I've been keeping a close eye on the Solana ecosystem, and recent developments have been both intriguing and concerning. Just yesterday, ORCA, the token of a decentralized exchange built on Solana experienced a significant pump due to Upbit listing. However, these positive movements are juxtaposed against recent memecoin scandals that have shaken the community's trust. For instance, the launch of the LIBRA memecoin, promoted by Argentine President Javier Milei, initially soared to a market cap of approximately $4.5 billion but plummeted by over 96% shortly after, leading to significant investor losse.

Similarly, U.S. President Donald Trump's TRUMP memecoin project generated billions shortly after its release, to finally crash like any pump and dump coin... These incidents highlight the challenges the Solana ecosystem faces in recovering from recent memecoin scandal. Rebuilding trust will undoubtedly take time. Personally, I've adopted a cautious approach by employing a dollar-cost averaging (DCA) strategy to mitigate risks and gradually build my position. To manage my assets securely, I've been using the Backpack wallet.  Use the referral code BREAKDOWNFAB to get some added perks.

As always, it's crucial to conduct your own research and assess your risk tolerance before trading.