About MemeX, I was proven wrong. From the day it launched, I said that $M below 0.2 is a golden opportunity, but unexpectedly, it jumped from 0.09 to 0.2 in one go yesterday. The prediction of 0.2 was merely based on the past behavior of the MemeCore main project. However, I realized I overlooked the future of the Memex platform. If we benchmark against Pump and Bonk, with competitors at 4B and 2B market caps, and $M only at 200M, it seems there’s at least five times the potential! Today, I want to share my understanding of the valuation of $M. By the way, I am currently ranked first on the MemeX 7-day leaderboard, thanks to the support of all my brothers! My content is all hand-crafted without AI, so I feel I deserve this position 🫡 Core reasons: 1⃣️ The parent project is too strong, making it easy to overlook the growth potential of the sub-project. The parent project @MemeCore_ORG is a public chain focused on memes. MemeCore is not an ordinary meme coin project; it is infrastructure tailored for meme culture, similar to ETH or Solana, but optimized specifically for the meme ecosystem. Currently, the standout in its ecosystem is the sub-project @MemeX_MRC20. Its role now is somewhat akin to that of Solana. In the past two years, what truly activated the Solana market structure was the meme market that started from Bone, with Pump launching internal trading to capture this wave of traffic, attracting more external funds. Now, MemeX is replicating and even expanding this value on MemeCore. 2⃣️ Market cap benchmarking against Pump and Bonk. Recently, there has been a lot of buzz about Pump about to launch its token, with a valuation of 4B. This valuation isn’t high, considering Pump’s revenue data this year looks like a money printing machine. Just in January 2025, it made 137 million dollars in one month, with a peak daily revenue of 7.07 million dollars. The total earnings for the first half of the year have already approached 700 million dollars. Pump can be seen as a casino, with no risk and crazy profits. There’s another fundraising wave expected to reach 600 million, plus it has been continuously selling SOL to hoard cash, making Pump currently the king of cash in crypto. Also, the recently popular LetsBonk has a market cap of 2 billion dollars. Meanwhile, $M currently has a market cap of only 260 million dollars, just a fraction of Bonk. Okay, now we see the market cap gap, but that still doesn’t prove that M is cheap, as each platform's growth situation is different. However, if you’ve been trading on the MemeX platform recently, you’ll notice that there have been many golden dogs in the past few days, with early internal market caps being very low, such as $mxt, $bubu, $bunana, etc. Many group friends have made dozens to hundreds of times their investment, and the platform's wealth effect will further increase liquidity. MemeX is following a path almost identical to Pump—only that Pump heated up Solana through trading and token issuance, while MemeX ignites MemeCore through a combination of "social + token issuance + content." 3⃣️ MemeX's POS (proof of shit). This mechanism is currently only introduced, but it’s clear that it’s a reward-based social mechanism. There’s also the already launched Airdrop page, which allows for reasonable speculation that a complete behavior points system around POS + airdrop mechanism is taking shape for the future. 4⃣️ The contract holdings of $M have surged, and short positions have increased. The holding volume has reached 54 million, with a large holder long-short ratio of 34%: 65%, with retail investors overwhelmingly shorting. Next, the MemeX platform will release more golden dogs, attracting off-market withdrawals to participate or lock up assets on the platform to earn the upcoming airdrop. When most tokens are restricted in liquidity, those who frequently trade contracts know what this means: the market makers will push up the spot price, and contracts may experience extreme -2%. At this stage, retail short sellers may be forced to liquidate due to insufficient margin or unable to bear high fees, allowing market makers to take over the chips, quickly reversing the price and forming a rapid bullish counterattack. In summary, do you still think the price of $M below 0.2 is high?