Canopy chain is getting overlooked amid ARC noise. Launched at ~$20M market cap, bottomed at $10M support, now trading at new highs with $218M FDV. $1.1B in 24H volume signals real liquidity and demand, not just retail hype. Risk/reward setup looks asymmetric here—if volume sustains and market cap pushes toward $40M, that's a clean 2x from current levels. Early seller shakeout already happened, which typically clears weak hands before institutional accumulation. Watching for volume confirmation and whether it holds support on next pullback. If it breaks $40M with sustained flow, next leg could be $75M-$100M range assuming no macro headwinds.