On January 15th, Starknet, a Layer 1 blockchain, suddenly surged in popularity. The catalyst was a top-tier blockchain's official tweet pointing out that Starknet has only 8 daily active users and 10 daily transactions, yet its market cap has reached $1 billion. Once this statement went viral, the crypto community exploded. Some saw it as exposing inflated metrics, while others viewed it as intentional deprecation.

What's more interesting is what happened next. Two major whales caught wind of this controversy and, with keen market instincts, positioned themselves for counter-trades—one whale labeled "counterfeit short army leader" and another address beginning with 0x023 both went short on STRK with 5x leverage. They pinned their average entry price at $0.0897, and have already partially taken profits and exited.

Rewinding a few hours, these two whales' moves had already started showing results. The overall return rate calculated to approximately 15%. It appears that this market sentiment fluctuation was precisely captured. The key takeaway is that the underlying issue reflected here deserves consideration—how should the balance between a blockchain's actual activity metrics and its market valuation really be struck?