Solana pulls out the belief

Anatoly 2025-10-14 23:16 52816人围观 SOL

Extra number: Teaching chain internal reference 12.20 "Messari is bearish on Ethereum, ETH/BTC hits new lows" Suddenly like a spring breeze, thousands of pear trees bloom. Just when the ETH/BTC exchange rate fell below the low of 0.5 again, calls for Sola

Extra: Teaching Chain Internal Reference 12.20 "Messari is bearish on Ethereum, ETH/BTC hits new lows"

Suddenly a spring breeze comes overnight, and thousands of pear trees bloom. Just when the ETH/BTC exchange rate fell below the low of 0.5 again, calls for Solana (SOL) to surpass Ethereum (ETH) in this cycle arose.

Even Messari, an investment research institution that represents the mainstream opinions of Western crypto investment institutions to a certain extent, strongly expressed its bullish view of Solana and bearish view of Ethereum in its year-end report.

This kind of makes the staunch holders of ETH feel anxious and pounding.

There is no need to listen to the succinct analysis and reasons given by those who sing too much. Just pull out the trend of SOL this year:

In the picture above, the blue curve is SOL/USD. Jiaolian also put the orange curve BTC/USD as a reference.

Looking at the pictures, you can see two conclusions at a glance:

First, SOL’s performance this year, from both ends, has caught up with BTC.

Second, compared to BTC, SOL lay dormant for more than half a year, and then started to catch up in September.

Are there any forward indicators? some. Open the Internal Reference 9.1 of the Teaching Chain "Former SEC Chairman Says Approval of BTC Spot ETF is Unavoidable", Internal Reference Article 2 mentions that Rune Christensen, founder of the famous DeFi project MakerDAO, published an article "Exploring Solana Code Base Branch as NewChain", which mentioned that Maker hopes to build its "end game" stage infrastructure based on Solana and believes that Solana's technology stack is the most promising.

Friends who have read this internal reference and the subsequent internal reference still remember that this matter caused a moderate storm at that time. Because of his evaluation of Solana as being better than Ethereum (Maker is currently built on Ethereum), he was refuted by Vitalik Buterin, the founder of Ethereum, forcing MakerDAO founder Rune Christensen to come out and apologize to Vitalik, saying a lot of rude words. These are all tracked in the internal reference.

Then we saw that after the controversy gradually subsided, Solana began its vigorous pull. From the local low of 17.72 on September 11, it has been sharply rising to 82.99 on December 21, an increase of +368%, catching up with BTC.

Leek often says that pulling the plate means justice.

Vitalik verbally forced Rune to apologize. But it is obvious that the capital forces on the side of Rune expressed their "just counterattack" against Vitalik by going long SOL/USD and short ETH/BTC.

But Rune Christensen has just cleared the capital out of Maker through an arduous struggle in the first half of 2023, and regained control of the Maker project. (Refer to the internal reference of the teaching chain 8.1 "The trading platform ZT Global is suspected of running away, it is not your private key, not your currency" mentioned that a16z, paradigmm and other large institutional investors have cleared MKR one after another)

So which big capitals sided with Rune and turned the bright cards into dark cards.

Let’s take a look at the timeline again: In August, institutions cleared MKR. In September, Rune challenged Buterin and proposed that SOL is better than ETH. From October to December, organizations violently tried to sell SOL. In December, Messari released a research report, calling SOL bullish and downbeat ETH.

Will clearing MKR and allowing Rune to gain an independent identity will make it more reasonable to challenge Vitalik from a technical perspective and win people's hearts? In this way, at least you can't criticize Rune for being bullish on Solana, or implicitly denouncing Ethereum as being "instructed by a16z and paradigm", right?

In September, when Rune publicly challenged Buterin and asked for directions, SOL was still lying low. People who had experienced the bull market in 2021 and still remembered it doubted whether the "downtime chain" of that year would work. Isn't it just a joke? Some people also question Rune’s professionalism and why it chose Solana, a technology with obvious centralization flaws.

However, what many people did not expect was that this was just a carefully planned part. The drunkard's intention is not to drink, but to deal with the dish.

Therefore, when institutional capital violently boosted SOL in October, November, and December, all doubts and concerns disappeared, and instead became a firm belief in SOL, and a firm belief that SOL was about to flip ETH (overturn ETH).

In this way, when Messari wrote the narrative of SOL overturning ETH in his research report in December, there were only a few doubters and many believers.

Extra: Teaching Chain Internal Reference 12.20 "Messari is bearish on Ethereum, ETH/BTC hits new lows"

(Public account: Liu Jiaolian. Knowledge Planet: The official account replied "Planet")

(Disclaimer: None of the content in this article constitutes any investment advice. Cryptocurrency is an extremely high-risk product and may return to zero at any time. Please participate with caution and be responsible for yourself. )

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