Pantera: The narrative for Bitcoin and Ethereum has been established, and Solana has greater pump potential.

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Odaily News Pantera Capital officially stated on X that Solana is reaching an important turning point in consumer, fintech company, and institutional adoption. Blue-chip companies like Stripe and PayPal have started building applications on it. The narratives for Bitcoin and Ethereum have basically solidified, while Solana's narrative is just beginning to unfold. Solana is still in the early stages, and currently, there is no SOL ETF; only 5 listed companies hold SOL, and the institutional allocation of SOL is significantly lower compared to BTC and ETH, holding less than 1% of the total supply (BTC is 16%, ETH is 7%). In terms of market capitalization, Solana is still only 1/20 of Bitcoin and 1/4 of Ethereum—but it has already outperformed both in key usage metrics. The narrative of Solana's adoption is just beginning, with greater asymmetric pump potential.

BTC-0.65%
ETH-1.18%
SOL-1.77%
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