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Machi is trading at 2x its previous levels, yet the market still hasn't fully priced in its potential. The underlying mechanics mirror what we saw with Whitewhale—a similar narrative structure, comparable tokenomics, and the same fundamental drivers. From a valuation standpoint, Machi appears to be trading at a discount relative to its peer projects in the same category. The risk-reward setup suggests more upside room, especially if the broader market recognizes the parallel dynamics between these protocols.