James Wynn: Solana ecosystem has been saturated, and only Doge, Pepe and Shib are left in blue-chip Meme coins

PANews September 3 news, crypto trader James Wynn said on social media that the Solana ecosystem has become a "saturated market", full of short-term speculators and farm behavior, and it is difficult to support crypto Meme coins to achieve long-term value. He believes that even FartCoin, which was once considered successful, is just another Ponzi scheme and may eventually return to zero. In his opinion, the only ones that really have blue chip potential in the current crypto market are Doge, Shib (although not exactly "Meme") and Pepe. Even if other projects exist, there is almost no blue chip possibility. He also mentioned that crypto communities were able to remain active and successful in market volatility in the past, but now this trait is disappearing. He also pointed out that unless interest rates are lowered in the future, the market hits a new high in Q4 and the strong return of retail investors, the overall crypto Meme currency market will be in a downturn. Previously, yesterday's news, James Wynn opened ETH long positions with 25 times leverage.