diff --git a/domains/internet-finance/futarchy-governed-meme-coins-attract-speculative-capital-at-scale.md b/domains/internet-finance/futarchy-governed-meme-coins-attract-speculative-capital-at-scale.md
index 51bc7282..11552a9f 100644
--- a/domains/internet-finance/futarchy-governed-meme-coins-attract-speculative-capital-at-scale.md
+++ b/domains/internet-finance/futarchy-governed-meme-coins-attract-speculative-capital-at-scale.md
@@ -18,6 +18,12 @@ Rock Game raised $272 against a $10 target (27.2x oversubscription) on futardio,
 
 XorraBet raised N/A (effectively $0) against a $410K target despite positioning as a futarchy-governed betting platform with a $166B addressable market narrative. This suggests futarchy governance alone does not guarantee capital attraction when the underlying product lacks market validation or credibility.
 
+
+### Additional Evidence (extend)
+*Source: [[2026-03-20-pineanalytics-purr-hyperliquid-memecoin]] | Added: 2026-03-20*
+
+PURR (non-futarchy memecoin) demonstrates that pure community distribution without governance innovation can achieve similar speculative capital attraction. 500M token airdrop to Hyperliquid points holders, zero VC allocation, and ecosystem momentum positioning created 'conviction holder' base. Pine's recommendation pivot from fundamental analysis to pure memecoin plays suggests the speculative capital attraction mechanism may be distribution structure + ecosystem positioning rather than futarchy governance specifically.
+
 ---
 
 # Futarchy-governed meme coins attract speculative capital at scale
diff --git a/inbox/queue/2026-03-20-pineanalytics-purr-hyperliquid-memecoin.md b/inbox/queue/2026-03-20-pineanalytics-purr-hyperliquid-memecoin.md
index d8df3b69..a741023e 100644
--- a/inbox/queue/2026-03-20-pineanalytics-purr-hyperliquid-memecoin.md
+++ b/inbox/queue/2026-03-20-pineanalytics-purr-hyperliquid-memecoin.md
@@ -7,9 +7,13 @@ date: 2026-03-16
 domain: internet-finance
 secondary_domains: []
 format: article
-status: unprocessed
+status: enrichment
 priority: medium
 tags: [hyperliquid, memecoin, purr, community-airdrop, ownership-alignment, speculation, wealth-effect, pine-analytics, sentiment-shift]
+processed_by: rio
+processed_date: 2026-03-20
+enrichments_applied: ["futarchy-governed-meme-coins-attract-speculative-capital-at-scale.md"]
+extraction_model: "anthropic/claude-sonnet-4.5"
 ---
 
 ## Content
@@ -58,3 +62,13 @@ tags: [hyperliquid, memecoin, purr, community-airdrop, ownership-alignment, spec
 PRIMARY CONNECTION: Community ownership accelerates growth through aligned evangelism not passive holding
 WHY ARCHIVED: PURR tests whether community ownership creates growth through product evangelism (claim) or merely through survivor-bias stickiness (alternative mechanism) — the distinction matters for Living Capital thesis, which relies on ownership alignment producing informed defenders, not just stubborn holders
 EXTRACTION HINT: The survivor-bias mechanism (conviction OGs remain after weak hands exit) is a distinct mechanism from product evangelism; flag whether the KB claim can distinguish between these two ownership dynamics
+
+
+## Key Facts
+- PURR launched April 16, 2024 with 500M token airdrop to Hyperliquid points holders
+- PURR has 1 billion max supply with ~598M current supply (deflationary)
+- 400M PURR deployed as liquidity were burned
+- PURR/HYPE ratio is ~0.0024 as of March 2026, down ~90% from late 2024 peaks
+- PURR daily trading volume is under $1M
+- Pine Analytics recommended PURR despite it having no team, product, or revenue
+- Pine Analytics previously issued AVOID ratings on $UP, $BANK, and cautious on $P2P