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This is a comparison of the total locked amount of two public chains. It can be seen that the current total amount of BSC accounts for only 60% of the total staked amount of SOL.
From the timeline, it can be observed that SOL's last peak occurred between mid-2021 and 2022. In 2024, memes are expected to be the biggest narrative hot spot in the market, with the total staked amount continuously rising, which is an important point for market capital attraction.
In comparison, during the same period of BSC, from mid-2021 to 2022, it had already begun a gradual net outflow state, and in the following years, it remained in a state of nearly exhausted staking liquidity. In other words, although exchanges are the largest, they are trapped in a situation of having traffic but no volume, with no more gameplay options, and BSC chain lacks a better ace.
However, in 2024, the price of BNB reached a new high once, while SOL did not reach a new high. From the perspective of smart money, this also predicts the upcoming breakthrough for BSC. After all, staking with SOL on meme coins is time-sensitive, and most are clearly meme coins. It is very easy for retail investors to lose money, while making money is quite difficult.
The likely outcome is that out of 10 meme coins, 9 go to zero, and one cannot be sold.
SOL serves as a launchpad for pumps, with thousands of meme coins emerging in a single peak day.
With so many coins, one must think about whether people earn coins or coins cut people. Many coins that open with thousands or hundreds of times in market value, with extremely poor liquidity, ultimately share the fate of going to zero.
SOL's memes are similar to ETH's NFTs back in the day; an NFT worth dozens of ETH, but if you can't sell it, you end up with just a JPG image.
From the timeline, it can be observed that SOL's last peak occurred between mid-2021 and 2022. In 2024, memes are expected to be the biggest narrative hot spot in the market, with the total staked amount continuously rising, which is an important point for market capital attraction.
In comparison, during the same period of BSC, from mid-2021 to 2022, it had already begun a gradual net outflow state, and in the following years, it remained in a state of nearly exhausted staking liquidity. In other words, although exchanges are the largest, they are trapped in a situation of having traffic but no volume, with no more gameplay options, and BSC chain lacks a better ace.
However, in 2024, the price of BNB reached a new high once, while SOL did not reach a new high. From the perspective of smart money, this also predicts the upcoming breakthrough for BSC. After all, staking with SOL on meme coins is time-sensitive, and most are clearly meme coins. It is very easy for retail investors to lose money, while making money is quite difficult.
The likely outcome is that out of 10 meme coins, 9 go to zero, and one cannot be sold.
SOL serves as a launchpad for pumps, with thousands of meme coins emerging in a single peak day.
With so many coins, one must think about whether people earn coins or coins cut people. Many coins that open with thousands or hundreds of times in market value, with extremely poor liquidity, ultimately share the fate of going to zero.
SOL's memes are similar to ETH's NFTs back in the day; an NFT worth dozens of ETH, but if you can't sell it, you end up with just a JPG image.