Alpha Funnel #27 - Aura Farming
+1000 Aura.
6 months of pain can be wiped out in 1 day. That is what Solana onchain experienced over the past week (even if it was organised) when AURA which is a prevalent meme amongst zoomers started to embark on an SPX style run that has taken it from $1m to 200m market cap in the matter of a couple of days.
This type of price action does 2 things to people:
It makes people scared of selling their bags in the hope of hitting a gold mine such as this.
It causes excessive roundtripping due to people dreaming of the lottery.
There is often no in-between here at a mass scale. But being able to operate with moderation between these lines is what will pay off.
Nonetheless, let’s look into the state of the Solana on-chain ecosystem and where to go from here.