SBF Interviewed: Meme coins have stronger appeal than institutions, predicts Solana will surpass Ethereum

From Dogecoin (DOGE) and Shiba Inu (SHIB) to the recent Constitution DAO (PEOPLE), meme coins seem to have become one of the rising stars. In response to this phenomenon, FTX founder SBF stated that while meme coins can attract funds and community support, the key still lies in a solid roadmap and loyal user base.

From meme coins like DOGE, SHIB, to the recent Constitution DAO PEOPLE, meme coins seem to have become one of the protagonists of the rise. In response to this phenomenon, FTX founder SBF stated that while meme coins can gather funds and community power, the key still lies in a solid planning blueprint and loyal users.

Last week, FTX founder Sam Bankman-Fried SBF mentioned in an interview that meme assets are most vulnerable to collapse in a bear market, but projects with utility and loyal members may survive. He also predicted that the market value of Solana may surpass Ethereum.

During an interview with the media outlet "Kitco News" on the 25th, SBF stated that he may not be able to predict when the bull market will return, but in the foreseeable future, the bull and bear markets will inevitably continue to alternate. The projects that can survive in this process are those with a large base of loyal users and significant utility.

Using Solana blockchain as an example, SBF believes that the chain has a clear roadmap and can support various Dapps, providing financial services to billions of people, ultimately having the potential to become an ecosystem with a market value larger than that of Ethereum.

He stated:

"Solana is one of the few public chain projects with a detailed roadmap, capable of processing millions of transactions per second, with each transaction costing only a few cents. This is the scalability you need."

When asked what projects to pay attention to, SBF pointed out the importance of meme projects, which combine countless separate community members, uniting into a force larger than a single institution.

For example, ConstitutionDAO raised nearly $50 million within a few days of its establishment, becoming one of the contenders for the constitution. Its governance token PEOPLE continued to surge even after the project stopped operating, reaching a historical high of $0.1638 on November 27.

However, SBF also warned that if these projects lack a solid blueprint plan or fail to maintain a large base of loyal users, they will eventually reveal their flaws when the bear market comes, becoming the first row of the seafront in the collapsing wave. He urged users to be cautious regardless of meme stocks or meme coin projects.

"No matter what you invest in, it could drop by 90%." SBF concluded.