Great fundamentals… ran to $600M like nothing.. Basically $PIPPIN walked so $SIREN can run. 48% → Hedgey (locked) 27% → dead wallet 23% → single cluster You’re trading a $7M float, not a $600M asset. OI / real float = 60M / 7M ≈ 8.5x Leveraged up to the tits.

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