Layer1 raised $350 million in funding. Big Backer joins A16z, Jump, Binance Labs, Coinbase Ventures, Hack VC, etc.
The Series B funding was about $300 million and priced at $0.50. The current price is only about 2 times higher than the Series B price, so it is safe to buy.
L1 $APT - $SUI are both at good valuation levels. Many people are still worried that the unlocking will cause a sharp drop in price, but if you look a little further, you will find that the price has been divided by 2 from the peak and is near the VC price.
Compared with October 2023, TVL reached $$SUI 732 million, an increase of more than 10 times. $SUI still only sees whales accumulating, and most retail investors have sold when they received ICOs in the past year.
Figure $SUI shows that the aggregation force is still dominant. The current position is quite good and can import goods because the price is still near the position where smart money sells in.
