$KPOP / EWY
The $KPOP Squeeze
$KPOP is paired with $EWY, a tokenized share of the Korean stock ETF. Only — of those exist onchain, — of them are already locked in this pool, and none can be made until Tuesday. Every KPOP buy locks another one, forcing The $KPOP Squeeze.
Only — EWY exist
Here is the part nobody explains. EWY is not printed by a computer. Somebody has to buy a real share of a Korean index fund and lock it away to make one. There are — of them right now, and until the desk reopens that is every one there will ever be.
Every KPOP buy locks one away
You want to buy KPOP. You cannot pay in dollars, you pay in EWY. So before you own any KPOP at all you are a shareholder in the Korean stock market, and that share does not come back out. It stays in the pool.
What each level costs
—| Market cap | Net buying | EWY it eats | Float gone | Desk drained |
|---|---|---|---|---|
| Loading… | ||||
Nobody can make more until Tuesday
Now the fun part. The desk that makes EWY went home — and Monday is a holiday, so nobody can make another one. Until Tuesday the deck is what it is, and every buy takes another card off it.
Until the desk can return
—What the buyers are saying
On FOMO a buyer can post a thesis with their position attached, so you can see who is talking their book and how much book they have. Most of it is noise. These are not.
가즈아
