly drive up the token’s value. The potential infusion of up to 20% of Futures’ revenue into TRUNK purchases further amplifies this effect. With the high-yield opportunities offered by Futures and the robust Tokenomics of the Elephant ecosystem, TRUNK stands out as a unique investment opportunity within the DeFi space. As the community and investors begin to recognize the value proposition of TRUNK, bolstered by its deflationary nature and the backing of a ‘friendly whale,’ the outlook for TRUNK is not just bullish — it’s groundbreaking.
The stage is now set for TRUNK to potentially become one of the most sought-after tokens in the meme coin arena, offering both novelty and tangible value to its holders. The question is to now ask yourself if this is something you want to be a part of, or just stand on the sidelines saying…. what?
Side Note — There is also another product in the elephant.money ecosystem called TRUMPET. You enter it by adding your liquid TRUNK. When you enter you pay a 5% fee, and when you leave you pay another 5% fee. This then creates a barrier for those in TRUMPET to leave — thus creating the perfect Defi mousetrap. Existing holders of TRUNK in TRUMPET are encouraged to hodl and indeed add new funds to get in on the current price appreciation. If you add this type of existing holder incentive to the mix… well, you get the perfect meme storm. At the time of writing this TRUNK is just under $0.05, I wonder WHAT it will be at when people start to add up all the dots.
Thank you,
Q,
Noisy Elephant
_______________________________________________________________
PLEASE FEED THE ELEPHANTS 🙂 If you like this information please consider saving yourself 1.5% on Elephant transactions (8.5% instead of 10%) by adding me as your Partner on Elephant Money (0x4F570AFEA2d03c47A2cE622Bf25CE293cC189Fda)
_______________________________________________________________
Disclaimer: This article serves educational and entertainment purposes only. It does not constitute financial advice, and investing in cryptocurrencies carries inherent risks. Conduct thorough research and seek professional advice before making financial decisions in the volatile cryptocurrency market. The author’s views do not necessarily reflect the official stance of any organization or entity.