A profitable Meme coin trade shows that someone in the ecosystem knows how to trade, but it does not answer a harder question: once the hype dies down, what will make users come back? Even a smooth trading gateway cannot prove that an application retains users, and one trader’s results are no report card for ordinary participants.
BlockBeats reported on October 22 (Beijing time), citing monitoring by Onchain Lens, that Solana trader MattFws bought 36.9 million DACITY for about $13,500 and sold all of it nine days later, making a profit of about $124,900—a return of roughly 875%. This is one individual trade, not evidence of sustained demand for DACITY, and it cannot be taken as proof of user growth in the Solana ecosystem.
Binance spot, rolling 24 hours: $SOL -2.32% (rolling 24 hours); $JUP -1.65% (rolling 24 hours); $RAY -5.53% (rolling 24 hours). The price movements occurring alongside this trading news do not mean the news caused them; nor does the DACITY trade tell us anything about JUP or RAY.
What I’d rather see is verifiable data showing sustained use beyond the trading hype. Without that, all we can say is that this trader made a profitable trade. If evidence later shows users repeatedly using the application, then we can have a more grounded discussion about whether the buzz has brought users back.#Solana #Application Watch
BlockBeats reported on October 22 (Beijing time), citing monitoring by Onchain Lens, that Solana trader MattFws bought 36.9 million DACITY for about $13,500 and sold all of it nine days later, making a profit of about $124,900—a return of roughly 875%. This is one individual trade, not evidence of sustained demand for DACITY, and it cannot be taken as proof of user growth in the Solana ecosystem.
Binance spot, rolling 24 hours: $SOL -2.32% (rolling 24 hours); $JUP -1.65% (rolling 24 hours); $RAY -5.53% (rolling 24 hours). The price movements occurring alongside this trading news do not mean the news caused them; nor does the DACITY trade tell us anything about JUP or RAY.
What I’d rather see is verifiable data showing sustained use beyond the trading hype. Without that, all we can say is that this trader made a profitable trade. If evidence later shows users repeatedly using the application, then we can have a more grounded discussion about whether the buzz has brought users back.#Solana #Application Watch