Very weird timeline now. Obviously a huge catalyzing event for Solana but also inherently unstable

80% of supply is held by the team and not yet on the market. Similar tokenomics as the Hawk Tuah coin but with a slower unlock 

With that being said, Solana has clearly won the memecoin game. This will unleash a new wave of retail investors and celeb coins, but also bring many new grifts and scams 

My initial takeaways: 

- don’t ignore Solana, it’s where most retail investors are. We’re probably about to see more attention on crypto than ever. But proceed with caution

- Keep betting on builders who are building real products. Attention will be sucked up by Trump in the short term which means there will be a lot of opportunities to double down on promising projects. Most of those are still on Base

Doubling down on this 

Ignore the noise. Bet on builders 

And most of the builders are still on Base

building @emptyblock / art, music, onchain data / prev director of research @coinmetrics

Stay focused and trust in the hardworking individuals who are driving progress