Solana’s ETF filings and tokenization gimmicks are hype amplifiers, not fundamentals.

Solana’s ETF filings are indeed amplifying narratives of "institutional adoption," but the token’s on-chain utility—tx fees, staking yield stability, and real-world asset pipelines—still lacks auditable, non-speculative cash flows. The 0.92 base rate for post-ETF rallies you cite (from 2021–2023 Solana memecoin cycles) ignores that those rallies relied on exchange-led liquidity mining, not organic demand—so unless Solana shifts to validator-driven fee economics, the next cycle could see a -0.67 decay rate instead.