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Chawapat Peechapat
Chawapat Peechapat
Tokenomist

Insights from Author

Why Tokenomics Matters, Part 2

Tokens reach the market on a schedule you can read in advance, and some supply is created new rather than unlocked. This part teaches how to read that schedule, what issuance adds, why anyone holds a token and what buybacks and burns change, and it ends with six questions to ask any supply page.
 • 8 min read

Why Tokenomics Matters, Part 1

Tokenomics is the set of rules for how many tokens exist, who holds them and when the rest arrive. Those rules decide how large a share your tokens are today and how much that share can shrink later. This part teaches how to read them, starting with how supply is counted.
 • 8 min read
Exclusive 🌟

SOL Supply After Genesis Unlocks: Issuance, Burns and Staking

All of SOL's original allocations are unlocked, but staking still creates new SOL. The vote to slow it passed, and the software has shipped, but the change is not switched on yet.
 • 13 min read

Why Your Project Needs a Market Maker

A token can have interested buyers and still be difficult to trade. A market maker keeps buy and sell orders available, so traders can exchange tokens with less disruption to the price. Before you hire one, understand what you are paying for and how you will check the work.
 • 13 min read

Zcash's Shielded Balances and ETF Holdings Do Not Measure Locked Supply

Shielded balances and ETF holdings show where ZEC sits. A dated pool case study and an SEC-filed in-kind contribution explain why those changes do not establish market purchases or sales.
 • 9 min read

29.79% of PONS Supply Has Been Burned. Future Buybacks Are Not Guaranteed.

PONS has no scheduled vesting releases, but future buybacks are not guaranteed. A closer look at its fee policy, burned supply and how its tokenomics differ from PUMP.
 • 8 min read

Ethena Bought Out Its Large Sellers and Deleted the Investor Unlock Calendar. The Buyback That Follows Arms at $7.5B USDe

On August 27, 2026, the Ethena Foundation published an ecosystem update that does four things at once: it bought the unvested tokens of all but one of the large early investors who had sold since the market peak, it ended ENA's monthly investor unlock schedule with one final release on Oct
 • 14 min read

Monad Offered Its Early Investors $60M to Leave. Almost Nobody Took It

On August 18, 2026, the Monad Foundation said it had finished a programme offering to buy locked MON from certain early investors at a discount, with up to $60 million set aside. Almost everyone approached declined. That has been read across crypto media as a conviction signal, and it migh
 • 23 min read
Research Insight

How to Read the Market Maker Performance Index

There are 49 market maker firms on the leaderboard, which went live on Tokenomist this month. Ask any of them for references and you will get references. Ask for performance data and you will get a deck.
 • 15 min read
Research Insight

Crypto's $19B Buyback and Burn Meta, 2025-2026: 11 Tokens, Only 2 Actually Shrink Supply

A supply-side deep dive on the 2025-2026 buyback and burn trend: what the mechanisms are, who runs them (BNB, ETH, HYPE, PUMP, ASTER, JUP, PENDLE and more), and whether they actually work, tested three ways (net emission, price reaction vs BTC, and valuation). Data from tok, CoinGecko and DefiLlama.
 • 26 min read

Lighter (LIT) Tokenomics: Robinhood Hype, a Real Burn, and the December 2026 Cliff

 • 14 min read

PUMP Tokenomics: The $125M July 2026 Insider Unlock, on Solana's Top Memecoin Launchpad

 • 14 min read
Token Unlocks

Tokenomics Insight: When Token Unlocks Actually Move Price

A 236-event study: token-unlock price drops are real but conditional — concentrated in early-stage, thin-float tokens, and mostly priced in before the unlock.
 • 15 min read

Trump’s WLFI Had Already Lost Half Its Value Then Private Sales and a New Supply Overhang Came to Light.

 • 13 min read