CARDS Token Soars to $78M in Five Days, Raises Red Flags
CARDS token, launched by Collector_Crypt on Solana, rocketed to a $78 million market cap within five days, surging 10× in 48 hours and attracting a $3.27 million net inflow in the past 24 hours. A Solana trader turned a $39 000 investment into a $180 000 profit in under a month. CARDS lets users mint Pokémon cards as NFTs and features a popular Gacha system, processing $74 million in spins since January. However, 89% of the supply is held by the development team, only 9% is locked, and liquidity remains fully dev-controlled. Early metrics show 752 wallets holding CARDS and $3.5 million DEX volume in the first 48 hours. The tokenized collectibles sector saw $124.5 million in trading volume in August. While momentum is strong, the centralization and unlocked liquidity pose significant risks for traders.
Neutral
The CARDS token’s rapid ascent and strong trading metrics create short-term bullish momentum, as traders chase high returns in tokenized collectibles. However, extreme supply centralization—89% held by the dev team—and unlocked liquidity heighten the risk of a sudden dump. Similar token launches have yielded explosive gains followed by sharp declines once major holders exit. Therefore, despite initial enthusiasm, the mixed signals on decentralization and liquidity security suggest a neutral impact on broader market stability, with potential for high volatility rather than sustained upward movement.