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.!
What do you expect the Solana developers to do? What we are seeing here is the same we have seen on the ethereum network for years, ethereum is a good enough coin for short term investment, but if you invest in any of the coins running above it you are taking a massive risk.
And the same holds true for solana, so if you did not wanted to be scammed by meme coins, maybe it would have been a good idea to avoid them completely, which is what a great deal of the members of the community do already.