AMA on X

🔰Good night everyone Happy Eid al-Fitr 1445 H/2024 M. Minal aidin wal faidzin, apologies born and inner for all friends friends . 🙏🙏🙏🙏🙏 Didi Chanel

SUI is currently approaching the key position of 4.3, which is an important resistance level. If it can effectively break through and hold above, there is a chance to continue upwards, with a target possibly reaching the position of 5.36. In the short term, 4.3 is a key point for determining whether to initiate a major market trend. After breaking through for the first time, there may be some short-term resistance around 4.45. If the subsequent pullback can hold above 4.3, the market may enter a weekly uptrend phase. This stage is worth continuous attention, and the key is whether it can break through with increased volume and hold above the key level. Those who missed out on SUI can take a look at the SUI ecosystem. It's not about buying now, but rather considering it after SUI holds above 4.3. SUI ecosystem examples: CETUS DEEP BLUE SEND WAL These have relatively small market caps, so there is more room for growth. The SUI ecosystem is mostly played by Southeast Asians and Koreans. Everyone, take your time to consider whether it can produce a golden dog. #打榜优质内容#

The Walrus protocol, which is about to be launched by Mysten Labs, is receiving a lot of attention in the decentralized storage market due to its cost-effectiveness, strong programmability, and the ability for users to modify data. Walrus is closely integrated with the Sui network and is expected to reshape Web3 infrastructure, expand the appeal of SUI assets, and has extensive application potential, with strong future competitiveness.

The Sui ecosystem has recently experienced a significant pump, with the governance token SUI rising over 75% in a week. Analysis shows that inflows of funds, market rumors, and project developments have jointly driven the pump. Despite the surge in DEX volume, the imbalanced ecological structure and risks associated with token unlocks still need to be followed, and whether it can continue to attract users in the future will be a challenge.

The Sui ecosystem has launched a new decentralized storage solution called Walrus, which uses an innovative encoding Algorithm called RedStuff to enhance storage efficiency and reliability, while introducing a governance token, WAL, to strengthen economic incentives. Walrus is expected to contribute to the scalability and security of decentralized storage.