Speaking of SOL, I’ve recently been feeling quite emotional about it. Once the market turns sluggish, all the focus shifts to Bitcoin and Ethereum, the two big players, when they surge in popularity. Especially Ethereum, since the black swan event in October, trading activity has never dipped, even surpassing Bitcoin at times.

Looking at SOL? It really seems abandoned by the market. When the bull market arrives, it doesn’t rise; when the bear market hits, it drops immediately. The decline is lightning-fast, but the rise is always a beat slow. This asymmetric movement makes people feel frustrated.

The key issue is that when liquidity is tight, big investors and institutions only focus on the most liquid and stable assets. Bitcoin is the consensus, Ethereum is the ecosystem, and while SOL is fast and low-cost, it has never gained enough attention during this round of adjustments. Trading volume data speaks volumes — after October, Ethereum’s daily trading volume has consistently outpaced other mainstream coins, while SOL is struggling.

It seems that to make a comeback, SOL needs to demonstrate real strength in ecosystem development or application breakthroughs.