Sui/Cetus Ecological Crisis and Coin Price Observation: From Hard Injuries to Resilience, 7 Major Perspectives at a Glance

Recently, the Sui ecosystem has experienced significant fluctuations, raising concerns in the industry about its sustainability and governance model. Renowned blockchain observer Raccoon Chan has published a 7-point in-depth analysis of Sui and the hacked protocol Cetus, which involves ecological confidence and culture, and does not shy away from the actual perspective on coin prices.

Top resource management: The Sui team’s token governance has a set of

Raccoon Chan believes that the Sui team has demonstrated the ability to accurately allocate resources since the token generation event (TGE). They don’t give out too much incentives, but they don’t let the ecology go into famine. Binance, which provides listing services, cannot get too much room for manipulation in it, showing that Sui has a rare ability to balance governance. Compared to Ethereum or Solana, Sui’s negotiation results in managing native stablecoins and cross-chain bridge protocols are more ideal, which is a reflection of its comparative advantages.

Ecological Impact: Expansion Slows, Strategy Turns Conservative

Despite the strong operation of Sui’s tokens, recent negative events have caused substantial harm to its ecosystem. Native projects are beginning to adopt conservative strategies, and potential new projects are showing signs of hesitation or even halting expansion. This will affect the quantity and quality of “catalysts” in the overall ecosystem, making the innovative collaborations that could have occurred seem out of reach.

( Water family sheds tears! Sui’s main DEX Cetus lost over 260 million dollars, evaporating 83% of TVL )

The ecosystem does not disperse and still has cohesion.

Despite the setbacks, Raccoon Chan emphasized that this is not a fatal blow. He personally visited Sui’s Basecamp and believes that the local environment still possesses a healthy organizational atmosphere, without obvious signs of corruption. Especially for many developers from other Move public chains, Sui may be the last remaining safe haven, making a collective “Dunkirk evacuation” unlikely.

The main dish is still $SUI, the coin price has limited impact.

From the perspective of coin price, the main focus of Sui is still $SUI itself, rather than its ecological projects. The impact of this event on the token’s chip distribution is within a controllable range. Similar to the unprecedented winter that BSC once faced, as long as core resources (such as Binance Launchpad) do not encounter issues, the fundamentals of the coin price will not be fatally affected.

The test of ecological culture: Will the community step up?

The Sui community is facing an opportunity to establish a culture of mutual assistance. For the victims of the Cetus incident, some have suggested emulating Solana’s $BONK airdrop and community fundraising model, to strengthen community identity through asset distribution and traffic diversion. The good news is that there has not yet been a project party that blatantly takes advantage of the situation, indicating that the usual ecological community building efforts have already yielded results.

Rejecting Ransom-style Speculation: How Should Investors and Project Parties Mutual Trust?

Raccoon Chan criticized some for their emotional kidnapping of speculators who bought tokens during the crash, and even regarded them as hacker accomplices. He advocated that project parties should show sincerity and transparency, and establish mutual trust mechanisms with speculators, rather than simply imposing responsibility or moral shackles on others. In other words, stable currency prices and ecological construction should be promoted by cooperation and commitment, not emotional blackmail.

Decentralization or Coordinatedism? The Dialectics of Sui’s Positioning

In light of the recent controversies involving asset freezes, Raccoon believes that Sui is not Ethereum, as its underlying genes come from Meta’s Libra. Therefore, the requirements for decentralization are inherently different. He pointed out that such coordinated actions are still different from the “rollback” of centralized databases; as long as handled properly, with public relations follow-up and transparent processes, they can still be understood and accepted by the community. Sui must be more decentralized than BNB Chain, but does not need to reach the belief-based goal of being a complete “world computer.”

Coin price observation: Short-term explosion is unlikely, the anchor of the heart has been planted.

Finally, Raccoon expressed a cautiously optimistic view on the price of $SUI. He does not believe there will be significant selling pressure, but it is also difficult to see a sharp rise in the short term. The reason is that market psychology has been anchored around the price of “around $4”, and it takes time to remove this perception, rather than relying solely on positive news or narratives. The lack of new buying pressure, even a slight sell-off in response to expenses, could lead to a downward trend.

This article Sui/Cetus ecological crisis and coin price observation: from hard injuries to resilience, 7 major viewpoints at a glance first appeared in Chain News ABMedia.