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Two years. Three “Solana killers.” How have they performed? $SOL −60% $SUI −78% $SEI −92% $APT −95% Being honest, my issue is mostly with $SEI and $APT. Yes, everything has bled - alts have had a brutal two years but there’s a difference between being down and losing the plot. $APT is down 95%. That isn’t a drawdown. I remember it being $18-$19 in 2024. Top-tier VC backing, the ex-Meta Move pedigree, endless “institutional chain” partnerships, and still nothing. Even its best performing projects are moving to other chains (one of our friends did!) Meanwhile there are unlocks every month to absorb. Going from $19 to $0.58 is something that is very difficult to recover, especially when the sentiment is not with you. $SEI is down 92% and has spent most of that time changing what it is. It launched as a trading chain, then became a “parallel EVM,” then dropped its Cosmos roots. I really don't know if it works in their favour or against them. Time will tell, but for now - the price doesn't instil any sort of confidence here too. But at least, they seem to be doing something to change. 🤷 Now compare: $SOL is still the default L1 for retail, memes, payments and real users. Down 60%, but the activity never left - in fact its still one of the most used chains in the entire crypto space. $SUI isn’t pretty at −78%, but it’s the only “Move” chain that built an actual ecosystem and kept mindshare. The sentiment is battered but alive. Call me pessimistic but I don't think all three of these Solana killers survive till the end of next year.

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