I honestly never paid attention to SOL, nor used it. But this actually wouldn't surprise me.

I'm not saying this in defense of SOL, since I think it too will continue to bleed in sats for all eternity, just that as "utility coins" go, it seems like a better utility.....

I saw someone give a talk recently that said that PoW was the last remaining differentiator that ETH had over SOL....and with the move to PoS its just the more costly version.

As someone who had to endure the "FLIPPENING" hysteria of 2017, its both funny and strangely pathetic to watch ETH actually die. Its a bit like seeing the man you used to hate, but now he is a frail old dying man....

The very very fundamental problem all shitcoins have, especially those who are trying to compete on their "tech utility" is that their price will tend towards their utility value + some profit margin.

There is no reason why eth can't trade forever at $280 or whatever their marginal utility value might be.....no different than how a toothbrush or shovel is priced.