According to BlockBeats, on August 12, Andrew Kang, co-founder and partner of the crypto venture capital firm Mechanism Capital, responded to top trader Eugene Ng Ah Sio on social media. Kang stated, 'I do not believe that SUI's market cap will reach the level of SOL, but its current market cap is only 3.5% of SOL's. This sounds similar to the arguments made by the .eth community before or during SOL's outperformance.'