Intel Scout

Here are the protocols with price -2% or more over the past 30 days AND revenue +10% or more over the past 30 days AND $200K or more monthly revenue

To make it fun I filtered by the top #3 that meet these criteria but are the most overpriced

1. $ENA on a fully diluted basis has a whopping 178x FDV P/S

but +84% in 30d, powered by sUSDe yield demand and funding rates

2. $VIRTUAL the true cost at full dilution is 117.9× revenue

$486K monthly revenue with an mcap of $435M

3. $APEX the fully-diluted P/S jumps to 55.5× with a 30 day revenue of $209K and a marketcap of $38M

These are price resilient with strong fundamentals in this brutal market, but they do remain overpriced

The best pumps usually start before the chart looks obvious

I deep researched underpriced tokens where fundamentals are currently moving faster than price

One is at 1% of its ATH 🤯

My criteria was extremely strict:

- At least some value passed to holders
- Revenue + fees accelerating
- Relatively low FDV / Revenue
- Price is below 50% of its ATH
- Vol + TVL growing, etc

Only 5 tokens made the cut

1. solana:ChVzxWRmrTeSgwd3Ui3UumcN8KX7VK3WaD4KGeSKpypj is my #1 pick

A +1,363% 30d revenue with recent V2 launch and rebuilding narrative

It sitting at 0.9% of its ATH ($23.38 → $0.21 today)

If the revenue trend holds, the re-pricing gap is enormous

What I do NOT like is that most revenue doesn't flow to token holders

2. ethereum:0x808507121b80c02388fad14726482e061b8da827

Cleanest fundamental picture of the 5

It's the only protocol here with TVL inflows (+14% 30d) $326K revenue in a single week with $10.2M

Annualised holder revenue means token holders are being paid real yield

It's trading at 25% of its $7.50 ATH with growing TVL is a credible asymmetric setup

But whilst its 7D revenue is up 75%, it's worth noting that its 30D rev is down 35%

3. $Spark (MakerDAO)

Get this - $5.28B TVL backing a $71M mcap 👀

One of the most extreme TVL-to-mcap ratios

What I am watching is the 330% 7d revenue spike which looks like a recovery bounce off a deeply depressed 30d

is that bounce structural (new borrow demand) or a one-week blip?

Most DeFi tokens look cheap until you check performance

So I searched for tokens trading under 20x FDV/revenue on both 1Y and annualized numbers.

49 made the cut. 34 pass value back to holders

I filtered down to find one that are undervalued, revenue-generating, and still growing

The 3 that stood out:

1. $ORE: trades at 1.88x 1Y revenue and 1.57x annualized revenue

Not just cheap but the current revenue run-rate is stronger than the trailing year

With ~99% of value flowing through its mining model, it was the cleanest cheap growth setup in the screen

2. $pump: this one is surprising. It trades at only 3.31x 1Y revenue and 3.74x annualized revenue

It is the strongest revenue engine here, doing $464M in trailing revenue

The key is that 50% of net revenue is locked into buybacks and burns

This however is cyclical and relies on Sol meme activity comes back, the token has a very direct value-accrual loop

3. $SKY: trades at 6.61x 1Y revenue and 9.05x annualized revenue

The revenue base is large, but buybacks are currently throttled while Sky builds its solvency reserve

With 42.5% of value flowing to holders, the upside case is buybacks scaling back up once that overhang clears

Trump Media transferred around $200M of bitcoin:native to an exchange (likely dump?)

They are currently sitting on a total of $455 million in unrealized losses 🤯

But it's not as bad as it looks on the surface. Here's what I find fascinating:

They raised ~$2.5 billion in May 2025 from ~50 institutional investors

They sold ~$1.5 billion in common stock and $1 billion in 0% convertible senior secured notes due 2028

The money was raised specifically to buy Bitcoin and build one of the largest corporate Bitcoin treasuries among public companies

As of Q1 2026 (March 31, 2026), 4,261 BTC were pledged as collateral to secure the $1 billion convertible notes

They reported a positive operating cash flow of $17.9 million in Q1 (fourth straight quarter of green)

The surface level read is “they’re dumping.”

But this could be a sale, collateral movement, or them managing the debt they used to fund the BTC buy

South Korea’s 7th-largest funeral firm, Parents’ Love, invested $40M into a 2x leveraged ETF tracking Ethereum DAT company $BMNR

They are down ~$33M 🥲

But here’s what's disturbing:

> They pulled the entire investment straight from customer prepaid funeral deposits instead of its own operating cash

Directly risking money meant for future burials

I wonder where we've seen that 🤔

> They only made about $4.1 million in 2025 revenue. This shows how badly the bet hurt the firm.

> this seems to be common practice. 43% of South Korea's 75 prepaid funeral firms now have assets worth less than the customer prepayments they owe

This raises real doubts about their ability to deliver services

> These firms fall under light Fair Trade Commission rules as simple installment businesses, with no capital requirements, investment limits, or financial regulator checks

> The daily-reset 2x leveraged ETF triggered extra losses through volatility decay on top of the Ethereum stock's decline

> our dudes, the funeral company, call the $33 million loss short-term and manageable within its buffers

But refund requests from worried customers are rising across the sector