$CTO making a comeback.

Jinqian ended up rugging due to the token not being properly paired with the underlying stock. We got to see how much demand there was for the penny stocks narrative with high mindshare, topped out around 60 mil with 100 mil in volume. Betting on a Chinese company also felt increasingly risky.

Lyle, the CEO of Vida (underlying stock) has come out and publicly support + accumulated 0.5% of the coin so far. He’s also said that he’s pro crypto and been around the block. Meaning he’s the first CEO to endorse and effectively bullpost a meme/stock pair while being one of the first tokens to launch with this narrative.

Sol team is engaging with the CEO. Plenty of chances for virality. Most important thing to watch is how the stock price is correlating to the memecoin pairing. All we need is one of these coins to properly align a system to set the standard.

Issue is liquidity still being horrible so entries are wicking the chart hard. Hopefully MM’s start arbing more efficiently and we get tighter ranges.

Still holding my full bag and willing to gamble on the possibility of this being the first penny stock runner. Not super high conviction but one of those narratives worth trying with small size to test a new thesis and see where potential downfalls will come from future narratives.