Maybe,
maybe not.
Meanwhile, Solana VCs
joke about dumping their SOL bags. Maybe they dump, maybe they don't, but even the full clip of them discussing Solana tells you everything you need to know--that they don't know much about the project beyond the "it's better than Ethereum" narrative. Smug billionaries profiting from indirect investments in SOL isn't my idea of a solid investment, but what do I know? Absolutely nothing. Just a bad gut feeling and nothing more. Like I said, there's probably still a lot of money to be made on SOL, but I'm staying out of it with zero regrets if it actually does overtake ETH or BTC.
Edit: there is also some
recent discussion [on old news] about Solana misrepresenting the initial total circulating supply (~8M) when in actuality it was closer to ~21M with roughly 13M hidden away in a wallet, meaning roughly 60% of the actual circulating supply was hidden from public view and only addressed by the team
after its discovery. They apologized and promised to be more transparent "next time." Not a good look, IMO.
Again, I'm re-iterating that even DOGE, SHIBA INU, and AKITA INU can make you a lot of money despite their limited uses. Curious to see what happens in the next few years and to re-visit this thread after the next bear market is in full swing.