@DRTnky It’s a Ponzi disguised as a savings account for retirement …. Need to look at the holistic picture…. Go walk around in SG and you’ll probably be surprised to see with such a brilliant savings account theres elderly people everywhere working as cleaners. 🤷♂️
@MikeTheGambler_@JupiterExchange Cuz the team lost all credibility since the vote to pay huge amount to workgroups. They kept doubling down on screwing Jup hodlers and users. 🤷♂️people vote with their wallets. Fact of life.
sui stablecoin supply crossed $1b with 716% turnover ratio, highest of any L1. then they shipped gasless transfers where USDC, USDT, and 6 other stablecoins move without touching SUI at all. usage is exploding but the native token is now explicitly bypassed in the highest-volume use case. $207-317m in VC unlocks hitting may/june against a $4.2b cap with only 32.5% circulating. you're watching a network build the best stablecoin rail in crypto while simultaneously removing the reason anyone needs to hold its token. $148m single-day stablecoin inflow on launch day beat ethereum, base, tron, and solana. the infrastructure is legitimately good. the question is whether SUI the token captures any of it or if you just funded the pipes for circle and tether