The actual circulating market cap of $CARDS is 44M, not 400M; that is the fully diluted FDV.
The actual circulating supply of the token is 10%, with seed and other investment rounds being released linearly.
There will be a large-scale unlock in Q2 2026, and you can just look at the on-chain secondary tokens, not the huge pump and dump like those meme coins.
Investment institutions include @SOLBigBrain, market maker GSR, GVB Capital, MV Global, and I remember @MoonrockCapital as well.
How can Teacher Dayu say the market cap is currently several hundred million? 🫢

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