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.!
You shouldn't be surprised by that, because that's normal in any network operation, because not all utilities in a network are all successful coins that are inside the network itself. They can only be affected if they all work hard to pump because SOL is rallying the market.
But most of them for sure will also decline after the pump that they do because they are just going along with the trend or hyped up in the market. That's why, to be honest, many people are in a hurry or fall into such a trap.