$TAIL treasury buybacks

25% of every performance fee Whale Tail actually collects is spent buying $TAIL on the open market, once a day, straight from the treasury wallet. Nothing here is projected — every row below is a real swap, with its own signature.

The other 75% stays as SOL. A day with too little fee income to be worth a swap's own network cost carries forward rather than firing anyway — see a gap in the dates below and that's why, not a missed day.