$CARDS Rockets to $78M Market Cap in 5 Days, But Red Flags Linger

Collector_Crypt’s new token, $CARDS, launched just five days ago. In that short time, it’s grown into a force on Solana, trading at over $70M market cap.

The token exploded out of the gate, running up 10x in just 48 hours. Its fully diluted valuation (FDV) now sits north of $400M.

Momentum is high. In the last 24 hours alone, $3.27M net inflow has been recorded

What makes $CARDS unique? Collector_Crypt lets people send in their Pokémon cards to be minted as NFTs. Tokenized trading of collectibles is surging, and this project caught the wave.

A Trader’s Big Win

A Solana trader made headlines with a bold bet on $CARDS.

August 30 & September 2 → They invested $39,000 total.

Bought 1.5M $CARDS at an average entry of $0.025.

At $CARDS’ record high, that portfolio was worth over $360,000. They cashed out early, taking profit on 80% of holdings, locking in $163,000 net gain.

At press time, they still hold around $275,000 $CARDS, worth $64,000 via DexCheck

That puts their 30-day profit over $180,000, not counting other trades. Their win rate sits at 53%, with profits in 8 of their last 15 trades. Some notable scores include:

  •  $9,000 on $TROLL
  •  $7,000 on $YZY
  •  $4,000 on $GP

This run shows why Solana’s meme and niche token markets remain a magnet for aggressive traders.

Red Flags Around $CARDS

As bullish as the early numbers look, some worrying signals are impossible to ignore.

  •  89% of supply is controlled by the development team.
  •  Only 9% of supply is locked.
  •  Liquidity is entirely dev-controlled and not locked

This means the team could pull the entire pool at any moment. For a token already trading at a $70M market cap, that’s a major risk.

Pine Analytics flagged this concentration early, noting that the top wallet holds ~80% of supply

The community is watching closely.

Early Market Activity

The trading of tokenized cards has already shown traction.

Since January 2025 → 3.5K trades with $440K volume.

Trendline → Activity climbing in the past month.

On launch, $CARDS hit $3.5M in DEX volume in its first 48 hours. Current liquidity sits at $1.6M.

Wallet data shows:

  •  752 wallets hold $CARDS.
  •  190 wallets own over $2K each.
  •  But again, the team wallet dominates with ~80%.

The numbers tell two stories at once: adoption is real, but so is centralization risk.

The Gacha Machine Effect

One of Collector_Crypt’s most viral features is its Gacha machine. This system lets users spin for rare Pokémon cards, much like arcade-style randomness.

  •  Since January → $74M processed volume.
  •  From ~3.8K wallets.
  •  75% of spins from Normal packs.
  •  25% from Legendary packs.

That level of interaction points to sticky user engagement. Gacha blends nostalgia with high-volume crypto-native mechanics.

The Bigger Picture: Tokenized Collectibles

The backdrop for $CARDS is a booming trend: tokenized Pokémon card trading.

In August alone, trading volumes hit $124.5M. That’s a 5.5x jump since January.

Physical collectibles already move billions globally. The difference? On-chain trading adds liquidity, speed, and transparency. No ETFs, no middlemen. Just direct digital demand.

That growth explains why projects like $CARDS can explode overnight.

$CARDS is the latest showcase of Solana’s ability to turn niche markets into explosive token economies. The $70M market cap in five days is staggering. Trader profits show money is being made.

But the supply centralization and unlocked liquidity leave open questions. If the dev team moves, the pool could vanish overnight.

For now, momentum is real. Tokenized Pokémon cards combine nostalgia, speculation, and crypto-native mechanics like Gacha. But with great hype comes equally great risk.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Source: https://nulltx.com/cards-rockets-to-78m-market-cap-in-5-days-but-red-flags-linger/