In a bull market, everyone looks like a genius, but the real dividing line emerges in a bear market.
Why do I continue to be bullish on Walrus? Simply put, it's because I observed how this project weathered the winter of the last cycle. Most projects either shut down or pivot to different tracks during this time, but this team didn't do that — their building pace remained unchanged, product iterations continued as normal, and community communication didn't take a hit. This detail is key.
It exposes the truest nature of a project: does it survive on market hype, or is it supported by genuine demand?
Walrus's logic isn't a speculative narrative; it's rooted in the actual needs of on-chain activity. It's like when the tide recedes, it becomes obvious who's swimming naked; who's quietly reinforcing their own infrastructure is equally clear. The difference is that the former will be forgotten, while the latter becomes a competitor when the next cycle arrives.
The essence of long-term investing is actually investing in a project's resilience in weathering cycles. It's not betting on price appreciation, but betting on how far this team and this direction can go. From this perspective, projects that are still doing real work during bear markets deserve a closer look.
Bear markets reveal the truth, and that's no exaggeration. Walrus really has something this time, no hype, no hate.
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Honestly, I've seen too many "geniuses" in bull markets, they're all paper tigers.
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When the tide goes out, you see who's swimming naked—that metaphor is perfect, it hits right home.
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Most projects fall apart in bear markets, but Walrus is still grinding. That's the difference.
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Not all development deserves optimism, but at least Walrus isn't slacking off, and that's actually credible.
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To be honest, compared to price surges, what I care more about is whether the team is actually getting things done.
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Resilience can't be hidden, you can instantly spot it in bear markets. Walrus made the right move here.
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It's both infrastructure and on-chain demand, doesn't sound like just a story anymore, pretty interesting.
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In the next cycle, these serious projects could definitely turn things around, but how many will actually survive until then?
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Investing in resilience is essentially investing in human conviction, really. Market sentiment changes and everything falls apart anyway.
In a bull market, everyone looks like a genius, but the real dividing line emerges in a bear market.
Why do I continue to be bullish on Walrus? Simply put, it's because I observed how this project weathered the winter of the last cycle. Most projects either shut down or pivot to different tracks during this time, but this team didn't do that — their building pace remained unchanged, product iterations continued as normal, and community communication didn't take a hit. This detail is key.
It exposes the truest nature of a project: does it survive on market hype, or is it supported by genuine demand?
Walrus's logic isn't a speculative narrative; it's rooted in the actual needs of on-chain activity. It's like when the tide recedes, it becomes obvious who's swimming naked; who's quietly reinforcing their own infrastructure is equally clear. The difference is that the former will be forgotten, while the latter becomes a competitor when the next cycle arrives.
The essence of long-term investing is actually investing in a project's resilience in weathering cycles. It's not betting on price appreciation, but betting on how far this team and this direction can go. From this perspective, projects that are still doing real work during bear markets deserve a closer look.