Even though I’m not a big fan of memecoins, one of the most interesting lowcap liquid bets right now might actually be $NOOT. The Abstract ecosystem as a whole is very overlooked in my opinion, for a number of reasons. But there’s no doubt that once the time is right, @LucaNetz will have no problem kicking off a massive Abstract season, leading up to the highly anticipated $ABS launch, which I believe will easily reach multi-billion levels. Luca has been very clear that if you want to be well positioned, you should be holding Pudgy NFTs, $PENGU, and… Abstract memecoins. If you go back to that interview with Luca Netz, he literally says he’s a big fan of @nootonabstract and its founder @archercrypto11, and that he genuinely believes they’re building the $BONK of the Abstract ecosystem. Now let this sink in: after the entire alt market completely bled out recently, $NOOT is sitting at around a $600k FDV. No matter how I look at it, even under the most conservative assumptions, the $ABS airdrop for $NOOT holders should be many times that value, not to mention how hard I think $NOOT could run during an upcoming Abstract season that starts to price in that airdrop. Sure, at the end of the day it’s still a token with no real fundamentals and only memetic value - it could go to zero. But I still think it’s one of the most obvious, attractive, and asymmetric bets out there right now if you believe $ABS is coming in the next few months, and that it’ll be the kind of banger launch you’d expect from Luca the GOAT.