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SUI this coin looks pretty strong in price, but it's actually just the market makers holding it up. To be honest, coins with such concentrated chips are the most painful for retail investors. Now when the market drops, it's hard to even sell: if you sell a little, the market immediately crashes, there's no liquidity to absorb the sell-off; if you don't sell, the project team keeps unlocking and dumping chips, which is basically a dull knife cutting into your flesh.
The most disappointing part is the ecosystem. After hyping up high-end technology for so long, the reality is a second-tier public chain at best, possibly even slipping into third-tier. Look at what's on the chain now? Not even a hit application that can really take off. No applications, no users; no users, no funds—it's a dead ecosystem.
Earlier, I saw Solana's meme coins blow up, and SUI wanted to copy that success, but ended up doing a poor imitation. The meme sector is a mess, not even a decent "local dog" project has emerged. No hype, no leader, just market makers drawing pictures and controlling the chart to maintain the K-line—how is this sustainable? If things keep going like this, SUI might really turn into a "ghost town." Holding this coin, you're truly stuck between a rock and a hard place—so awkward. $SUI