@sextoys
The Bull Case for $CARDS
> Since launching gacha in late Aug 2025, the protocol has been generating $13–16M in weekly gross volume, $210M+ year-to-date which translates into $19–28M in annualized free cash flow, driven primarily by spreads on card buybacks.
> This piece argues Collector’s Crypt already functions as a cash-generating business rather than a speculative network.
> The protocol also holds an ~$8.1M treasury, mainly liquid Pokémon cards that directly generate revenue and support the balance sheet.👇
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