Zhu Su, co-founder of Three Arrows Capital (3AC), posted on X that "it's time to go all-in on ETH. Vitalik is using static braking to wait for the enemy's body to float by with the water."
According to Lookonchain statistics, in the past 7 days, the stablecoins (USDT and USDC) on Ethereum have increased by $1.1 billion, while the stablecoins (USDT and USDC) on Solana have decreased by $772 million.
This may be related to the Meme on Solana.
Frank of Panews believes that when the issuance of MEME coins becomes a mathematical probability game, and when "community consensus" is forged in batches by industrialized water armies, the end of this carnival may have been doomed.
It can be said that the MEME coin track is changing from a casino where everyone is looking for angles to a hunting ground for technology and main forces against ordinary retail investors. It may be difficult for users to see the routines of RUGs sometimes, but as the actual losses gradually expand, more and more users are reluctantly withdrawing from this dark forest.
Therefore, we can see that the trading volume of Pump.fun tokens on Solana has cooled down recently. The average daily trading volume in the past week was only US$560 million, a new low since Christmas 2024, and a sharp drop of 82% compared with the single-day high of US$3.13 billion three weeks ago.
The data on the Solana chain also shows a similar trend. In the past three months, the number of active wallets on the Solana chain reached 7.22 million on November 16, and by February 1, the number had fallen to 3.18 million, with the maximum drop of more than half.
