Core Insights - The article suggests moving away from Dogecoin due to its significant decline, down 40% for the year and 74% from its all-time high in 2021 [1] - Solana is presented as a viable long-term investment alternative to Dogecoin, boasting a market cap over three times that of Dogecoin and an impressive 23,000% increase since its launch in 2020 [2] Market Performance - Dogecoin's current price is approximately $0.20, while Solana trades at around $200, indicating a higher entry point for Solana [7] - Solana's market cap is reported at $102 billion, with a revenue of nearly $3 billion generated over the last 12 months [6] Blockchain Dynamics - Solana has become the primary blockchain for meme coin activities, including minting and trading, highlighted by its use by notable figures such as former President Donald Trump [4] - The blockchain's metrics have significantly improved due to the surge in meme coin activity, reflecting its growing importance in the crypto ecosystem [6] Investment Opportunities - New spot Solana ETFs are anticipated, which could provide a more accessible investment route for those interested in Solana without the high cost of purchasing individual coins [7] - The article emphasizes that Solana offers a long-term investment option for those looking to capitalize on the meme coin trend [7]

Core Insights - A Solana-themed event in Shenzhen was abruptly ended due to a local policy inquiry, raising concerns in the cryptocurrency community about potential renewed crackdowns in China [1][3] - The event was reported to be "exceptionally popular," with attendance exceeding expectations, but was canceled for public safety reasons related to overcapacity [1][2] Industry Concerns - The incident has heightened anxiety among industry players regarding the stability of digital asset policies in mainland China [3] - The People's Bank of China has issued warnings about the risks associated with stablecoins, emphasizing that they do not meet essential regulatory requirements [4][5] Market Developments - The Solana blockchain, launched in 2017, has become a significant competitor to Ethereum, with a market capitalization of approximately US$107 billion [6] - Hong Kong recently approved its first exchange-traded fund (ETF) tracking Solana, making it the third cryptocurrency allowed for direct investment in ETFs in the city, following Bitcoin and Ether [6]