Part of a portfolio of high-conviction memecoin trades with historical success.

Author expresses skepticism and confusion as the price decreased despite a reported 30% supply burn worth $400 million.

Cited as a previous successful trade that grew from $200M to a $5B valuation.

Price movement tracked as supporting data.

Categorized as a 'Digital Collectible' by the SEC, providing a surprising level of regulatory cover.

Categorized as a 'Digital Collectible' non-security asset under the new framework.

Specifically categorized as a digital collectible, offering lower regulatory risk for meme traders.

Highlighted as a notable digital collectible in the SEC's interpretive guidance.

Showing positive price movement in a 24-hour rebound.

Noted as a high-conviction asset for those tracking early social media trends.