From my research I found out that Solana is referred to as high-speed blockchain network, but recently, from my experience it has been for entirely different reason, the network has being at the heart of an unprecedented meme coin frenzy.
Several meme coin projects I bought on Solana has rugged me my hard earn money and a lot of projects are succumbing to rug investors and crypto lovers.
Yet Solana Blockchain network is paying insipid attention to it or no process of verifying a real project before launch. They give room for every one to launch on their network where by bringing fake or scam projects onboard. And I begin to think otherwise, if they really don't know about all this scam projects.
I stand to be edify as I'll be looking out for your opinion in this thought.!
Question is, did you assume that most of them wouldn't be abandoned? Because i thought it would be common knowledge that happens with every new hyped thing. People who get lefts with the tokens are new bag holders and suckers that bought from last victims.
And it's not about sol. It's about latest trend. It could happen with any chain out there that's being hyped. And it has happened to eth and bsc a lot. SOL is just a latest dumpster fire people are pouring their money into, while hoping that they found that one gem that isn't immediately abandoned. No one who has been in here for more than year seriously believes any of these projects. They are only hyping them to get others buy their bags for profit. It's a silent agreement among shillers, everyone is just looking for right point to exit. Sooner is often better than later. Minus the unicorn rockets that these investors are leaving small moonbag for.