This 50% rally is not driven by hype; it's based on fundamentals.

Let's look at the data: after the fee switch was activated, $38 million was generated annually for buybacks and burns. Additionally, 100 million tokens were directly burned, reducing the circulating supply by 16%. This combination results in an annualized deflation rate of 5%. More importantly, there are signals from regulators: the SEC's attitude is warming, and the progress of related legislation is clarifying the compliance path.

On-chain interesting points: a major whale directly bought in $5.56 million worth of tokens, and the MACD indicator showed a bullish crossover, breaking through resistance levels since June. Several old DeFi faces are also rallying, making the entire sector lively.

Essentially, this reflects a shift of DeFi protocols from purely governance tokens to assets capable of capturing cash flow. The market is re-pricing this logic.

From an operational perspective, I think: building in stages between $8.5 and $9, targeting $12, with a stop-loss at $7.8. Currently, RSI is high, so don't panic during a correction, but also avoid blindly chasing the top.

What are your thoughts on this move? What's the cost? Share in the comments.