Solana volume has almost never been as low as today.
Even lower than when $SOL was trading at $12.
The real reason and problem for the entire crypto space?
Due to Pumpdotfun the liquidity has been entirely sucked dry.
They made $100m+ in revenue and this DOES NOT reenter the space.
It takes 1 click and 2$ to deploy a meme on PumpDotFun and scammers are having a blast!
Even yesterday there were 5000+ tokens created.
Out of all of them barely anything made it to a $1M market cap.
We are currently seeing competitors launching on various other chains and this is NOT good.
People gamble all of their capital away and this doesn't come back.
"THE HOUSE ALWAYS WINS* and it's currently making a fortune!
Quality memes aren't necessarily the problem.
It's the ease of making and scamming others with it and traders always pay the price.
(where did the $100M revenue comes from you think? Not just from pvp, it's going to the house)
