Bounty Cat took the flow yesterday, but I'd watch what happens next. Eleven tokens is a decent spread—nothing synthetic got filtered out—and the volume sat real enough behind it. CATBOT ran second with $4.8m but had to shed five candidates that did not hold up, which tells you the theme had some noise. Below that, Dacity moved $3.9m across thirteen tokens with only one discard, and Nio held $2.2m across fourteen. The room is not concentrating; it is dispersing.
Individual token strength tells a different story. CATBOT as a single token moved $4.8m, nearly matching its whole theme's volume, which means that token is doing real work. DUBBLE and HOUSEWORM both cracked $2.6m each. These three carry weight that the theme rankings do not quite show. The new pool traffic—111 pools spun up in 24 hours, most of them immediate washout—is ordinary noise. Ten pools already trading is thin.
Solana moved $374m in infrastructure volume yesterday. Against that, the cat themes and token plays are positioning, not plumbing. The spread matters more than the lead here. Bounty Cat won the day, but nothing broke.
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