You're overthinking it, this round of the bull market for SOL will definitely dazzle you! Additionally, just to add, not everything on SOL is memecoin, DEFI, or AI; Depin is also quite impressive.

Why is $SOL weak recently? I personally think there are several reasons:
First, the ETF has not been passed, and the probability of passing in the future is not very high, which is the biggest reason;
Second, in terms of public chains, Ethereum and Sui are relatively strong, especially Ethereum has attracted a lot of funds, and a lot of large funds have been transferred from Sol to Ethereum, which is the biggest indirect reason;
Third, the current ecosystem of SoL is mainly meme. Since CZ criticized meme, there have been a lot of reflections in the industry. The current strength of meme is because everyone is avoiding VC coins, but to be honest, meme has no innovative contribution to the industry, nor has it increased wealth, it is just redistributing wealth, just like gambling, it’s all about luck, and only the platform can make a lot of money (only casinos can make a lot of money in gambling), and now meme can rise now, and it also needs a core figure to call orders, and this person buys at a low price in advance, which is actually getting closer and closer to VC coins, and pure retail investors can hardly rise. If it is a small batch of memes, it is understandable. If the entire chain is memes, it will be difficult to continue in the future. Finally, I hope that SoL can innovate products like Defi and NFT that contribute to this industry, instead of just memes$SOL