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

Recently, the Sui ecosystem has experienced significant fluctuations, drawing industry attention to its sustainability and governance model. Renowned blockchain observer Raccoon Chan published a 7-point in-depth analysis of Sui and the hacked protocol Cetus, addressing ecosystem confidence and culture while providing candid insights into token pricing.

Top-Tier Resource Management: Sui Team's Token Governance Strategy

Raccoon Chan believes that the Sui team has demonstrated precise resource allocation capabilities since the Token Generation Event (TGE). They neither over-distribute incentives nor let the ecosystem fall into scarcity. Binance, which provides listing services, cannot gain excessive control, indicating Sui's rare balanced governance ability. Compared to Ethereum or Solana, Sui has achieved more favorable negotiation results in managing native stablecoins and cross-chain bridge protocols, showcasing its relative advantage.

Ecosystem Impact: Expansion Slows, Strategy Turns Conservative

Despite Sui's strong token operations, recent negative events have caused substantial damage to its ecosystem. Native projects are beginning to adopt conservative strategies, with potential new projects showing hesitation or even halting expansion. This will affect the quantity and quality of ecosystem "catalysts", making potentially innovative collaborations seem increasingly distant.

(Tears shed by water family! Sui's main DEX Cetus lost over $260 million, causing 83% TVL evaporation)

Ecosystem Remains Cohesive

Despite being wounded, Raccoon Chan emphasizes this is not a fatal blow. After personally visiting Sui's Basecamp, he believes the local environment still maintains a healthy organizational atmosphere with no obvious signs of corruption. Especially for many developers from other Move blockchain platforms, Sui might be the last remaining safe haven, making a collective "Dunkirk retreat" unlikely.

$SUI Remains the Main Course, Price Impact Limited

From a token price perspective, Sui's core remains $SUI itself, rather than its ecosystem projects. The impact of this event on token fundamentals is controllable. Similar to the unprecedented winter BSC once experienced, as long as core resources (such as Binance Launchpad) remain unaffected, the token's fundamental price will not suffer a fatal impact.

Ecosystem Culture Test: Will the Community Stand Up?

The Sui community faces an opportunity to establish a mutual support culture. For Cetus event victims, some suggest emulating Solana's $BONK airdrop and community fundraising model to consolidate community identity through asset distribution and traffic redirection. The good news is that no projects have overtly taken advantage of the situation, indicating previous ecosystem team-building efforts have been effective.

Rejecting Ransomware-Style Speculation: How Should Investors and Projects Build Mutual Trust?

Raccoon Chan criticizes some people's emotional manipulation of speculators buying tokens during a price drop, even viewing them as accomplices to hackers. He advocates that projects should demonstrate sincerity and transparency, establishing mutual trust mechanisms with speculators instead of simply imposing moral responsibility. In other words, stable token prices and ecosystem construction should be driven by cooperation and commitment, not emotional blackmail.

Decentralization or Coordinative Principle? Sui's Positioning Debate

Facing recent controversies involving asset freezing, Raccoon believes Sui is not Ethereum, as its underlying genes come from Meta's Libra, thus the decentralization requirements differ. He points out that such coordination behaviors still differ from centralized database "rollbacks", and if handled properly with good public relations and transparent procedures, they can be understood and accepted by the community. Sui must be more decentralized than BNB Chain but does not need to achieve the completely faith-based "world computer" level goal.

Coin Price Observation: Difficult to Surge in Short Term, Psychological Anchor Already Planted

Lastly, Raccoon expressed a cautiously optimistic view on the $SUI token price. He does not believe there will be massive selling pressure, but it will be difficult to see a significant rise in the short term. The reason is that the market psychology has been anchored to a price around "4 dollars", and removing this perception will take time, rather than being driven by positive news or narratives. Lacking new buying orders, even small-scale selling to cover expenses could lead to a downward trend.

Have you ever wondered why you can't trade US stocks at 2 AM? Or why entering the US stock market is difficult and costly for those outside the United States? In today's rapidly evolving blockchain and cryptocurrency technology, these issues seem to have solutions. Kraken is preparing to "tokenize" US stocks, allowing global users to participate in the US market anytime, anywhere.

Kraken Partners with Backed to Launch xStocks: Unlocking US Stock Token Trading

Kraken recently announced that it will collaborate with the fintech company Backed to launch a new tokenized stock product called "xStocks". This service will allow Kraken users outside the US to purchase US-listed stocks and ETFs issued as SPL tokens on the Solana blockchain.

This means users can trade these tokenized assets on the Kraken platform, and even operate directly on-chain using supported crypto wallets for investment and management. Most critically, these xStocks tokens can also be used as collateral for other DeFi protocols or applications, which is difficult to achieve in the traditional financial system.

Breaking Investment Boundaries: Global Users Can "Buy US Stocks"

Mark Greenberg, Kraken's Global Head of Consumer Business, stated: "We are redefining stock investment, providing a true alternative for customers who desire to break through existing investment restrictions. Through xStocks, we are making US stocks more open, more real-time, and borderless."

He pointed out that the current ways for global investors to access US stocks are outdated and full of limitations, from trading hours and cross-border fees to complex regulatory hurdles. The launch of xStocks aims to simplify all this using blockchain technology, allowing everyone to easily participate in the US market.

Continuing Kraken's Strategic Blueprint: From US Domestic to Global Expansion

The launch of xStocks is an important step in Kraken's strategy of "merging crypto and traditional finance". Previously, Kraken had launched a stock trading service in the US, allowing users to trade over 11,000 US-listed stocks and ETFs through the Kraken App. Currently, this service is limited to US users, but Kraken says it will expand to the UK, European, and Australian markets in the future.

xStocks is a global extension of this expansion strategy, with the goal of "allowing anyone, anywhere, to easily invest in US assets". Kraken plans to gradually expand the range of assets and available regions supported by xStocks, completely breaking the boundaries of traditional markets.

xStocks is not just a new product, but potentially a new form of financial future. Through the low-cost, high-efficiency, and transparency of blockchain technology, tokenized assets are rapidly rising, challenging the core operating methods of the traditional financial system.