$SOL This wave has truly been hijacked by memes. When it was pumped up, everyone was praising how powerful the SOL ecosystem was. Now that the meme has cooled down, SOL has followed suit.
To put it bluntly: SOL lacks its own fundamental support and relies entirely on speculative sentiment. Whether it's DeFi or NFTs, nothing of real value has been created. Now that everyone has realized that memes are just a game of passing the buck, the funds have naturally withdrawn.
Following the market trend is actually a good thing, at least it proves there is some correlation. What’s scary is if even the market can’t support it, then it’s really over. At this stage, SOL is basically just a high-beta version of BTC, lacking any independent value.
Is this yet another story of an AI oracle? An 88% drop already says it all: the market's true attitude towards this "underlying technology."
Multichain technology will basically be standard in 2024, not some kind of moat. The real issue is that most of these so-called AI oracle projects often fail to ensure even basic data accuracy, let alone any "core utility."
Price is the most honest voting mechanism. An 88% drop from the peak is not a technical adjustment; it’s the market voting with its feet. At this stage, unless there are real application scenarios implemented, this kind of narrative-driven project is basically waiting to die.
What the market wants now are things that can be directly monetized, not future visions in PPTs. If APRO truly has a technological advantage, then it should present actual revenue data to prove it, rather than just making grand promises.
