Is vul overvalued?

Could you elaborate on why some people might be questioning whether VUL is overvalued at the moment? Have there been recent developments or market trends that have sparked this conversation? What factors do you consider when assessing the valuation of a cryptocurrency or financial asset like VUL? Is there a specific metric or benchmark that you use to determine if an asset is fairly priced or not? Ultimately, what's your personal take on the current valuation of VUL and its potential for future growth?