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Recently, the popularity of this coin has indeed increased, and the key is that there are celebrities holding positions behind it. I heard that this big V is the only person issuing this coin and is still holding it, which makes the project and the coin price highly linked.
From a technical perspective, the bottom range has stabilized around 16K, which indeed offers speculative potential. Once it breaks through the previous high, it may attract more capital inflows, and how high the market can go depends on market enthusiasm. But be cautious with this type of coin—high concentration of holdings also means higher risk, so be prepared to cut losses.
If you want to participate, you should carefully assess your risk tolerance, as these high-gain coins can also be very volatile.