Deep Dive
1. Liquid Restaking Rollout (Mixed Impact)
Overview: MilkyWay’s restaking protocol, launched in Q4 2024, allows users to stake assets like TIA and LSTs to secure off-chain services (AVSs). While this could increase MILK’s utility as a governance and fee token, slashing risks (currently disabled) and competition from LRTs like StakeStone may dilute upside.
What this means: Demand for MILK hinges on AVS adoption and yield attractiveness. Successful AVS partnerships (e.g., rollup sequencers, oracles) could drive staking inflows, but oversaturation in restaking protocols might cap price momentum.
2. Post-Campaign Volume Risks (Bearish Short-Term)
Overview: MILK’s 136% volume surge to $17.4M on August 6 followed a $250K PancakeSwap campaign ending August 5. Post-event, 24h volume fell 32% to $6.66M by September 14, signaling fading speculative interest.
What this means: Short-term sell pressure could persist as traders rotate to newer incentives. The RSI-14 at 70.07 suggests overbought conditions, increasing correction risk toward the $0.042–$0.045 Fibonacci support zone.
3. Modular Chain Integrations (Bullish Mid-Term)
Overview: MilkyWay’s expansion to BNB Chain and Initia (via Minitia L2) broadens its liquid staking reach. Upcoming Q3 2025 milestones include the Way Card launch, enabling real-world spending backed by staking yields.
What this means: Cross-chain adoption could stabilize MILK’s 11.32% 30d price gain if user growth aligns with modular blockchain adoption. Metrics to watch: TVL in milkTIA/BABY/INIT pools and Way Card user uptake.
Conclusion
MILK’s price faces near-term headwinds from fading exchange incentives but retains mid-term upside via restaking adoption and cross-chain utility. The key question: Can AVS partnerships offset post-campaign selling pressure before Q4 restaking expansions? Monitor MILK’s staking APR and BNB Chain integration metrics for directional cues.