The solana blockchain has a lot of supporters hence why every project released on it seems to have “potential” even if in reality they really do not have. It’s a matter of credibility and confidence that these investors have.
Solana has been releasing memecoins left and right and people who can not identify red flags will surely miss them and be blinded by its name. Even though the blockchain it was launched on to has had successful projects not all of them would be.
Solana has been releasing memecoins left and right and people who can not identify red flags will surely miss them and be blinded by its name. Even though the blockchain it was launched on to has had successful projects not all of them would be.
"Solana has been releasing memecoins left and right"
Fun fact: Any person savvy enough can create their own tokens on literally any trustless layer-1 blockchain with smart contracts like Solana. It's literally no different with Ethereum. Solana just became memecoin land simply because of the cheap tx fees.