Fascinating to see Eth slowly collapse, with only the truest of believers remaining faithful, and the rest of those chasing the "next hot thing" moving from Eth to Sol / BTC.
Is ETH really collapsing? I mean it is a shitcoin that has been slowing losing its hype and getting dumped. But the centralized authority behind it has millions of dollars (scammed over the years by selling people garbage) to pump into it and keep it alive.
And why do you claim people have moved from one shitcoin (ie. ETH) to another shitcoin (Sol) all of a sudden?
To me it sees clear, that BTC has won the global store of wealth / defence against declining fiat narrative.
The thing about bitcoin is that it does what it promised. It provided people with a decentralized censorship resistant payment system. That is why it has been greatly successful.
Conversely ETH is a failure because it promised big things and none of those things came true. From their "decentralized computer" lie all the way to "cheaper than bitcoin" lie.
So, that leaves ETH (once touted as an "alt" to BTC's core function, with that battle totally lost,
They never said "BTC's core function" since Bitcoin is a currency while ethereum is a token creation platform. They said "replacement".
And for your information at least a dozen shitcoins have made such claims. It wasn't just ether pumpers.