I just came across a piece of news that SUI will soon support Phantom Wallet, which is the 'exclusive wallet' previously used for SOL. This means that the 'Golden Dog Effect' of SOL may gradually shift towards SUI, and more original SOL chain developers may migrate to the SUI chain, after all, the lower development cost and participation cost can lead to a higher 'imaginable space' and 'ceiling.' Additionally, the lower coin price will lower the threshold for friends participating in SUI chain 'rushing to the dog.'

Looking at it now, although SUI has already risen a bit, the price difference compared to SOL is too large, making it hard to say whether SUI will be the biggest dark horse in this bull market.

Observing SUI rise from a price of 0.3x to now, I can only say that my previous basic research on the project had significant shortcomings; I mostly looked for answers only on the K-line. However, it’s not all lost, as I still hold a SUI long position at 3.19, just lacking spot, which is a bit regrettable.

I will patiently wait for a pullback, holding SUI for the long term; perhaps there will be surprises.

After all, SUI can be coin-based, and holding long can also reduce position risk through hedging.