MMT, supported by MiCA-compliant infrastructure, a revenue-generating DEX, CLMM liquidity design, and rapidly increasing veMMT lock rates, is entering true value discovery. The protocol has already generated millions in trading fees, creating a real economic base that can support long-term token appreciation. Price currently sits near historical lows, with selling pressure fading while demand slowly rises through locking incentives.

Bull case: As the Sui ecosystem expands, TGL launchpad adoption grows, and liquidity deepens, a strong multi-month rally becomes possible.

Cautious case: Sideways accumulation followed by a gradual, volume-driven uptrend.

Sources: MiCA Whitepaper, MMT Docs.