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This is not the first time Solana is suffering from congestion. SOL developers are working on patching the network, citing spa transactions are to blame. Due to the rise of meme coins on Solana, bot activity has increased.
The bots prioritize their trades over average users, which clogs the network.
However, despite the negative effect on the chain, SOL-based meme coins remain resilient. Dogwifhat and Myro who have already established their presence are clinging to their gains.
The demand for SOL-based meme coins is ongoing. A great example of this is Slothana. One would think that investors would flee from a chain that cannot finalize transactions promptly.
However, Slothana has raised $10M so far with more individuals joining the presale. It demonstrates that despite all, meme coins have a substantial market and high demand.
Investors from traditional markets such as stocks and options may argue that meme coins are nothing but a trend that will eventually pass. The performance of past and present meme coins shows that this market is here to stay.
It is important to highlight that meme coins are prone to high volatility. Large price swings such as 20% and even 30% in less than 24 hours are common.
Today, I would like to offer you the opportunity to observe how graphic designer Andrea Antoni (previously featured) interprets the world through the use of Pantone colors. Everyone has a different point of view on the world.
Ever find yourself flipping through a magazine, scrolling through a feed, or just walking down the street when suddenly an ad makes you do a double-take? Not just any ad, but a clever and honest ad that grabs your attention, tickles your brain, and maybe even makes you chuckle. That’s the power of brilliantly clever […] More
So Far, So Fast Pulp Literature Issue 42, Spring 2024 features the work of Leanne Boschman, Pattie Palmer-Baker, and Marri Champié — the winner and runners-up of […]
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