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Interestingly, just as Sui is facing centralization controversies and Cetus is trapped in a hacker attack, @MMTFinance chose this moment to "make a move" - with OKX Ventures leading a financing round at a valuation of $100 million. The timing behind this has some "complexity": 1) At a time when the entire Sui ecosystem is in panic, MMT's operation is essentially telling the market: don't worry, real players are still at the table, and don't be concerned about the future of Sui DeFi; 2) The Cetus incident is clearly a systemic impact event in the Sui ecosystem, and its direct or indirect damage may far exceed the $60 million stolen by hackers. At this moment, MMT has brought out the ve(3,3) trump card mechanism, as if planting a flag - can this inherently Ponzi-like mode save the Sui DeFi ecosystem from dire straits?

Momentum
@MMTFinance
2 days ago
@MMTFinance has raised a strategic round at a $100M valuation lead by @OKX_Ventures. We’re thrilled to be backed by some of the most respected investors in crypto as we build the central liquidity engine for the Move ecosystem on @SuiNetwork. 🌊
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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