check abd plz give me feedback 👀😉

@Bedrock
been watching the BR/USDT pool on PancakeSwap for two weeks.
one number kept pulling me back.
94% of all Binance Alpha token volume.
$13.2B in five days. 341,000 traders.
my first reaction was impressive.
my second reaction was the one that stayed.
i pulled the Dune Analytics breakdown.
the headline number doesn’t show what’s underneath.
top 50 wallets averaged $4.45M each.
that’s not distribution.
that’s concentration wearing the costume of participation.
the market looks at 341,000 traders and reads organic demand.
what i’m actually reading is incentive-driven volume where a small cluster is doing the heavy lifting while the retail tail adds noise.
Anchor Protocol showed $19B in real demand too.
until the rate dropped.
within 72 hours, $16B left.
the number was real.
the holders weren’t.
i’ll be honest — i don’t know if BR holds differently.
there’s a version where bedrock’s restaking fundamentals keep serious capital in place after the rebate ends.
uniBTC and brBTC have real yield mechanics underneath.
that part isn’t theater.
but i’ve watched enough Alpha campaigns to know that 50% fee rebates and double points don’t just attract traders.
they attract rebate farmers who leave the moment the math changes.
those two groups look identical on a volume chart.
they behave completely differently the week after.
this isn’t about whether BR generated volume.
it’s about whether any of that $13.2B still wanted BR when the incentive wasn’t there.
have you ever pulled a token’s volume chart the week after a major campaign ended and compared it to the week before?

#Bedrock $BR
#BTCFi @Bedrock