3.5K @beingivish 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
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171.3K @Globalflows 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.
171.3K @Globalflows My Update On PURR and The Future Of Hyperliquid https://t.co/titaTmFC9P
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5.2K @robbieklages 
7.9K @EtanBoss . $PURR hasn’t performed the way many expected while HYPE keeps pushing higher.
This clip from David Schamis is a good reminder of why patience matters and to point out that:
- Hyperliquid Strategies has cash - around $150 million.
- They’re up on their $hype position - avg cost around $34.
- Have a light expense burn.
They’re not forced to sell calls, raise bad debt, or make desperate moves just to keep the lights on.
Sometimes the best edge is having enough dry powder to do nothing.
“More times than not, the right thing to be doing is playing squash.”
“Just because you come to work and get dressed up, don’t think you have to do something to add value.”
“If you’re a DAT running out of cash, you’re forced to do unnatural things.”
“We’ve worked hard to have plenty of cash.”
“We don’t have to feel like we do those things. Just doing nothing’s okay.”
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