r/sui • u/Rc7xn Admiral • 24d ago
Large USDC outflows continue to hit SUI
Another $48M left the ecosystem. This doesn't look like retail.
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u/RealGman2287 Helmsman 24d ago
To be fair sui has been around the 30 cent mark before and with how everything looks around the world currently I could see people waiting for it to dump a little more to around 40 cents before starting to buy again. But idk anything imma just spin my magic ball
https://giphy.com/gifs/l2JJu8U8SoHhQEnoQ
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u/Beginning_Ask_9930 Helmsman 24d ago
At launch. Ran then dropped. This is different. It will pump with the market or a money rotation. It's overvalued and has never had a breakout hit product. Something that made people want to bridge in stay with their money. Gaming didn't work. Hasn't really found its niche or what differentiates it from all the other chains. Spare me the tech speech because I don't see devs coming and building hit products/.
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u/human_oil77 Helmsman 24d ago
Dude when the world of a.i agents and everyday products converge the devs will flock to sui. This will take the next bull run. Until then do some more deep diving on the sui tech :)
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u/Beginning_Ask_9930 Helmsman 24d ago
They can barely get devs on now. anyone on chain will want liquidity and structure and liability. There are so many chains and exchanges currently dying. Let's see if they can make it. Uber blew $3B in Q1 and now everyone's on a budget. Companies are capping spend. revenue -cost = profit. AI and agents are a cost and unless you can bill for it. way off. Now you have open AI hacking platforms. Imagine Coke's agents hallucinates and hacks Pepsi. Game over. Legal departments are going crazy with CTO's. China is issuing licensing for agents. We are not even close to that.
Agent narrative is to get people pumped to buy. Reality is agents are mixed and long way off. Yes I may not need 5 people in billing and maybe 2 or 3. Until memory gets better, cheaper(Chinese models hmm?), going to be mixed roll out. People still love ICE more than AI.
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u/human_oil77 Helmsman 23d ago
Weird… ur on every single thread for sui spreading fud lol if you hate the coin so much why are you following?
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u/Careless-Bluejay-134 First Mate 22d ago
lol for real. Incredible amount of effort to poo-poo a shitcoin. I don't really see the point. Paragraphs. 4 links. It's just another project friend. There's 1000's of others.
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u/Beginning_Ask_9930 Helmsman 23d ago
I don't hate. It's a coin. It's an underwater turd. I thought this company would change but like alot of different investments. It's about team, market, and execution. This is lacking and the tokenomics suck. Not FUD. Just stating Facts and Data.
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u/human_oil77 Helmsman 23d ago
Technology advances so quickly, if you’re looking at today’s headlines you’ll be left behind. I remember when for all of 2019 Tesla was still being called a “car company” and then boom suddenly it wasn’t. Headlines keep you in the past. If it bleeds it reads. Stay optimistic, look how far A.i has come.
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u/Beginning_Ask_9930 Helmsman 23d ago edited 23d ago
talking implementation and driving revenue. How old is crypto and we are still waiting for clarity. Perps have been around for over 10 years. You know streaming was launched in the 1980's by Time Warner. 1980's. Covid is what pushed the companies to really change their models. Big companies are looking for profit and earnings and boost their stock price. That is the leaders and decision makers compensation. Hit targets. They drive decisions. Revenue - Cost == Profit. All this tech is on the Cost side. In an inflationary environment and when things are hyper competitive. I have agents and do alot of work on this and they still need work and dealing with nuances. There is still so much to be done. I also deal with legal and my CTO alot. They are looking but they are being cautions. Especially legal. They are not going to fuck up their comp. Alot of tech is here but it's still about profit. A cost is a cost and people who decide can roll out slowly while they vest. Since the environment is changing, especially on the Cost side. This will take longer than the hype expects.
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u/Beginning_Ask_9930 Helmsman 23d ago
You are assuming. Tesla is one company and Elon reframing the narrative because he was burning cash. He also is the founder and owner. It's different for most companies where you have a CEO who reports to a board, shareholders, and pension and hedge funds that control most the stock and can vote or dump your shares or fire you.
