Solana, Memecoin scandal has been shaken recently. Solana, who had a difficult time with the Libra Coin scandal, continued to find faith in the market. Analysts say that interest in Ethereum can increase when fury memecoin decreases.
Although Solana is called “Ethereum killer”, he has faced serious difficulties because of recent Memecoin scandals. Specifically, Libra Memecoin Scandal, began through Pump.Fun, has greatly bloted Solana's reliability. This event adversely affects investor awareness and creates question marks about Solana's future. However, Solana showed a large increase in income by 2024 and during this period, the Memecoin craze increased the revenue of the platform.
Solana's income is increasing
According to Messari's report, Solana's income increased 213 %in the fourth quarter of 2024 and increased from $ 268 million to $ 840 million. However, most of this increase stems from the Memecoin fever. Although Solana experienced a significant growth in the DEFI field in 2024, the legal and ethical issues that the network faced could shake the trust of investors. Specifically, the Libra scandal and the allegations of fraud behind, damaged Solana's image.
Competition continues Although Solana continues to be one of the strongest competitors of Ethereum, the scandal seems to have affected investors' awareness. Issues like Pump.Fun and Lıbra can prevent Solana from developing and causing investors to switch to Ethereum. However, Solana's future is still not sure and continues to be an important player in the Blockchain world.