Playing SOL is about the thrill; sharp rises and falls are common, but don't be blinded by speed!

My painful lessons.

Last March, I jumped into the SLERFSolana ecosystem meme coin with market enthusiasm, and at that time, I saw it rise by 300% in a day. In a moment of impulse, I directly invested 5,000 SOL, which was about 1 million dollars, to catch the bottom. As a result, just after buying, the price was cut in half. I held on for two days and ultimately lost 770,000 dollars.

No matter how fast Solana is, ecosystem projects can also crash; high-leverage contracts can earn quickly but can also liquidate faster. Just look at the wave of 570 million dollars in liquidations across the network last March, with SOL taking a large share. When meme coins pump, the whole network shouts to buy, but by the time you enter, the dealer has already run away.

Solana is indeed fast with tens of thousands of transactions per second and cheap fees of a few cents, but 'fast' is a double-edged sword: chain games and meme trading don't require waiting, making it suitable for high-frequency trading, but it has a history of outages and network crashes multiple times last year, and the node threshold is high, making it inaccessible for ordinary people.

Price rollercoaster, the dealer controls the market fiercely.

In March, it surged to 260 dollars, then dropped back to 140 dollars in May, specifically targeting retail investors who chased the price: addresses holding 1,000-10,000 SOL in Solana have decreased by 15% this year, clearly pulling out while pushing up.

The ecosystem is bloated, relying entirely on memes to prop it up.

The TVL locked amount is only a fraction of Ethereum's; real users are trading dog coins BOME and WIF: Firedancer's upgrade is being hyped (claiming to resolve outages), but before it materializes, it's just hot air.

Opportunity.

The SOL ecosystem has many dog coins, and when a bull market comes, it can go crazy; for reference, BOME increased 100 times in a month.

Visa wants to use Solana for payments; if it happens, it would be a big benefit.

After dropping to around 120 dollars, institutions may be buying the dip from last year's bear market low.

Risk.

There are still a few million SOL unsold during the bankruptcy liquidation, ready to crash the market at any time.

After the Cancun upgrade, transaction fees decreased by 10 times, and Solana's 'cheap' advantage is gone.

If the U.S. imposes a crypto tax, high-volatility coins like SOL will be the first to suffer.

Newbies, don't touch contracts: after seeing too many liquidation cases, 99% are losses. SOL's technical foundation is not bad; when it drops below 100 dollars, you can buy in batches but don't go all-in on SOL. BTC + ETH + cash is the way to go. Remember, there are no gods in the crypto world, only survivors.

Are you stuck? When to buy the dip? Still the same saying, feeling lost and helpless not knowing what to do, tap on my avatar to follow me. I need fans, and you need references; guessing is not as good as following.