Rug pulls... Allegations against creators and influencers creating meme coins powered by Solana... Developers abandoning a project after pocketing investor funds... The monthly transaction fees spend on SOL are at an all-time high... The rise of dissatisfaction of participants looking for quick profits in the Solana casino won't stop...
All this overrides every fundamental partnership and achievement of the whole blockchain ecosystem and leaves a sour taste in the crypto community's mouth.
More and more people seeking out for longevity: roadmaps, partnerships and active development, and especially third-party code audits regarding red flags in meme coin projects.
Big investors and institutions took profit at the double-top and swapped to other blue-chip coins like ETH or BNB which on-chain activity has just risen steadily over the last weeks while becoming the more safer bets for the upcoming bullrun.
This dump of SOL is just the beginning of what is to come and it just depends on how fast it's gonna come down.
All this overrides every fundamental partnership and achievement of the whole blockchain ecosystem and leaves a sour taste in the crypto community's mouth.
More and more people seeking out for longevity: roadmaps, partnerships and active development, and especially third-party code audits regarding red flags in meme coin projects.
Big investors and institutions took profit at the double-top and swapped to other blue-chip coins like ETH or BNB which on-chain activity has just risen steadily over the last weeks while becoming the more safer bets for the upcoming bullrun.
This dump of SOL is just the beginning of what is to come and it just depends on how fast it's gonna come down.
Note
Note
ETH season is starting.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.