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郑伟 Zhang Wei crypto
SOL fully retraced its recent pump.. and the reasons are pretty obvious.
2 things that carried Solana this cycle were speed and retail mindshare.. neither is a moat anymore.
memecoin attention is moving across Robinhood, BNB and Base, while newer chains can offer the same cheap and fast experience.
Robinhood is also coming directly for tokenized stocks.
and perps mindshare is already owned by Hyperliquid.
Solana has $15.5B in stablecoins, yet its entire perp ecosystem did $8.9B
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