๐จ BREAKING: Evan Cheng calls for real business models in crypto ๐
What is happening?
โข Cheng (Mysten Labs /
$SUI ) says weak chains are being โflushed outโ
โข Criticizes reliance on continuous token selling
$ASTER โข Emphasizes revenue, cost control, long-term execution
$LINK โข Signals shift in market priorities
What this suggests:
โข End of easy-money era in crypto
โข Investors demanding sustainable fundamentals
โข Survival of chains with real users + revenue
Context:
โข Many L1s/L2s launched with heavy token incentives
โข Bear/sideways markets typically expose weak models
๐ Market takeaway:
Structural shift. Market moving from hype โ fundamentals. Bullish for strong ecosystems, bearish for low-utility chains with no clear revenue model.
#SUI๐ฅ #crypto #evanCheng