The mid-June burn reduces supply on a verified on-chain event.
Burns are about trust + supply. The mid-June treasury burn is announced 24h in advance with a Solscan tx — there is no rug-vector and the supply curve mechanically tightens. Holders sitting through the event get the structural effect; chasers pay the post-burn premium.
Hold $APL at the June snapshot → mint the Ape Pass. The Pass is a transferable proof-of-hold + Discord role gate. Magic Eden / Tensor secondary market opens post-mint. Sizing matters — Pass mint thresholds published before snapshot.