image by Andrew Martin from Pixabay
The way everything is going on in crypto nowadays is quite bad because people are frustrated trying to extract maximum value from the ecosystem and giving back entire profits to some scammers.
At this point everyone with altcoin bags want others to buy their bags which is something not happening but in solana ecosystem people are happily losing money.
The Scamfluencers in Solana making everything ugly in ecosystem
Nowadays there's so many scamfluencers on solana chain launching their own tokens and scamming the community.
plenty of scamfluencers like onlyfan models or Andrew Tate and other ones are so actively trying to milk every SOL in that chain.
Most people don't even have any idea how worse it is for Solana and they're buying those shitcoins in hope of making gains.
This is how they're scamming millions
The way Andrew Tate is scamming his followers and crypto community involved in Solana is they've sniped token from launch using multiple addresses that aren't directly related to his main wallet.
And than he have bought and revealed publicly the amount of tokens he hold and so far he's larping that he'll burn all those tokens.
Convincing everyone to buy as much tokens as possible meanwhile later at some point he'll dump all those tokens he bought from other addresses and no one will say or do anything about it.
Launching Multiple Coins
Now there's some onlyfans model launching coins every then and now scamming people through a simple coin.
They're literally making tokens after tokens and people are buying than they're selling. It's the easiest million dollars they're making and no one is going to get arrest.
image by Sergei Tokmakov, Esq from Pixabay
I was trying to understand how these people are buying more and more coins launched by the same person where they got rekt first and going to fall for it another time
And than I realised this is the same crypto who did same thing with ben.eth. he made millions launching coins and disappeared.
The End of Solana Eco Like NFTs
I remember the peak bull run and NFTs were at it's peak when these celebrities started launching their own collection and people bought spending hundreds of ETH on one NFT.
All those NFTs eventually went to zero and NFTs turned into a complete ghost town after all that value was extracted by some celebrities.
And now Solana Ecosystem is at it's dead end where celebrities and influencers are extracting maximum value and it'll dry up every single degen who's willingly losing money.
Wrapping Up...
In the end I've to say that it's not the good time for me to be anywhere around SOL. The best time for SOL memecoins saga was first quarter of this year.
Now I'll have to say goodbye to Solana and won't ever come close to it unless all these influencers find something else.
fin.
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