James Wynn: The Solana ecosystem has become a "saturated market," filled with short-term speculators and farming behavior, making it difficult for crypto Meme coins to achieve long-term value.
Jwynn.eth
Solana is a cesspool.
IF I ever create a meme coin it will be on Ethereum.
Solana is saturated and full of jeets. Kids flipping $100 to $1,000. Fair play. But nobody cares about doing the impossible and taking a meme to Valhalla anymore.
Snipers galore. Farms galore. Completely and utterly cabal run.
I believe even FartCoin will go to zero. It is not blue chip. It was and is another ponzi despite the perceived ‘success’.
The ONLY memes that are blue chip in the entire crypto is Doge, arguably Shib but that’s not even a meme, and Pepe.
The rest is junk. And to be honest, is there even any other memes left such as Doge or Pepe? Yeah there’s others, but do they have blue chip potential? I don’t know of any.
I thought goat had it, but dev obvs farmed and now it’s a CTO (not a negative thing of CTO) + Solana jeet chain.
Back in the day communities would form and regardless of BTC / ETH price movements they would still have continued success.
Memes are dying. Except blue chips.
Unless we see rate cuts (likely) and new ATHs Q4 which brings in retail and FOMO
Until then, memes are dead.
Work in silence, build, trade cautiously.
John van Rijck
Did you know you can recover $SOL from token accounts you’re no longer using?
Here’s how it works: whenever you buy a token or NFT on Solana, the system spins up a token account in your wallet to hold it. Each of those accounts locks up about 0.00163 SOL as “rent” so it can stay active.
If you close the account, that SOL comes back to you.
Now, you might wonder, what happens to the tokens in that account if you close it? The answer is simple: you can’t. A token account must be empty before it can be closed. That means you’d need to transfer or sell whatever is inside first.
For example:
Let’s say you picked up 50 $FARTCOIN. That purchase created a token account in your wallet specifically for those tokens. If you decide to close that account, you’ll first need to send all 50 $FARTCOIN somewhere else (either to another wallet you own or by selling them). Only once it’s empty can you shut down the account and reclaim the 0.00163 Solana.
As for actually closing the accounts, there are tools for that, platforms like Claim Your Sol.
They’ll scan your wallet, show you all the unused token accounts, and let you shut them down to recover your locked-up SOL. Some even let you burn junk tokens and free up the rent automatically.
If you’ve been dabbling with meme coins on Solana , it’s worth checking out. You might be surprised how much you can recover.
For instance, closing 50 empty token accounts adds up to almost 0.1 SOL around $20 at today’s rates. Might make up for the lost profits on the memecoin?
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 6.5K new posts about Fartcoin, driven by 3K contributors, and total online engagement reached 971K social interactions. The sentiment score for Fartcoin currently stands at 62%. Compared to all cryptocurrencies, post volume for Fartcoin currently ranks at 1104. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Fartcoin.
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Posts
6,509
Contributors
2,985
Interactions
970,844
Sentiment
62%
Volume rank
#1104
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Posts
6,244
Interactions
965,302
Sentiment
62%
Fartcoin FAQ
What is cryptocurrency?
Cryptocurrencies, such as FARTCOIN, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as FARTCOIN have been created as well.
Can I buy FARTCOIN on OKX?
No, currently FARTCOIN is unavailable on OKX. To stay updated on when FARTCOIN becomes available, sign up for notifications or follow us on social media. We’ll announce new cryptocurrency additions as soon as they’re listed.
Why does the price of FARTCOIN fluctuate?
The price of FARTCOIN fluctuates due to the global supply and demand dynamics typical of cryptocurrencies. Its short-term volatility can be attributed to significant shifts in these market forces.
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