There is an interesting case for a $PHAR bid here.

@PharaohExchange saw its most significant spike in fee marketshare over the past month, taking the lead on Avalanche.

→ Meanwhile, TVL is near ATHs ~$45M

→ Tokeholders now over 10k

→ $PHAR is -76% from ATHs

→ Trading at a 3x P/S

No position, but may be time to start accumulating here.