Maelstrom Sets CARDS Price Target at $4 by End of Summer

On June 24, Arthur Hayes' family office Maelstrom released an in-depth report on the Solana-based card trading platform Collector Crypt, setting a price target of $4 for the CARDS token by the end of summer. According to GMGN data, CARDS is currently priced at $0.271, with a market capitalization of approximately $542 million, and a 24-hour increase of 5.82%. The report highlights that Collector Crypt generated an annualized profit of about $53 million in May and reached $109 million in June, surpassing the profit scale of most leading cryptocurrency companies. The platform purchases physical cards in bulk at discounted prices and sells them through vending machines, earning approximately a 4.5% profit margin when users resell immediately after unpacking. Weekly trading volume peaked at $650,000. In contrast to eBay's high fees of 16%-20%, Collector Crypt charges only 2%, reshaping the card trading market with instant settlement and on-chain liquidity. The platform has around 800 daily active users, accumulated $23 million in inventory and $10 million in cash, and has initiated a buyback while expanding into new categories such as sports cards. The report concludes that despite the decline of the NFT craze in the crypto space, tokenization technology is becoming a key infrastructure for the card speculation market.