Andrew Kang: Does not believe that SUI's market value will reach the level of SOL

Bitget App

Trade smarter

Bitget2024/08/12 12:34

In a message from ChainCatcher, Andrew Kang, co-founder and partner of the crypto risk investment firm Mechanism Capital, responded to top trader Eugene Ng Ah Sio on social media saying, "I'm not suggesting that SUI's market cap will reach SOL's level, but its current market cap is only 3.5% of SOL's. This sounds just like the arguments given by the .eth community before or during SOL's superior performance."

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

Trending news

The Federal Reserve's overnight reverse repurchase agreement (RRP) usage was $756.1 million on Friday.

Data: In the past 24 hours, total liquidations across the network reached $288 millions, with long positions liquidated for $163 millions and short positions for $125 millions.