$PLENK

815,000 wallets hold Keyboard Cat. The entire market cap is $4.3 million. Do that math and it breaks your brain: about five dollars of token per holder, and the holder count went UP 61% this year while the price fell 88%. That is either the saddest chart on Base or the most quietly distributed meme in crypto. I lean toward the second, and here's the case. THE MEME - Keyboard Cat is foundational internet culture. 2007, "play him off," one of the original viral videos before viral was a word. - keyboard-cat-base:native officially licensed the IP. This isn't a knockoff riding a name, it's the canonical onchain version of a meme older than most coins in the top 100. - The thesis I keep repeating: memecoins that survive cycles are the ones tied to images the whole internet already knows. Doge. Pepe. Troll. Keyboard Cat belongs in that sentence even if the chart forgot. THE BASE ANGLE - KEYCAT is one of the OG Base memes, launched April 2024 alongside Brett, Toshi, and Degen - Last June, when Base meme season ran, KEYCAT was the standout, up almost 320% while the rest did 150 to 250 - Base is Coinbase's chain. When retail attention rotates back to an L2, it rotates to the chain with the largest onramp in America, and the OG names are where it lands first THE STRUCTURE - $4.3 million cap, fully circulating, no team unlock left to dump on you - 815K holders is genuine community infrastructure, not a few whales in costume. Top 10 wallets hold 45%, the rest is spread across nearly a million addresses. - RSI is neutral and the MACD just ticked its first bullish cross in weeks. Nothing confirmed, but the bleeding has slowed at the lows. THE HONEST PART - This is a $4.3 million micro cap down 92% from its high. That is the market saying "dead," and it might be right. - Base meme season ended a year ago and hasn't returned. This trade needs that narrative to come back, and narratives keep their own schedule. - Liquidity is thin and it round-tripped completely. Anyone who bought the top is deep underwater, and that supply sits overhead. - Size this like the lottery ticket it is. Money you can forget, not money you need. But I keep a list of OG meme icons trading like the internet forgot them. Keyboard Cat is on it at a four million dollar cap with three quarters of a million holders still standing. When the music plays again, somebody gets played off. NFA. DYOR. vylos.io