$DSD coupons is something to behold with two waves of expirations: epoch 721-749 and 756-767.
Up to epoch 767 there are 78m coupons to expire which represent 53m DSD with a 45% premium.
There are also 4m more coupons after epoch 767.
$ESD looks much worse as there still are only 8.4m coupons to expire negligibly reducing the supply.
However, there is also EIP-16 in the works which will make coupon principals unburnable.
This will make ESD coupons more attractive, theoretically reducing the supply greatly.
Technically, EIP-16 could be implemented in DSD as well but I really doubt that DSD holders will vote it in as it's in their best interest to let the coupons burn decreasing the supply.
I think we will see those DSD coupons expiring because even if the whales will try to pump the price to trigger expansion, DSD holders will meet them at $1 dumping the price back to $0.8.
But it's up to the whales as it's impossible to detect how much dry powder they have left.
UPD: wrong ESD chart, here's the correct one.
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