Article
$SONG is at 0.04433 ADA and climbs to 6th, and DreamBigSwap breaks three declines
Cardano Daily
Around 14:11 Central European summer time, SongMarketCap holds $SONG at 0.0443277 ADA, $0.00923. DexHunter gives 0.0443282 ADA. The working price is 0.04433 ADA, up 0.12 percent on the day, up 1.62 percent in seven days, and up 42.2 percent in thirty. Market value is 43,034,577 ADA, $8.96 million. That is 6th place. Yesterday it was 7th. It leads STRIKE (41,868,646 ADA) by 1,165,931 ADA. IAG fell to 8th, at 41,625,642 ADA. Volume in 24 hours is 66,454 ADA across 45 transactions. Yesterday it was 37,500 ADA across 42 transactions. Liquidity is 1.56 million ADA.
Friday 23 October on DreamBigSwap
On 23 October DreamBigSwap earned 895.91 ADA, bought 9,846 SONG, and put 441.32 ADA into liquidity. The reserve finished at 222,179.42 ADA. The day before: 442.82 ADA earned, 4,975 SONG, 219.63 ADA into liquidity, reserve 221,860.79. 21 October: 736.52 / 8,226 / 363.81 / 220,326.17. 20 October: 861.32 / 9,653 / 424.65 / 220,053.22. 19 October: 1,089.74 / 12,101 / 536.53 / 219,869.57. Daily income rises 102.3 percent and breaks three straight declines.
The sum from 17 to 23 October is 6,053.22 ADA, against 6,494.20 the week before, down 6.8 percent. The liquidity rule: half the ADA buys $SONG, and the bought tokens plus the rest of the ADA go into the pool. Since 11 July, 100 percent of swap fees go to buyback and liquidity each day. On 23 October, 49.3 percent of the ADA went to the pool. @songoncardano claims DreamBigSwap did more than 1 million ADA of volume in 30 days (24 October 00:56, L47/RT17/V1,024). That is not independently verified.
Unused reserves
The sidebar at 14:12: BUYBACK+BURN 128,539 ADA (23 October 128,394, plus 145). SONGITO 30 percent 51,049 ADA, unchanged. SNEKFUN 100 percent 42,591 ADA, unchanged. Total unused 222,179 ADA (23 October 222,034, plus 145). The treasury API gives 222,179.42 ADA and today matches DreamBigSwap's reserveTotal. Swaps stand at 14,549, 43 more than yesterday. Holder count and the top 100 are unavailable: the API timed out.
@songoncardano on 23 October at 20:01 writes that the Halloween Horror NFT is "over 50% sold out" (L54/V895), and at 13:54 that 18,378.88 ADA was collected in 23 days (L81/V1,036). @JureKaramarko at 00:58 writes "We've created a monster" next to $SONG (L39/V642), and on 23 October at 21:13 shares SongMarketCap's copper article (L59/V949). SongMarketCap has published no $SONG articles in the last 10 days. The site published three pieces on 24 October and seven on 23 October.
Sources: SongMarketCap prices, DexHunter, $SONG, DreamBigSwap, treasury, swaps, SongMarketCap, @songoncardano, volume, @songoncardano, NFT, @songoncardano, 23 days, @JureKaramarko, @JureKaramarko, copper.