Solana was a highly calculated and meticulously planned operation to synthesize a crypto asset hype cycle to allow its backers to recoup their losses, protect themselves from lawsuits, and extract speculative capital from the crypto industry.

The bull thesis for Solana was that its backers would have to pump it to save themselves.  Anyone who bet on Solana at $8 based on this thesis is a genius.  Anyone who bet on Solana for the “community” or “real projects” or “casino” theses is retarded and got lucky but was wrong.

That’s why Solana is dumping to zero like every other memecoin.  Solana never had true upward reflexivity because no real capital ever wanted it.   All of Solana’s appreciation was calculated momentum ignition by backers with the cash to guarantee an attention-grabbing pump.

there won’t be a Solana ETF because it’s not a real asset.  Solana was a fake chain inflated by SBF to cynically steal the industry’s capital in the original low float, high FDV scam.

Remilio.