There’s a coin I’ve been avoiding mentioning on Twitter because the ones I don’t tweet about tend to rise! Four days ago, I discussed $REGEN with group members in the chat and suggested they accumulate some zero-value positions when the market cap was around 200K. Now, it has already doubled. The core narrative of this coin is tied to Vitalik's tweet about reviving Ethereum. #ETH continuing to break through is a positive for this coin, and there’s also an unrealistic expectation of Vitalik mentioning it again. The narrative alone doesn’t attract me much; the main reason is the optimistic market situation. When the market cap was 200K, there were already over 900 wallet addresses holding the coin. After doubling today, the number of addresses has grown to over 1,000. In terms of token distribution, the DEV cleared their holdings as soon as trading started. Even in the low market cap range, the token distribution showed high decentralization, with many players who entered at a few tens of thousands in market cap already completing token rotations. At this stage, the characteristics of the main players are not obvious, so there hasn’t been a strong breakout-driven rally. The most important point is that this project doesn’t have an official Twitter account, meaning there are no promotional channels, giving it a somewhat scattered feel. A few days ago, I also mentioned to group members that this type of coin depends on whether speculative capital enters and establishes a foothold. It’s just missing a leader to rally community consensus. Moreover, in this market cap range, it doesn’t take a significant player to drive momentum. With ETH continuously gaining traction, #REGEN reaching a million-level consensus still has a good chance. The above analysis is for reference only and does not constitute any investment advice.