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$SNDK entering the S&P 100 triggered huge retail excitement, but I’m not convinced it’s automatically bullish. The stock’s massive run has pushed expectations extremely high. I’m watching for signs of slowing demand, cyclical pressure, and aggressive industry expansion. After an extraordinary rally, I’d rather focus on valuation and fundamentals than chase the hype. For me, the key question is simple: is this sustainable growth, or another cyclical peak? #CryptoTreasuryDivides