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$sato has reached a new high, with a market cap surpassing 15 million.
The mechanism is actually very simple and pure:
Buy = mint $sato , ETH enters the reserve pool
Sell = burn $sato , exchange back to ETH from the reserve pool
When ETH reserves and token supply reach the 99% threshold:
New buy minting will stop, but selling to burn and exchange for ETH can still continue.
This wave is led by @RuneCrypto_ in rebuilding, not easy.