Launched today at a $20K market cap, eta.fun is a custom Solana launchpad that has already burned 8.4% of its token supply on-chain through its built-in value capture mechanisms.
Already burned 47.4M $ETA (4.74% of supply) in its first hours from creator rewards, with on-chain supply now down to 915.9M.
card:verdict {"call":"Launched today at a $20K market cap, eta.fun is a custom Solana launchpad that has already burned 8.4% of its token supply on-chain through its built-in value capture mechanisms.","stance":"constructive","class":"Before the move · Undiscovered · catalyst ahead","why":"The platform runs on its own custom Solana program rather than being a simple wrapper."}
card:stats [{"label":"Market cap","value":"$20K"},{"label":"Liquidity","value":"$11K"},{"label":"24h volume","value":"$35K"},{"label":"Age","value":"1d","note":"Solana"}]
Why it's on the radar The platform runs on its own custom Solana program rather than being a simple wrapper. Already burned 47.4M $ETA (4.74% of supply) in its first hours from creator rewards, with on-chain supply now down to 915.9M. Locked 30M $ETA (3% of supply) until 2029 via Streamflow.
card:risks [{"text":"The platform is brand new with only 48 followers on X, meaning early adoption and volume are highly uncertain.","level":"medium"}]
card:watch [{"signal":"Levels","trigger":"Base at $20K; thesis holds if platform volume drives further burns and supply reduction","means":"constructive"},{"signal":"Ignition","trigger":"First-hour volume above $50K, or holders up 10% in an hour"},{"signal":"Wrong if","trigger":"Failure of the platform to attract any launches or volume, or supply stops decreasing","means":"broken"}]
card:sources [{"name":"X · @etadotfun","note":"The platform runs on its own custom Solana program rather than being a simple wrapper.","url":"https://x.com/etadotfun/status/2108269912812929238"},{"name":"X · @etadotfun","note":"Already burned 47.4M $ETA (4.74% of supply) in its first hours from creator rewards, with ","url":"https://x.com/etadotfun/status/2108276066813108481"},{"name":"X · @etadotfun","note":"Locked 30M $ETA (3% of supply) until 2029 via Streamflow.","url":"https://x.com/etadotfun/status/2108268612373164337"},{"name":"X · @etadotfun","note":"The platform is brand new with only 48 followers on X, meaning early adoption and volume a","url":"https://x.com/etadotfun"}]