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.
4.93K
158
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.