Solana is now in an awkward stage. Ecological development is weak, homogeneity in the DeFi field is serious, and staking and lending protocols are rampant. Although Meme tokens were once popular, the proliferation has brought about the dispersion of attention and funds, which ultimately led to a significant reduction in the effectiveness of Meme tokens-success without a threshold is almost impossible.
From the price point of view, SOL's weakness has also become obvious. In the past, SOL has been strong in its performance against BTC, especially from the beginning of 2023 to March 2024. However, since March, the SOL/BTC exchange rate has repeatedly tried to break through but failed. $SOL is no longer a strong coin against BTC.
Coupled with the selling pressure brought by the future OTC unlocking, $SOL is no longer the token that my chairman focuses on holding, but just a mainstream target in my investment portfolio. 🔄📉#Telegram创始人获保释 #RDNT #SUN #PEOPLE #MDT/USDT $RDNT $SUN $MDT
