Solana: Emperor's New Clothes or Wall Street Manipulation? 🔥
Some people say that Solana is like a modern version of the Emperor's New Clothes. With the collapse of LUNA and the heavyweight advancement of Ethereum, only the second-layer public chain SOL can be highly controlled. Since last year, SOL has been pulled up and activated the entire market. However, although the number of newly created tokens is increasing every day, the total number of addresses holding coins is gradually decreasing, which shows that the number of holders of each new token is declining sharply.
🤔 The question is: Is it really beneficial to the development of the ecosystem to issue MEME coins like this? The ecosystem could have been well developed, but it was dragged down by a large number of MEME coins. In the end, will SOL be swallowed by the bubble it created?
🌐 Let's take a look at the ups and downs of the TON public chain:
TON was originally called GRAM and was launched in 2019, but its issuance was postponed due to the SEC's restriction order. In 2021, the open source development team NEWTON restarted the ecosystem and named it The Open Network (TON).
The story of TON tells us that even after going through the storm of regulation, a project still has a chance to make a comeback. But will SOL become the next "king" eliminated by the market like LUNA?
