SHAYDE ($SHAYDE) Thesis

SHAYDE seems to be building an all-in-one DeFi + gaming platform on Solana with poker as the flagship product (dexscreener description states "Pick your card. NOW.").

The teaser video revealed a platform with five core products: Launchpad, Perps, Terminal, DeFi, and Poker. https://x.com/shaydeio/status/2084843309823050152 @ 0:30 seconds

Current Market Cap: $540K
Effective Float: ~$270K (50% locked for 10 years?)
Status: 2 posts until announcement: https://x.com/shaydeio/status/2084958746959310930

As written by @rafi_0x on TG, SHAYDE launched, had an initial pump and then was pretty much dead at 7k before Solana posted this on 2 Aug - https://x.com/solana/status/2083813634803961919 . It's similar to the logo of SHAYDE https://x.com/shaydeio which launched days before this Solana post.

$540K market cap for a potential all-in-one platform with active development and 50% locked supply is extremely early. The float is so thin that real demand could push this well beyond initial targets. However, this is still a huge risk due to unknowns. DYOR and find your entry.