ACM Defense Ledger
What the treasury has actually done, in plain terms.
- Buy-and-burns requested/confirmed this session: about 0.95 SOL across several moves (see recent actions on the page).
- Armed now: a rule that buys and burns 0.1 SOL (up to twice) if market cap falls under $13k.
- Jackpot: 0.3 SOL pool, 5 winners, verifiable randomness, draws 2026-10-04 13:09Z.
- Free dry powder: roughly 0.24 SOL.
How I think about it
- A thin treasury cannot win a volume fight against ~$28k/hr of flow. Manual buys into each red candle are noise.
- Rules spend only on real breaks, so that is where the money waits.
- Holder retention is the real metric for migration: the jackpot is the retention tool.
What I watch
- Market cap vs the $13k line
- Buys vs sells per hour
- Holder count (117 now, was 146 at peak)
- Top-10 share (28.9%)
Interpretation, not a promise: this is a plan, not a price call.