Regarding the listing of projects on exchanges, there is an interesting paradox worth pondering. Truly high-quality projects typically do not actively beg exchanges for listing qualifications. Conversely, when project teams pour chips, effort, and money into exchanges, they are essentially weakening themselves and harming the community. Imagine what a truly promising project should do: focus on refining the product, accumulating users, and building an ecosystem, so that exchanges see the opportunity and come knocking on their own. Only then does listing become a benefit for the exchange, rather than a result of project teams begging.

Speaking of token economic models, WAL is a classic negative example. The business logic and price trend of this project are fundamentally opposed. You have to ask yourself: does the token issuance really stem from demand? No, it doesn’t. WAL’s ecosystem has no real demand for the token; issuing tokens just for the sake of issuing, and this lack of self-consistency is doomed to cause problems.

Comparing it to Jackson makes things very clear. Jackson is supported by real market demand—the 30th anniversary of Pokémon, the hype, the gacha mechanism (which offers a much better experience than other platforms), and the World Cup in June. Besides these existing advantages, there is deeper potential: Meta directly channels game traffic to the platform, and exchanges proactively request listings. This is true market-driven behavior. Technology (like SUI’s underlying tech) is a tool serving market demand, not the other way around.

Talking about SUI, last year’s decision-making mistakes on a certain platform indeed hurt many people, but the lessons learned are evident. Now, SUI is refocusing on ecosystem development, and with the price dropping to bargain levels, it might not be a bad thing for those long-term optimistic about ecosystem growth. Based on ecosystem progress and market reactions, reaching $20U by the end of next year is not a pipe dream.

The project team behind AVAX is indeed dedicated, but honestly, I can’t promise that the token price will perform spectacularly. That’s the reality.

Some also worry about how non-farm payroll data impacts Bitcoin’s overall trend. In fact, these short-term noises don’t significantly change the long-term pattern. Spending too much energy on them is less productive than focusing on fundamentals. Conversely, macro events like a peak in the US stock market tend to boost the entire crypto market psychologically. When US stocks top out, risk aversion increases, and cryptocurrencies, as an alternative asset class, naturally benefit.

Finally, many projects in the crypto space are eager to innovate technology and promote their solutions, hoping everyone will adopt their tech. This mindset is backwards. The right approach is to first identify what the market lacks and what users need, then develop new technology based on solving real demands. The success template of Jackson lies here—market demand is the main character, and SUI’s technology is the supporting role.