At 3 a.m., my phone kept vibrating. A friend sent a message: "500万All in WAL." I was a bit stunned at the time. Another trend chasing the hot spot? I couldn't sleep, so I got up to do some research, intending to explain the risks to him. But what happened? The more I looked, the more I felt I might have a biased understanding. That's when I realized that, often, our market judgments really only stay on the surface. There's a particularly interesting phenomenon in the crypto circle — 99% of people are actually gambling. What are they betting on? Betting on hot topics, betting on emotions, betting on the next Meme coin. When someone mentions "ecosystem" or "infrastructure," they start to doze off. But what is Walrus? It’s like the underlying storage network in the Web3 world. AI models need local data storage, on-chain applications need to run content, gaming assets need to be placed — all of this revolves around this layer. To put it simply, this isn’t about speculating on a concept coin, but about betting on a necessary infrastructure. The market is always replaying the same play. When Meme coins rise tenfold, the whole network cheers; but infrastructure assets, which rise threefold, get little attention. When the storm subsides, what will you see? Last year, a bunch of so-called "god coins" vanished into smoke, while Ethereum, Filecoin, and similar "pavers" became pillars amid volatility. Walrus is currently in this "undervalued" stage. Short-term dips often attract accusations of "scams." But if you understand the logic behind it — more AI applications, games, and social products are emerging on Sui chain, and the demand for storage is growing stronger. This is a certain mathematical problem, not some mystical gambling. History loves to rhyme. In 2020, many people dismissed Ethereum’s speed and cost, chasing after clone DeFi protocols. What was the final result? No matter how expensive Gas was, all applications ultimately had to return to Ethereum to pay the "toll." And Walrus? The same story is playing out in the Sui ecosystem. Short-term fluctuations won’t scare those with vision.