Memecoins have yuuuge / unlimited tokens in circulation (1st red flag), can be purchased for cents on the dollar (2nd red flag) and rely on branding/herd mentality - look mom, I am a #frognation member!
🚨 There is a hidden war on Solana between big players.
Users have no clue, but the consequence of that are endless failed transactions!
There is only so much space available and the ones with the bigger guns win.
Here's what they don't tell you. A thread (1/10). 🧵
2/ Big players on Solana are at war. How?
They DDOS each other for block space priority.
The victims of this war are Solana users. You can't get your transaction confirmed because big players take up all that space for themselves to come on top.
Here's how they wage war. 👇
3/ A specific Solana wallet can be attacked by spamming it from +100 different bot wallets.
You DDOS it every second with the smallest Solana unit = a Lamport or 0.000000001 SOL!