From the outside, the Memecoin world on the Solana blockchain looks like a non-ending party. New projects are launched every day, there are communities in social media, and everywhere you hear stories of people who suddenly become crypto millionaires.
But behind the beautiful facade of the Memecoin world, not only the millions, but also the abysses of extreme losses, into which the newbies rush regularly, such as Bloomberg shown.
Ainvest has emphasized that Solana, which was once praised as the future of a more open financial system, has now become a fertile soil for torn, semi-silk advocates.
The speed of the transactions and the low fees, which initially considered advantages, are now wrong with those who know how to play “dirty”. Starting with rug pulls, the tokens who knows where to go, right down to sniping techniques with sophisticated bots that do not give normal dealers a chance.
What makes this problem even more complicated is the existence of closed groups, so -called “Trading Cabals”, which seem to master the game. You have early access to the market launch of tokens, know exactly when you have to get in and out and benefit from the dynamics that you create. So if you feel that you always get to the party too late, that’s probably true.
Imagine you go on the market to buy fresh fruit, and then you have to find that all good things were bought up by a secret gang that knows when the dealers open. You have to be satisfied with the remains of who knows what quality. So it is when you enter the world of Solana-Memecoins without relationships or experience.
At first glance, the numbers on the CoinGecko-Dashboard have a tempting effect. When writing this article, the market capitalization of the memo cinema in the Solana network is $ 7.69 billion-an increase of 3.4% in the 24 hours before.
The best known names include Official Trump, AI16Z and Melania Memecoins who have experienced a short popularity boost due to their connection with public personalities.
However, this increase does not always lead to long -term success. As CNF reported, the Solana transaction fees have dropped to 53,800 sol, the lowest level since September 2024. The activity of the network has also declined drastically.
Validators, who used to earn around $ 62,000 a day with transaction information on Jito, now only earn around $ 11,300. This means that the former enthusiasm now begins to disappear, at least as far as use is concerned.
The problem is that most of the first entrants in crypto do not recognize that the system is designed in such a way that only a few benefit. Token are launched according to a scheme that enables the initiators and their partners to control most of the offer from the start. If the course has increased high enough due to the usual FOMO effect, they simply sell to the higher course achieved to date. This floods the market and the course rushes down again in no time.
The small investors observe the whole thing with an open mouth, are your money and then hear: “Sorry, that’s how it is with risk systems”. If this happens once or twice, you can call it bad luck. But if it always happens? Then it’s a pattern.
Even if there are many honest projects and sincere communities, it is undeniable that most of the current market movements are more likely to be determined by word -rich stories than by fundamental data. Within a few hours, someone can create a token, give it a memorable name, generate a hype in social media and thus possibly make a fortune.
In the middle of the flood of new tokens and bombastic promises, it is important to stay skeptical and not to be carried away by the euphoria of the Greenhorns. If something sounds too good to be true, it is not true in most cases.
This does not mean that all chances for Solana should be avoided. Just don’t assume that you will play in a fair market. The reality looks like most projects are carried out by people who know the game inside and by heart, and they want to win it. You don’t care whether you also win.
So before they are drawn from Fomo to the abyss mentioned, you should pause for a moment and ask yourself: “After a careful consideration, I invest from free decision, or did someone manipulate me to make this decision?
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