Many people believe they can become millionaires quickly by trading meme coins on $SOL, but that trend is over. Now, only KOLs (key opinion leaders) and influencers are making money, while average people are losing.
A few people manage to profit from a few meme coins, but they lose more on others. We’re stuck in a cycle, seeing only influencers post about making $200k or $500k, while insiders and a few developers profit from trading meme coins on Solana ($SOL).
It’s time to stop trading meme coins or following KOLs. Even if you gain $500 on one coin but lose $100 on another and $200 on the next, you end up in a loop of gains and losses, which often leads to a net loss. Meanwhile, influencers keep posting about massive gains.
I urge everyone to stop trading meme coins and start focusing on utility coins. If Trump wins, utility coins could potentially explode in value.