Altcoin based chains are finding it harder to make trasnactions these days. Let alone buying any form of the equity and investment. So their natural inclination is to move to the Solana and ethereum. This is more or less damage control in the long run.
Take a case of the Zeta chain where the chain is being shutdown and the token is created and moved to the Solana.
The company behind chain is focusing on the Anuma which is AI based application. And they want to move away from the L1 and it's everyday maintenance. So they seem to be playing long term on the market.
They have explained the same on the X post. Which is kind of shows that a lot of Altchains like this are about to die and very few chains would survive the financial market adoption.
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