Last night, before MMT was launched, the FDV was only 300 million before I looked at the market, which was unbelievable at that time. After all, a few days ago I was telling my friends in the group that I should be able to reach 1B in a Grand Slam, but it turned out to be a Grand Slam. Why did FDV go backwards and reach 300 million? After reviewing the situation afterwards, I speculate that the project team deliberately did not support the stock before the market was launched, and coupled with the extreme market downturn, they deliberately suppressed everyone's psychological expectations, especially by acquiring new users. Then, in the evening, Buidlpad introduced a capital preservation mechanism that allowed many people to directly hedge, with a large number of arbitrage orders. I think this is the main reason why MM caused trouble in the early hours of the morning. Bybit even pulled me up to 10U in the early hours of the morning, and my friend called me at 5am, looking confused and difficult to trust. Now the price has returned to 1U, and I think the airdrop is likely to arrive tonight. With the pressure of selling, I don't know where it can fall, and I dare not go for hedging. Under normal circumstances, the overall value of the project is anchored in transaction fees. Based on current transaction fee data, my expected FDV before going live is actually around 800 million US dollars, which I think is reasonable. In the long run, as long as Sui continues to develop, as an ecological leader, it will still benefit as a whole. But theory is theory, it still depends on the market situation. Before the tokens are properly issued to users, where this thing can go depends purely on the market situation. But no matter what, in the end, it still depends on whether the project team wants to make things worse and continue to work on the fundamentals of the project.