Solana’s “number one tumor” is going to issue a coin? https://t.co/eJImNGAnI7 Estimated at $4 billion, sparking hedging sentiment

https://t.co/eJImNGAnI7 Rumors of another coin issuance, pushing the valuation up to $4 billion and planning to raise $1 billion, Solana’s on-chain liquidity is rapidly deteriorating, and $MEME coins are collectively rebounding.

According to CoinGecko and Artemis data, Solana has become the third highest chain in terms of net capital outflow in the past 24 hours, and hedging sentiment has intensified.

Despite https://t.co/eJImNGAnI7’s cumulative revenue exceeding $730 million, Dune data shows that only 3.6% of users have profits exceeding $500, while over 52% of users are in the loss. Platform revenue, user activity, and the number of token creations have all declined, exposing the structural issues heavily reliant on speculation.

Meanwhile, the valuation of https://t.co/eJImNGAnI7 has sparked controversy in the industry.

Independent researcher Haotian @tmel0211 criticizes its business model based on the attention economy, lacking moats, and unable to build a sustainable ecosystem.

KOL @xingpt pointed out that its FDV/annual revenue is 64, far exceeding that of DeFi blue chips.

On the contrary, crypto deity @thecryptoskanda believes that https://t.co/eJImNGAnI7 has built Solana’s on-chain user flywheel, a rare consumer-level application in the crypto field.

Furthermore, https://t.co/eJImNGAnI7 has completed its cold start, and the team has no intention of airdropping to attract user traffic, as the logic of airdrops as a growth tool is becoming ineffective. Currently, the market is highly focused on whether its coin issuance can trigger a new round of liquidity, which may become the next critical event node for Solana’s ecosystem.