In a WILD turn of events…
Toly, co founder of Solana, who has adamantly been opposed to memecoins
Appears to be building some level of memecoin infrastructure
Trenchers of course found a 3.5 month old token and sent it from what was more or less 0 to over 5mil mcap

sov = percolator inverted market for the memecoin, so it’s backed by the memecoin + burn the admin key.  The insurance fund will grow indefinitely from fees and will effectively be a soft burn.
https://github.com/aeyakovenko/percolator-cli…

toly 

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