Arthur Hayes Family Office: CARDS Summer End Target Price Set at $4

Arthur Hayes' family office, Maelstrom, has released a research report on CARDS (Collector Crypt), setting its summer end target price at $4.

The report shows that Collector Crypt is achieving rapid growth through its tokenized trading card business. In May, the annualized profit was approximately $54 million, while in June, the projected annualized total revenue is expected to reach $2.4 billion, corresponding to an annualized profit of about $109 million.

According to the report, Collector Crypt operates a digital gacha (card pack opening) model, purchasing physical trading cards in bulk at discounted prices and tokenizing them on-chain. Users can sell cards obtained from opening packs back to the platform immediately at approximately 85% to 93% of market price. The platform captures a comprehensive profit margin of roughly 4.5% from the spread between the procurement discount and the buyback price.

According to GMGN market data, CARDS is currently trading at $0.2674, with a market cap of approximately $535 million, and a 24-hour increase of 3.56%.