Hey new guy, It means there is almost 0 liquidity, and small buys will move the needle a lot, the price is being manipulated deliberately, or there has been massive news.
If you can’t find any news then it means one of the other two. Don’t get suckered into buying shitcoins.
There is your answer.
Is bonk a meme coin?
Solana separates it’s validating nodes from storage of the blockchain, due to the throughput and speed, it uses massive amounts of data and storage.
Who stores that data?
And who will be able to store it when the chain it’s several petabytes large?
It not “centralised” but it will Trend towards centralisation due to the law of economy of scale where you have a few big players storing a few copies of the blockchain, and not the 3000 validators…this means the history is whatever they want it to be.
Because Solana is centralised.
And this is why feeless systems suck.
New doesn’t mean poor in investing.
Just in crypto