SpartaCats (PURR)

Interesting thesis by @mo_xbt 👇

🐶 Dog coins: ~$15.7B
🐱 Cat coins: ~$392M

That means cat coins are only ~2.5% the size of the dog coin sector.

The interesting part isn’t that cats flip dogs.

It’s that one of the internet’s biggest meme cultures is still priced like a rounding error.

Watching:
$PURR • $TOSHI • $POPCAT • $MOG • $KITTY

Full thesis: https://t.co/YcATf2CxXP

In this video, @dschamis, laid out that they have $150m in cash on their balance sheet right now which is the perfect place to be in when the stock is trading at a significant discount to NAV of the HYPE holdings. Remember, $PURR is basically the only DAT who buys back their stock.

This optionality is what makes the opportunity significant right now to reanchor back to outperformance.

I remain a holder.