The recent market movements of #加密生态动态追踪 FHE are quite interesting—gains exceeding 200%, driven by real fundamentals. Just look at the trading volume; the trading activity and circulating market cap are nearly 1:1, indicating serious participation from funds, a typical phase of price discovery.

Why is it rising? The core logic is that Mind Network has linked the Pippin ecosystem resources with FHE. Through a staking incentive mechanism, the token retention rate has increased, and they are officially entering the Solana and AI Agent hot sectors. This strategic deployment definitely shows some planning intent.

From a technical perspective, FHE is positioned as infrastructure for AI privacy computing. It has already completed official integration with DeepSeek, which means there are real application scenarios supporting it, not just theoretical discussions. Short-term volatility will likely be intense, given the rapid rise. How far it can go in the medium term depends on how well the ecosystem can truly land and how long this staking incentive can be maintained.

For now, the trend remains intact, and FHE is still within a market re-pricing window. Keep an eye on the progress of the Pippin ecosystem and collaborations within the Solana ecosystem.