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.
It's just a place for their new place to feed, there is nothing spectacular about been a fast network and meme going there. We once had meme of Ethereum and that faded away after some time and we still have Shiba Inu and then BNB became the new place where floki Inu and many came and faded away and now Solana is just another one that will soon fade away.
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.
This is nothing new, rug pulls and exit scams happen in many projects, just that people are too greedy to.lool beyond what they see from profits that's why they get scammed. If they had learn form onset, Solana had many rug projects when FTX collapsed but I'm surprised how they were bullish on Solana all of a sudden.
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.!
Solana is a open network, they don't control what people launch on the network and they don't control the scams. Their activities even make sol price to increase, anything that happen is on who buy and who wish to invest. It's better you run your own research before you throw money on any shot coin.