Last cycle there was no fundamental reason to hold SOL, but also no reason to hold anything else. So people bought lots of SOL
Now thereโs still no reason to hold SOL, but there are reasons to hold other stuff (revenue & buybacks). So now people have to sell the SOL they bought for no reason in the past to go buy the good stuff. $25
iโve always liked SOL, but this cycle could broaden the opportunity beyond just holding SOL
SOL had huge runs across multiple cycles while a lot of the surrounding DeFi and infra trades struggled to capture the same upside
now more users and capital are moving onchain, and the ecosystem has had years to mature
that makes the broader Solana ecosystem a lot more interesting to me this time around