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Per the on-chain data, the whale is still HODLing a large portion of the token, showing confidence in the meme coin. , with Solana becoming the preferred destination. With the Solana protocol now experiencing congestion due to heavy traffic, the appeal of Ethereum as the legacy meme coin option is growing across the board. Whether or not this trend will go mainstream soon remains a growing subject of speculation in the ecosystem.
This advantage has positioned Ethereum L2 protocols like Polygon , zkSync, Arbitrum , Optimism and Base as the preferred destination for meme coin resurgence. With Solana still Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments.
Source: Digital Coin News (digitalcoinnews.net)
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