The recent market is really hard to say how hot it is.

BTC is moving sideways, with not much direction for funds; most people are observing and taking a laid-back approach.

But this "cold time" is actually my favorite phase for finding projects—
Because the heat has faded, we can see who is truly doing the work and who is just telling stories.
After taking a look around, @MMTFinance ($MMT ) is one of the few that makes me feel "there's something to it."

It's not the kind of project that relies on a bunch of concepts, but rather one that can deliver real data during a bear market.

🧠 My opinion is:

When the market is bad and liquidity is tight, most DeFi projects will be washed out.
However, Momentum's approach is exactly the opposite; it is focused on "layout during the accumulation period" —

Polish underlying products in a bear market, fill in the ecological puzzle, and promote the ve(3,3) model.
In simple terms, it is working on the flywheel while others are resting.
But the flywheel has not officially started spinning yet.
Once ve(3,3) model is activated, the Sui ecosystem will see another wave of capital inflow.
Momentum might be the first to reap the benefits.

💬 My own judgment is:
At this stage, there is no need to chase short-term trades; instead, we should focus more on projects that can transcend cycles.
Momentum, which has institutional backing (Coinbase, Jump, Circle) + real trading data,

In fact, the risk is much lower than that pile of Meme coins or high FDV new projects.
Especially this subscription on @buidlpad:

TGE full unlock,

Tier 1 valuation is only $250 million,

And the total limit of 4.5 million dollars is not exaggerated.
In terms of cost-effectiveness, it is indeed worth participating in the first hand.

📈 Summary:
The current market may not surge immediately,
But it's also a good opportunity to set up for the next round.
I would rather invest in projects that are truly "building systems" during this quiet period.
instead of buying in at the FOMO peak.

Momentum projects are the type that can withstand bear markets and explode in bull markets.
When the market really takes off, you will find that it has already run ahead.