Started accumulating $MNDE today. Been researching tokens I believe are: a) undervalued b) early enough to front-run a major narrative. @MarinadeFinance is a top 6 Solana protocol by TVL ($2B+), no VC dilution, $10M+ in annualized revenue, and just approved a proposal to allocate 50% of revenue to buybacks starting in September. It also has strong institutional backing - named the exclusive staking provider for Canary Capital’s SOL ETF. Valuation still lags behind other notable SOL tokens, and $MNDE is barely mentioned on CT - likely an awareness and liquidity issue (only listed on DEX, Coinbase, and KuCoin; no perps or other T1s yet). Reminds me of $GP - slept on for 2+ years with limited exchanges and volume, until @bonk_fun kicked off buybacks and a liquidity wave. Now $MNDE has multiple tailwinds: • Buybacks from real + growing revenue • ETF narrative exposure • Potential T1 listings and perps • Thin liquidity + limited access = easier price expansion when demand returns Technically, it’s sitting at the range low after a retrace from last month’s high ($0.16), which correlated with SOL ETF speculation. R/R looks good here.
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