A deeper look at what’s happening with $CATE right now.
Yes, the correction looks brutal if you only look at the last few candles.
But zoom out.
$CATE just ran roughly 8x from ~$11M to ~$90M in 4 days.
Moves like that don’t happen without violent resets.
People take profits. Late buyers panic. Short-term traders move on.
And that isn’t automatically bearish.
It redistributes the supply.
Look at the previous cycle:
$CATE ran hard, corrected almost 90%, spent more than two weeks rebuilding its base, and then came back with a larger community and eventually made a new high.
Now we’re seeing another major reset, with price back around $40M.
That sounds terrible until you remember where we were less than a week ago.
The “crash” is back to a valuation that would’ve looked extremely bullish just days earlier.
What I want now isn’t another instant vertical candle.
I’d rather see $CATE spend a few days around these levels.
Let sellers exit.
Let new buyers accumulate.
Let supply redistribute.
Let a new base form.
That creates a healthier foundation for another expansion.
And there’s another important part people underestimate:
Normies.
When someone gets onboarded after a massive run, they often immediately sit underwater during the first correction.
But after a proper reset, new people can enter at much better prices.
If price eventually recovers, those new holders are suddenly profitable.
And profitable holders talk.
They tell friends.
They onboard family.
They post their wins.
That’s how the network effect starts compounding again.
The chart corrected.
But the community didn’t reset with it.
$CATE now enters this correction with a holder base and social presence that are dramatically larger than during the previous one.
That’s the real thesis.
DOGE, SHIB, PEPE and basically every historic meme had brutal corrections on the road up.
The difference between a dead meme and a surviving one is whether the community remains when the green candles disappear.
$CATE has already answered that question once.
Cats have 9 lives.
If ~$40M becomes the next accumulation zone, I think this reset could eventually become the foundation for another attempt at ATH and $100M +
Flush. Consolidate. Redistribute. Expand.
That’s the cycle I’m watching.
Lol, is this guy serious or trolling rn?
He literally clipped $140k of $CATE seconds after posting this thesis.
Then he blamed other guys for causing the dump.
Must be mentally disabled?