In this video, Miles Deutscher explains why Solana might face short- to mid-term weakness, mainly due to a major shift in its ecosystem. He breaks down the impact of Pump.fun’s token plans, his current market strategy, and where he sees better opportunities.

Key Takeaways:

  1. Solana Facing Short-Term Pressure
    Solana could underperform due to changing investor narratives and potential capital rotation.

  2. Pump.fun’s Token Launch
    Pump.fun is raising $1 billion to launch its own token. Since SOL was previously used as a proxy for exposure to Pump.fun, this could lead to rotation away from SOL.

  3. Shift Toward Ethereum
    Miles has been rotating into ETH and ETH-based projects, expecting Ethereum to outperform in the near term.

  4. ETH Ecosystem Looking Strong
    Ethereum has upcoming catalysts (like ETF talks) and a more stable user base, making it attractive during this phase.

  5. Alternative L1s Gaining Attention
    With Solana cooling off, Layer 1s like Sui and Hype could benefit from renewed liquidity and focus.

  6. Criticism of Pump.fun
    While profitable for experienced traders, Miles believes Pump.fun has been damaging for retail users and overall crypto sentiment.

  7. Still Long-Term Bullish on Solana
    Despite reducing his SOL exposure short-term, he believes Solana has strong fundamentals and product-market fit for the long run.

Outro:
Miles isn’t giving up on Solana, but he’s playing the current market dynamics carefully — rotating into Ethereum and select altcoins while waiting for better SOL entry points. He urges viewers to stay flexible and think both short- and long-term when managing risk.

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