Solana Tanking

https://decrypt.co/114767/solana-plummet-week-amid-ftx-collapse

Solana is tanking and there's no sign in sight why it shouldn't drop further. Solana is a VC backed coin. in other words its pretty much crap. These coins are artificially pumped and owned by rich people. There is no real organic community there's just pump and dumping. These coins come with ponzinomics attached to them and investors are unaware of how much is privately owned. These ponzinomics are what temporarily pumps a price but at some point the big boys will dump on you. Buying in on an artificially pumped token is what usually wrecks investors. The hype VC's can bring to a coin can allow for unknowing investors to pile in without being aware of the tokenomics behind the coin. When investigating a token it's best practice to find out the tokenomics. The vision could be great but tokenomics matter.
#solana #vc #cardano #nft

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