In the ever-evolving world of cryptocurrency trading, a recent tweet from ThinkingUSD has sparked intense debate about the viability of owning Solana (SOL) amid the shifting landscape of memecoins and onchain assets. According to ThinkingUSD, it feels increasingly difficult to hold SOL as the memecoin thesis faces real-time challenges, with internet capital markets appearing illusory. Traders are questioning the true value of tokens where ownership grants no substantial rights, and immediate liquidity for founders diminishes incentives to build lasting projects. This sentiment ties directly into broader discussions on why onchain stocks might be redundant when retail equity trading is already commission-free.

Solana's Market Challenges and Trading Implications

As of the tweet's posting on November 11, 2025, Solana's ecosystem has been under scrutiny, particularly with memecoins dominating trading volumes on the network. The critique highlights how the rapid rise and fall of memecoins like those built on Solana's high-speed blockchain can lead to volatile price swings, making long-term holding strategies risky. For traders, this means monitoring key support levels around $120-$130 for SOL/USD, where historical data from late 2024 showed bounces during market dips. Without real incentives for development, as noted in the tweet, projects may prioritize pump-and-dump schemes over sustainable growth, potentially leading to decreased on-chain activity and lower trading volumes. Investors should watch for correlations with Bitcoin (BTC) movements, as SOL often follows BTC's trends with amplified volatility— a 5% BTC drop could translate to 10-15% in SOL, based on patterns observed in previous cycles.

Memecoin Thesis Under Fire: Opportunities and Risks

Diving deeper into the memecoin narrative, ThinkingUSD's point about the thesis being 'BTFO' (blown the f*** out) in real time resonates with recent market data showing memecoin market caps evaporating overnight. For instance, tokens like Dogwifhat (WIF) on Solana have experienced 24-hour volume spikes exceeding $500 million during hype phases, only to plummet when liquidity dries up. This environment discourages genuine building, as founders cash out early, leaving retail traders holding bags. From a trading perspective, this creates short-term opportunities in momentum plays—using indicators like RSI below 30 for oversold entries—but long-term holders face erosion of value. SEO-optimized strategies for traders include setting stop-losses at 10% below entry points to mitigate downside, especially amid broader crypto market sentiment turning bearish on speculative assets.

Moreover, the tweet questions the need for onchain stocks when traditional equities offer free trading via platforms like Robinhood. This raises valid points for crypto-stock correlations: if tokenized equities on blockchains like Solana don't provide unique advantages, why shift? Traders can capitalize on this by arbitraging between crypto and stock markets, such as pairing SOL trades with tech stock ETFs that mirror blockchain adoption. Institutional flows, as seen in 2025 filings, show hedge funds reducing SOL exposure by 20% in Q3, signaling caution. On-chain metrics, including a drop in Solana's total value locked (TVL) from $5 billion to $3.5 billion over recent months, support this wary outlook, urging diversified portfolios with stablecoins or BTC hedges.

Broader Crypto Market Sentiment and Strategic Trading Advice

Shifting to wider implications, this critique underscores a maturing crypto market where hype-driven assets like memecoins may give way to utility-focused tokens. For Solana specifically, resistance levels near $180 could cap upside if sentiment doesn't improve, with trading volumes needing to surpass 1 billion SOL daily to indicate reversal. Investors exploring AI tokens, which often intersect with blockchain for decentralized computing, might find safer bets in projects like Render (RNDR) that offer tangible incentives over memecoin speculation. The tweet's emphasis on 'owning nothing' by holding tokens prompts a reevaluation of governance models—traders should favor DAOs with locked liquidity to avoid rug pulls.

In conclusion, while Solana's speed advantages once fueled its rise, current sentiments highlight vulnerabilities in its ecosystem. Savvy traders can use this as a signal to pivot towards undervalued altcoins with strong fundamentals, monitoring cross-market indicators like Nasdaq correlations for entry points. With no immediate catalysts, SOL's price could consolidate, offering range-bound trading opportunities between $140-$160. Always base decisions on verified on-chain data and avoid overexposure to high-risk memecoins.