In the fast-paced world of cryptocurrency, spotting undervalued tokens can feel like finding a needle in a haystack. But every now and then, a post on X (formerly Twitter) cuts through the noise and highlights a potential opportunity. That's exactly what happened when crypto investor ML (@c0xswain) shared his thoughts on $CARDS, the token behind Collector Crypt.

What Makes $CARDS Stand Out?

ML doesn't often dip into low-cap tokens these days, but he couldn't resist calling out $CARDS as a "steal" at a $4 million market cap (MCAP) and $40 million fully diluted valuation (FDV). For those new to crypto lingo, MCAP is the current value of all circulating tokens, while FDV estimates the total value if all tokens were released.

The real kicker? Collector Crypt, the project powering $CARDS, is reportedly pulling in about $38 million in annualized revenues. That's impressive for any blockchain project, especially one focused on real-world assets (RWAs)—physical items tokenized on the blockchain for easier trading and ownership.

Collector Crypt specializes in tokenizing Pokémon cards, turning collectibles into digital assets on the Solana blockchain. Users can "pull" random tokenized cards for 50 USDC each, with prizes ranging from $30 to over $2,000. It's like a digital vending machine for Pokémon enthusiasts, backed by secure vaulting to eliminate fraud and high fees. Check out their platform at collectorcrypt.com for more details.

Comparing to the Competition: Courtyard's Big Raise

To put things in perspective, ML compares Collector Crypt to Courtyard, a similar platform for tokenizing collectibles. Courtyard recently raised a whopping $30 million in Series A funding back in July 2025, led by Forerunner Ventures. This investment highlights the growing interest in blockchain-enabled collectibles.

According to ML, Collector Crypt handles around 65% of Courtyard's trading volumes—meaning it's punching above its weight despite a smaller valuation. If Courtyard is valued highly enough to attract $30 million from top VCs, why is $CARDS sitting at such a modest MCAP? It's questions like this that spark FOMO (fear of missing out) in the crypto community.

For more on Courtyard's funding, you can read the announcement on Fortune.

Token Claims and Market Bottom Signals

Adding to the bullish case, over 80% of the sale tokens for $CARDS have already been claimed. In crypto terms, this suggests strong holder interest and could indicate that the price bottom is in or very close. High claim rates often mean less selling pressure from unclaimed allocations, stabilizing the token's value.

ML wraps up with a classic "NFA" (not financial advice), reminding everyone to do their own research. He even points to a Dune dashboard for transparent stats verification.

Digging Deeper with Data: The Dune Dashboard

Want to verify those revenue and volume claims? Head over to the Dune dashboard created by @zkayAPE. This tool provides an overview of Pokémon TCG (Trading Card Game) RWAs on Solana, including Collector Crypt's performance alongside competitors like Phygitals and Emporium.

Dashboards like this are gold in crypto—they use on-chain data to show real activity, helping investors cut through hype and see the numbers for themselves.

Why This Matters for Meme Token Enthusiasts

While $CARDS isn't your typical viral meme coin, it blends meme culture (Pokémon nostalgia, anyone?) with real utility in the RWA space. Solana's low fees and fast transactions make it perfect for this kind of project, attracting both collectors and traders.

If you're into blockchain collectibles or looking for tokens with actual revenue backing, $CARDS could be worth watching. The crypto market is volatile, but opportunities like this—highlighted by savvy investors—often lead to interesting discussions and potential gains.

Remember, always DYOR (do your own research) before investing. What's your take on $CARDS? Share in the comments below!