The logical deduction of bearish $SUI , a warning from a senior user of Sui Chain

I am not a professional trader, but as a senior user of Sui Chain, I am qualified to say my argument for bearish Sui

I do not deny the future of Sui, but I sincerely feel that the current price of Sui is a bit inflated

1. The FDV of $SUI has reached 22 billion US dollars, while the FDV of Sol, the representative of high-performance chains, is 92 billion US dollars. There is only 4 times the space. What kind of existence is Sol? Why does Sui have a quarter of Sol's potential and valuation at present?

In other words, Sui's upward space is not high compared to Sol. If you say that Sol is underestimated, then you are talking nonsense

2. $SUI chain ecological analysis: I admit that Sui Chain is indeed fast and easy to use, but as a Sui Chain DeFi application Senior users, what I want to tell you is that the way to play the Sui chain ecosystem is to subsidize a large number of Sui coins to stimulate TVL. Of course, this is not wrong in itself.

But if you think that a chain can succeed by relying on this model, then there is no public chain that cannot rise in the world.

Sui chain currently has no application innovations worthy of praise. It is all copied from the old DeFi, although some DeFi is really good.

3. Sui chain TVL gameplay: Subsidize DeFi with a large number of Sui coins to maintain basic activity. The major collateral in Sui chain DeFi is Sui currency. By raising Sui coins, the entire TVL leverage can be magnified. To be honest, it is very false.

So I shorted Sui at a low multiple, 1x leverage, shorted in batches, played with small funds, and shorted cautiously. I am also cautious. Sui’s dealer is indeed strong.

The above are all my fantasies. If Sui soars again one day, I will ignore what I said.