Can Ethereum Price Hit $10K As Investors Speculate on Solana’s Implosion?
The post Can Ethereum Price Hit $10K As Investors Speculate on Solana’s Implosion? appeared on BitcoinEthereumNews.com.
Ethereum price will likely embark on a parabolic rally after months of lackluster performance as Solana (SOL) ecosystem meme coins become extractive, where only insiders make money. Can the ETH price hit $10K as investors speculate on Solana’s implosion? Ethereum Price Revival Closer As Investors Speculate Solana’s Implosion as Meme Coins Become Extractive With meme coin mania hitting peak levels, Solana has become the go-to blockchain for launching meme coins. SOL’s value received a massive boost in 2024 and early 2025 due to the meme coin hype and Solana being the only competitor to Ethereum. Lately, the developments surrounding nation-states and top influencers launching meme coins that almost always crash 80% to 90% have caused a bad rep to the Solana ecosystem, which many suggest could lead to an implosion. Under such circumstances, Ethereum’s popularity will skyrocket. Can this push ETH’s value to hit $10K? Popular Coinbase supporter CBDuck added, “Another 87M extracted out of solana ecosystem. At this point, I don’t think ETH builders are worried, they are just patiently waiting for this imbalance of economical output vs. extraction to implode.” Another influencer, Lexaprotrader, said Solana and its ecosystem might be “headed to zero now.” “Three extremely extractive launches in a row. I can’t imagine a more bearish series of events. We basically have the leaders of the ecosystem acting like Sahil on steroids.” MoneyLord, a user on Twitter, also noted a similar take, saying that “Solana” was becoming an “extraction chain.” According to the investor, Solana “has no future.” With such bearish sentiments from investors and many investors losing money within a few minutes or hours, this Solana meme coin meta will likely end soon. X user with screenname ‘Palis’ added that the only way the meme coin meta would end is if the Solana ecosystem gets more…
Filed under: News - @ February 15, 2025 9:16 am