Solana’s reliance on memecoins threatens long-term growth as Ethereum gains strength through layer-2 expansion.
Key takeaways:
SOL/ETH has broken below a rising wedge pattern, signaling a potential 40% decline.
Solana’s memecoin revenue has collapsed since April, weakening its core value proposition.
The Dragons will now have a chance to qualify for next summer's tournament through the play-offs
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