The cyclical patterns of the crypto market have never changed; the key is understanding how projects should be played at different stages. Taking Walrus as an example, the performance logic of this core infrastructure in the Sui ecosystem is completely different during bear and bull markets.

During a bear market or bottoming phase, what makes Walrus attractive? Clear long-term value narratives, a relatively straightforward deflationary model, plus ongoing institutional deployment stories. These characteristics give it stronger resilience to declines. Comparing with previous cycles, infrastructure projects often reveal more value during lows.

But when the bull market erupts, it’s a different story. As an important part of the Sui ecosystem, Walrus’s potential will be reactivated. Hotspots like AI, explosive growth in ecological applications, and surging storage demand—at this time, the elasticity could far exceed expectations. Once the entire Sui ecosystem is activated, underlying storage demand will become a core driving force.

So the key is to clarify your positioning: Are you deploying during the bear market and locking in positions while waiting for ecosystem growth, or are you dynamically following application demand during the bull market? Rational investment strategies have never been about chasing highs and selling lows, but about understanding cycles and timing your deployment. At which stage do you prefer to enter such infrastructure projects?