I am gradually swapping $SOL to $BNB !
As I shared in previous posts, I clearly feel a lack of trust and disappointment while holding SOL for a long time.
Recently, as the price of SOL keeps decreasing, I have sat down and delved deeper into it and drawn many points that I think are red flags:
-SOL is in the process of transitioning to better meet the actual needs of the financial system, something that ETH has been doing very well, this process is not easy and cannot succeed quickly overnight, it takes time and resources, however, this is inevitable, as crypto gets closer to the traditional financial system, SOL cannot just be a meme casino forever.
-As mentioned above, this meme season on Solana is at a level that ordinary people cannot reach, let alone make a profit; it only exists for a few minutes, then rugs, no longer the billion-dollar, tens of billion-dollar memes as before, the factors that made Solana soar last season are no longer there, exemplified by the $PENGUIN , also very trendy but has not achieved much success.
The memes have faded, the vitality and main revenue source are gone.
