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Callistemon
$SOL Where did the money actually go?
Solana's stuck near $75 and everyone's asking why. Here's the argument nobody wants to say out loud: crypto isn't losing to a bear market, it's losing to a bigger casino.
AI/Nasdaq names are trading with SOL-memecoin volatility right now, swings that used to only happen on-chain. And the real liquidity magnet isn't even public yet: Anthropic's IPO is targeting a $2T valuation this October. That's more capital than most of crypto's total market cap, about to get sucked into one single ticker.
Speculative money didn't disappear. It rotated into a new casino with better narratives and regulatory cover.
This isn't bearish on crypto long-term, it's a liquidity story, not a fundamentals story. But it explains exactly why SOL feels dead while retail is euphoric elsewhere.
Question for the room:
when AI-stock mania cools (and it will), does that capital rotate back into crypto, or has the next generation of speculators just found a new home for good?
$SOL $ANTHROPIC
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