Crypto Trader The White Whale: SOL's next target price below $200

Wu Shuo learned that the crypto trader The White Whale posted that in the next cycle, he might lower the exit target price for SOL to below $200. He emphasized that "passion is not a sound investment logic," and listed multiple reasons for lowering expectations: the narrative of pump fun and other meme coin casino stories is fading; the Drift incident has dealt a heavy blow to Solana DeFi perception; institutions previously trapped at high levels have made it harder for the next wave of funds to enter; core ecosystem voices are dispersing attention to other chains like Zcash; and key projects like Phoenix are perceived as too basic in actual experience.

Solana co-founder Anatoly Yakovenko responded that the core innovation of DeFi is simplifying financial functions into smart contracts, and that re-implementing and forking revenue-generating products is common in the crypto industry. Competing with Hyperliquid and Phoenix is not inappropriate. The White Whale then responded that his criticism is not aimed at the underlying technology, but that Phoenix's current features and experience for traders are still quite basic.