Look, the math is pretty straightforward here. We're sitting on roughly 8 million tons of proven reserves while annual consumption hovers around 60k tons. Do the calculation yourself – that's over a century of supply at current burn rates. The supply constraint narrative doesn't hold up when you actually crunch the numbers.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
18 Likes
Reward
18
4
Repost
Share
Comment
0/400
IntrovertMetaverse
· 11-25 18:34
Well, I don't know how they calculate it, but I believe it anyway.
View OriginalReply0
OnchainUndercover
· 11-24 07:49
Over a hundred years of supply? Where does this data come from? Can you talk more about the exploration part?
View OriginalReply0
ThesisInvestor
· 11-24 07:47
Wait, is this number real? I feel like I've been fooled for so many years.
View OriginalReply0
memecoin_therapy
· 11-24 07:34
Wait a minute, how is this ledger calculated? I'm tired of hearing the story about supply constraints over the past two years.
Look, the math is pretty straightforward here. We're sitting on roughly 8 million tons of proven reserves while annual consumption hovers around 60k tons. Do the calculation yourself – that's over a century of supply at current burn rates. The supply constraint narrative doesn't hold up when you actually crunch the numbers.