It's getting its turn now it's getting Its turn we'll talk a little bit about Sheep a lot of you guys are she fans It's climbing up it's climbing us so Much it may be in the top 10 soon what Is happening here well there's a couple Things a lot of enthusiasm over Shibarium which is sheeb's Layer Two so Think about that no longer a meme coin Really when they're coming out their own Lair too to scale dapps within their Ecosystem that's on top of ethereum but Um you have massive amount Massive amount of burning that is Supposed to be coming so three trillion Sheep transferred to some mysterious Wallet after kuzama confirms massive Burn so shibarium is right around the Corner just layer too but to celebrate It there's a massive burn that will Happen the number we don't know okay it Could be It could be hundreds of millions it Could be tens of millions it could be Billions we don't know at this point but There's a lot of people excited about This massive burn that's coming right And with shibarium sheep will be burned Also Okay so as more people use Shibarium the more sheep will be burned So a lot of people very excited about That as well not only that you have Whales that's withdrawing sheep from
Exchanges like binance here's 60 million Withdrawn for no apparent reason but Usually data like this is is bullish Because that means it's not gonna be Traded right usually when you withdraw From exchange it's going to say a cold Wallet or something so that means There's less and less that's circulating To be traded so that's also pretty Positive and then lastly you have the Secondary token from sheep called bone That is starting to get exchange Listings Okay so she actually has three different Uh tokens you have she bone and Leash And the teams is trying to make it so That there's more use case for bone and And leash while she being the main token Right but now you're starting to see Traction on the other ones too so Overall this is what's going on a lot of Enthusiasm over shibarium which is Coming out soon the enthusiasm over Massive Burning uh with shibarium and Pre-shabarium and you have exchange Listings This is why it's going up and plus she Was been has been pretty stagnant well To other l1s and l2s have been going up So it's just It's getting its turn now it's getting Its turn and then speaking of burning Right look at eats burning East burning Is increasing now at negative 9 000 eth
That's a lot since the merge 142 days Ago till now there has been basically Zero new eth hitting the market and now We're having decreased eth because of The burning so now we have about minus Nine thousand each and there is no more News hitting the market This is what burn this is what burning Can do right Um Versus had ethereum not moved to proof Of stake Um we would have 1.7 more million each In the market circulating we're talking About difference between 1.7 million Each and minus 9 000 eth that's a huge Huge difference you do the math right Also I want to look at this real quick Overall tvl this is all the value locked In all the major chains this is for all The D5 and liquidity providers and yield Providers and all that stuff right uh Ethereum is still leading away around 60 Percent which is why they're the biggest Then you have some others I'm going to Ignore Tron altogether because I don't Trust them at all and it makes no sense That they're this High uh with only 15 Protocols so I don't even consider them Being number two I'm just gonna go Straight down to BSC which is at number Two which has 5 billion in liquidity Then you have Arboretum polygon Avalanche optimism Phantom Chronos right
These you guys have heard of before some Of the major L ones l2s a lot of the l2s Are getting a lot of a lot of liquidity Like optimism which has been doing Really well recently Phantom also doing Really well recently arbitrum if they Had a token they would be doing really Well recently right and then you also Have some others they're non-evm for Example people people didn't know Kronos Ansel uh and osmosis and kava these guys Are actually within Cosmos ecosystem so If you actually sorted by Cosmos Cosmos Actually has quite a bit too they're Just not labeled under Cosmos right so Cosmos also recently has been doing Pretty well so I don't think it's a Coincidence that a lot of these L1 Started going up or l1's L2 start going Up Out of the blue it's because you still Have massive model D5 projects and People utilizing them and they're Increasing the liquidity in them which In that sense gets people more excited And that's why they go up so it's not a Coincidence right it'll be interesting If shibaran comes out and then they'll Be listed in here but shibarium is evm Compatible so it's probably under the Ethernet ecosystem but if it was broken Out You know I'll be interested to see Whether or not they they grow by by
Leaps and Bounds what what is this what Is this tweet about okay uh The CTO of Ripple David Schwartz said I'm taking xrp private at 420 funding Secured so does this really mean that Xrp is go go from 41 cents to 420 Which will give it a multi-trillion Market cap in the mid game The answer is no No this is a joke in response to elon's Previous tweet in 2018 saying he was Going to take Tesla private at 4 20. Funding secured and Elon was sued by the SEC he was sued and he was found not Guilty so again this is good because it Is proving that the SEC can't just do Whatever they want okay Um and just declare everything is Illegal everything is security they just Do everything so good thing Elon won This case Basically this does the Precedence that You can tweet doesn't mean you could Send out bad tweets but doesn't mean That you are declaring I don't know some kind of fraud or Mental manipulation or or some kind of Pump and dump sometimes people just Tweet okay so if Elon is found not Guilty of tweeting this well then Others Feel safe that they could Tweet stuff Like this
Uh so In case you were wondering yes this is a Joke this is not for real Um xrp army I saw was cheering the live Chance like I told you guys I told you Guys no xrp is not going private Uh and it doesn't even make sense Ripple Itself is a centralized company but xrp Ledger xrp tokens right Decentralized well supposed to be uh so It doesn't even make much sense to take It private
