Solana Weekly #55 - Down Wif The ETF

What's up everybody, this is Thomas Bahamas and we're back with another episode of Solana Weekly. Not the week I expected, with talks of the beginning of the bull last week, ETF released, and the market reacts by viciously dumping. We'll dig into why that happened and what else we have going on in these times of acceleration on Solana.Sol Price: 86.12 - with a crash down to $78SolEth: .03891 with a crash down to .035SolBTC: .002167 with a crash below .00205.Overall market sentiment: you look at this last week and we went from over $100 Solana down over 20% and think that this must be a bad trend. My friends, we must simply zoom out. The etf was in fact a sell the news event. Presidential campaign: Biden has to pump the bags in order to get re-elected or put some sort of positive spin on his political party.To the happenings of the Solana market:Paypal releasing their stablecoin on Solana. I see huge potential here, almost like a way to back into using crypto through traditional rails. Think pay with paypal, but you use their stablecoin. Use those couple hundred dollars you have sitting on Venmo to send direct to your crypto wallet. You can do that with Eth now, but I’m suspecting that you can do this with Solana soon and this could be the start of something big.Drift releasing token/ pointsJupuary madness keeps going - mock jupTensor- nft perps or something like it. Sujiko warriors also launched from the same guy that launched the solana airdrop checker.NFTs - both misunderstood and undervalued per the man himself - loomdart:Helium just launched in Mexico with a huge partnership. Is this getting to mass scale?  I think so.Meme coin’s aren’t going anywhere, I tried to fade most but i actually just think they are going to crush now.  Some of my fav are the Stanley cup, bib, Wif - the dog has a hat.Bsktfi is something I’m kind of obsessed with right now as well, Solana, Eth, BTC and the latest meme tokens of Solana all backed in one token with insane farming incentives. Seems like a lot of chads are in it, still need to do more research, but I’m in.Wallet talk - Backpack has been putting in some work and it’s performance is excellent. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thomasbahamas.substack.com