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Everyone has finally realized one thing: it's not that no one wants to trade meme coins / landdog coins, but that most people no longer want to play on Solana.
The market cap of ASTEROID on ETH: 170 million USD.
On SOL: 2 million USD.
Why is there such a big difference? The reason is actually very clear.
Everyone is really tired of Solana's "involution trench culture." Everyone knows that whenever a somewhat decent coin pops up on Solana, the result is PVP (players cutting each other), regardless of the project, no one is willing to hold it for more than 10 seconds.
The whales' attitude is also very clear: they prefer to throw their money elsewhere rather than touch tokens on SOL, as the risk-reward ratio is simply not worth it. The market and big players want a coin that can run, and they choose chains outside of Solana.
Ethereum hasn't produced a meme coin that can really run for a long time. But over the past six months, coins that have appeared on other EVM chains (like BASE and BNB) have actually performed better than those on Solana.
Some people will say, "Coins related to Elon should be on ETH," so ASTEROID performs better on ETH.
But if it were really that absolute, then why haven't the thousands of Elon-related meme coins that have recently emerged been discussed in that way? (I'm genuinely asking)
Unless there's a change, Solana's culture is rapidly declining.
Personally, if I see good opportunities on Solana, I will still trade. But everyone reading this article should also keep an eye on SOL, BASE, BNB, and ETH, and be ready to seize emerging opportunities at any time.