Solana Weekly #74 - Down Then Up
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What’s up everybody! It’s Thomas Bahamas and you’re here for another episode of Solana Weekly. Banger of a week, ups and downs, with mostly downs. 50 Cent just rugged us, DJT likely fake, Mother still pumping, and actual Solana devs will simply not stop shipping. Chart of the week by the man, the myth Joe McCann: Sol Price: $133.79 SOLETH: .03802 SOLBTC: .0208 Summary: all down, BTC hanging strong while it should be Eth’s party with the ETF news. Breaking news: Compression on the entire state of Solana. Huge because now all costs on Solana, both compute and rent are going to be tiny. This was a huge bottleneck for developers and caused issues - think airdropping a million coins to different addresses used to cost something like 250k, now it’s down to 50. Memecoin disaster - Shkreli, Tate, and Barron walk into a telegram chat. Memecoins take a hit. Cabals, cto’s, breaking up of nft chats over them. Lasting projects - what are the characteristics? Moonwalk- let’s walk through this dip. Been getting 10k steps a day since it released and loving life. Stack this with working out 3-5 times a week and it’s fantastic. Rwa’s - ondo released into drift as collateral, get 5% treasury yield on stables as you gamble. Everyone’s an angel investor now. Ansem sold 11 mill of wif. Canada sol etf! Sphere - live for on and off ramps to public and sick. Ryan salame ex CEO of ftx warning that backpack has shitty lawyers? Get full access to The Dramas of Thomas Bahamas at thomasbahamas.substack.com/subscribe
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