I found IKA on Sui to be very strange; both on-chain and lending provided extremely high annualized rates, which lasted for almost a month.

This morning at 5 AM, a one-time net collection occurred, pulling the 5-minute line from 0.039 to 0.43, which wiped out the lending and various arbitrage and lending players on the Sui chain in one go, and now it has dropped back to its original position.

Many altcoins have accumulated a lot of airdrop positions before, and big players come in with unlimited funding to specifically blow up, earning the liquidation money. Everyone who shorts and borrows altcoins should best withdraw their positions; directed explosions will only drain all the margin in your account.