PONS had a mcap >40x HMM at its first ATH. On its way up, it was a black hole of liquidity. As PONS cooled off a bit, initially the rest of the eco did alongside of it. From there, as capital started to come back it consolidated into stronger names. This is when HMM had its first insane run to catch up to PONS. We're in a similar situation right now. As PONS exploded, it was a black hole of liquidity and a few trendy names grew with it. We've seen a lot of the big names that had hype and no community already die off. I believe we're about to start the second run up for stronger names within the ecosystem. This is where capital rotates away from the speculative "oh this might be the next xyz" into "this is a good meme and survived the last drawdown on Robinhood Chain and deserves higher". thesis is simple: I still fully believe we're early for Robinhood Chain, and it'll end up being larger than anything we last cycle with Base or Solana. And if Solana saw multple dogs hit $5B, I see no reason why Robinhood Chain won't have multiple cats hit even higher. CASHCAT = BONK HMM = WIF (but bigger) I have the same conviction I had at the end of August when people who were sidelined were claiming Robinhood Chain was dead and people who entered late were complaining about how they bought the top. This is where you capitalize on other people's fear, and you believe in the fundamentals. Be more bullish 🤔🐈