From the current development status of the APT ecosystem, without significant progress in application breakthroughs, the impact on token prices will be quite limited.

From a fundamental perspective, the level of ecosystem prosperity does not have a linear relationship with the token price. Unless there is a qualitative leap in the application layer—such as a significant increase in activity, trading volume, user base, and other indicators—relying solely on market expectations is unlikely to sustain optimism.

This also explains why many traders adopt a short-selling approach. In the absence of strong fundamental support, participating in the market through short-selling and risk control can be a rational choice. After all, the market is always tested between growth expectations and reality.