I find the circulating supply with Solana concerning. What are your thoughts on this?
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I think it depends a lot on what trade you're doing.
What do you think long-term? What do you think the holders think long-term?
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Long-term (>= 2 years), it seems risky. Once Solana becomes more popular, you’re betting that they won’t sell the tokens on the market too rapidly. It’s sort of like XRP, but that case study shows greed tends to take over. Short-term (< 2 years), it seems like a good buy.
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Even by FDV, it's lower than other chains; I'd be surprised if the largest stakeholders sold at these levels.