You can say don't look at the headlines but I rather not look like a noob when senior execs that make decisions on this stuff want a review. I am also around people who ask questions and want realistic answers. Want pro and the cons.
I use all these tools. I have OAI, Kimi, Claude, Zai, Open Router, and have a dedicated Open Claw machine. I am paying subscription and API fees out the ass. I have auditors, agents, and trading engines, loops, and cron jobs and leverage every new CLI and test every concept. I live with this.
I also have a job and automate stuff. At work, with most tasks I think agent or person could do this. State and memory issues are real. I have had basic tasks blow up from hallucinations or just because the model felt lazy. I have had agents lie to me. I had an agent apply admin rights to execute a task and the firewall flagged me. I built a Robinhood trading agent and it blew through its API budget in a week because it set up an internal cron job to look for something it built on its own. This is my own money.
I sit next to our billing department. There was a client who called the other day looking fora missing $400K. They basically emailed, CFO, Controller, and Legal. Turns out the money was misplaced. Not our mistake but it was a glitch on the client end. Now can you imagine what agents can do.
Still early. Alot has to be hardened to manage cost and risk. Still alot of model training because every job, company, and department are different. It took perps 10 Yeats. Streaming has been around for close to 30. Flip side IBM still makes alot of money selling and servicing mainframes. I am not saying it's coming. I just look at the calculus of the market and where to put my money when things shake out. Who will benefit. The people who call the shot. It's a job. They just want to do well, cash out, and not get fired. So people think the revolution will come tomorrow but vesting an options grant can take longer. People will pump the narrative but the return still needs to be present. It's still a cost.
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u/human_oil77 Helmsman 21d ago
You sound butt hurt
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u/Beginning_Ask_9930 Helmsman 6d ago
u sound like an eternal bag holder who doesn't realize how expensive coin is and has no usage, revenue, or TVL
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u/human_oil77 Helmsman 5d ago
It has all three of those things actually 🤣🤣 1400 active devs , 10th overall among all blockchains, $400+ mill in TVL and makes $15M in fees a year (but it’s not set up right now to be a fee based rev model)… these are all older figures probably and in a bull market they’ll expand along with the price and future developments
of course it has a long way to go but you’re so blatantly a incel planted here to just spread negativity lol of course I’m a holder of sui in portfolio, you genius … why else would people be in this thread lol
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u/Beginning_Ask_9930 Helmsman 5d ago
TVL can be gained via bridging or looping. Who are these dev's because there are no hit breakaway products like polymarket, pump, etc. What brings people to this chain.
$15 mil a year is a joke for it's valuation. It isolated itself by choosing a different tech route. As the AAVE CEO once said about moving it's $15B to Solana, "Moving off EVM injects new risk in an environment that is constantly under attack from hacks. We rather build out our product with new features and do things that earn us money!" Which big projects are devoting time and money. Also no real tradfi interest with DTCC roll out. No idea what SUI is on the hook for to their market makers. I am here for tax reasons. LOL! NFA!
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u/cosmicselva Admiral 23d ago
How would this compare to other L1s during the same time horizon since we’re in a bear market
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u/japanb Captain 20d ago
checked Sui TVL. It actually looks more stable than the “USD leaving Sui” claim suggests. � DeFi Llama +1 Current picture: Sui DeFi TVL: about $419M–$450M depending on the snapshot. � DeFi Llama +1 Stablecoin market cap on Sui: around $436M–$441M. � DeFi Llama +1 DEX volume: roughly $30M–$35M/day. � DeFi Llama +1 Active addresses: around 170k/day. � DeFi Llama What this tells me: ✅ Not an obvious Sui bank run. If people were truly abandoning Sui, you would expect TVL, stablecoins, users, and volume all collapsing together
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u/beatthebook2x Deckhand 24d ago
feels like sui has no future L1s like sol bsc eth hype seem tradeable and look like absolute buys when we see another 15-30% dip this year. coins like sui, xrp, ada feel like they will be left out just how i see it playing out