SUI's recent performance has indeed been eye-catching. Yesterday, the 24-hour increase reached 9%, with the price stabilizing around $1.57, and the daily trading volume breaking through $570 million. This kind of rebound at low levels is truly notable.

From a technical perspective, the competitiveness of this public chain is gradually being reflected in its upgrades. With a processing capacity of 866 TPS combined with zk-snarks privacy mechanisms, it still shows promise within the current blockchain ecosystem. This is not just a matter of numbers but a real improvement in performance.

Market movements are also worth noting. Institutional efforts to promote ETFs are accelerating, and the frequency of collaborations with industry giants is increasing. All these indicate that incremental capital is slowly entering the market. The market's valuation reconfiguration for SUI is far from complete, with many institutions even targeting a price level of $8.18.

Of course, while the valuation repair space is attractive, risk warnings must also be considered. The key support level at $1.10 below cannot be ignored. If this level is lost, the rebound could face downward pressure and potential correction.

The valuation game among high-potential public chains is becoming increasingly fierce. The competition among leading players like SUI, SOL, and BNB has already entered a heated phase. Those who can lead in technological innovation and capital accumulation are more likely to gain more influence in the next cycle.