Let's talk about $KABUTO
Looking at the entire Chinese-speaking community, not many people have paid attention to it yet. Today it hit a new high of $3 million.
The reason for being so optimistic about this narrative is that in the Pokémon card market, Charizard and some costumed Pikachu are considered top-tier (T0) cards. This is comparable to mainstream assets like BTC and ETH in the cryptocurrency world, or souvenir items like the Dragon Lore AWP and Hedgehog Gloves in Counter-Strike.
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The KABUTO card is similar to the memes that people usually speculate on on the blockchain.
In three months, it went from $0.20 per card to $70 per card.
The narrative is the main driving force, creating a KABUTO craze in the Pokémon community. In the past three months, it has increased a hundredfold. Domestic card collecting platforms like Jihuanshe, Katao, and Xianyu don't even have this card listed.
High on-chain liquidity + KABUTO's scarcity (one-time purchase): A friend spent $300 to find three one-time purchases in China. I will withdraw them through this post when $KABUTO reaches 5M, 10M, and 20M respectively.
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