Trader Bonk Guy said his stance on Solana and the projects around it is moving from bearish to bullish after a series of recent developments inside the ecosystem. He said he had previously believed Robinhood Chain and BNB Chain could outperform Solana in the current cycle, and had already written an analysis arguing that case, though it was never published.
According to his post, the shift came as Solana has recently put renewed attention on the on-chain meme trading community. He also pointed to outreach from key people in the ecosystem, along with public engagement from Solana’s official account and co-founder Toly toward projects such as STONK and USELESS.
Bonk Guy said his long-running concerns were never about Solana’s technology or infrastructure. Instead, they centered on the culture of the ecosystem and the impact of what he described as rent-seeking actors on users. In light of the recent changes, he said he has already shared his original bearish analysis with the Solana side and, if he decides to publish it later, he will add more of Solana’s perspective and background.
Trader Bonk Guy said in a post that his view on Solana and its broader ecosystem is shifting from bearish to bullish.
He said he had previously believed Robinhood Chain and BNB Chain could outperform Solana in the current cycle, and had written an analysis on that view, although it was not publicly released.
He attributed the change in stance to several recent developments: Solana has renewed its focus on the on-chain meme trading community, key figures in the ecosystem have proactively reached out to him, and the official Solana account as well as co-founder Toly have started publicly paying attention to ecosystem projects including STONK and USELESS.
In his view, those moves show that Solana is becoming more active in backing projects and communities that can drive ecosystem growth.
Bonk Guy added that his concerns were never about Solana’s technology and infrastructure, but about the culture of the ecosystem and the effect of some rent-seeking actors on users. Given the recent changes, he said he has already shared his original bearish analysis with the Solana side, and that if he later makes it public, he will include more of Solana’s position and background.
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