Svmuu News: Arthur Hayes’ family office, Maelstrom, has released a research report on CARDS (Collector Crypt), setting a target price of $4 for the end of summer.
The report indicates that Collector Crypt is achieving rapid growth through its tokenized trading card business. In May, annualized profits were approximately $54 million, and total annualized revenue in June is projected to reach $2.4 billion, corresponding to annualized profits of approximately $109 million.
According to the report, Collector Crypt operates primarily through a digital gacha (card pack opening) model, purchasing physical trading cards in bulk at discounted prices and tokenizing them on-chain. Users can instantly resell the cards obtained from opening packs to the platform at approximately 85% to 93% of the market price, and the platform earns a combined profit margin of about 4.5% from the spread between the purchase discount and the buyback price.
According to GMGN market data, CARDS is currently trading at $0.2674, with a market capitalization of approximately $535 million and a 24-hour gain of 3.56%.