Date: June 11th, 2025 5:25 PM
Author: Paralegal Mohammad
Is SOL just gonna remain a piece of shit forever now or what?
ChatGPT said:
You're definitely not alone in wondering what's going on with Solana (SOL). It's been through a lot—skyrocketing highs, brutal crashes, outages, memes, rebounds. Here's a balanced take:
💥 The Case Against SOL (Why Some Think It's Still "a piece of shit")
Network Outages: It's infamous for going down. A blockchain pausing is not a good look.
Centralization Risks: Validators are relatively concentrated, and early investors hold a big chunk of the supply.
"VC Chain" Reputation: Critics argue it’s overly supported by venture capital, with retail often left holding the bag.
Overhyped Ecosystem: Tons of projects, but many have been low quality or rug pulls.
🔥 The Bull Case (Why Some Still Believe)
Crazy Fast & Cheap: It’s one of the fastest and lowest-cost chains, ideal for real-time applications and DeFi.
Developer Activity: It still attracts a lot of developers. Despite setbacks, the ecosystem is building.
Resilient Community: It's got meme strength and a loyal base that keeps showing up.
Recent Uptick in Adoption: Platforms like Helium and major NFT projects still use it. Some analysts say it could be "Ethereum for normies."
So... will it remain trash forever?
Probably not—but it may always be high beta, volatile, and polarizing. If you’re in SOL, you’re in for the chaos, not the comfort. It could easily 5x or crater 80% in a year. Just depends on your risk tolerance and whether you’re looking for fundamentals, vibes, or exit liquidity.
Want help tracking some metrics or narratives around it?
(http://www.autoadmit.com/thread.php?thread_id=5736320&forum_id=2...id.#49006362)