Meta's next flagship model, internally codenamed Watermelon and currently in training at its Superintelligence Labs, drives the fragmented trader sentiment on the public family name. With no official timeline or branding signals beyond the existing Muse Spark and Glimmer releases, the market shows no dominant favorite among candidates like Flare, Fire, or Watermelon itself, reflecting uncertainty in Meta's shift toward closed, paid multimodal models competing with OpenAI and Anthropic. Recent agentic capability gains in Muse Spark 1.3 and the September launch of the consumer Muse agent have heightened attention to the family's evolution, though product timelines often slip. Key upcoming catalysts include any earnings commentary, developer conference hints, or regulatory updates that could clarify branding strategy before year-end resolution.