According to Wu Blockchain, crypto trader The White Whale posted that he might lower his exit target price for SOL to below $200 in the next cycle. He emphasized that 'love is not a sound investment logic' and listed several reasons for adjusting his expectations: the decline of Memecoin casino narratives like Pump fun; the Drift incident severely impacting the perception of Solana DeFi; institutions being trapped at high levels, making it harder for new capital to enter; key voices in the ecosystem shifting their focus to other chains like Zcash; and flagship projects like Phoenix offering overly basic user experiences. Solana co-founder Anatoly Yakovenko responded, stating that the core innovation of DeFi lies in simplifying financial functions into smart contracts. He added that products with revenue being re-implemented and forked is a norm in the crypto industry, and competition between Phoenix and Hyperliquid is not an issue. The White Whale later clarified that his criticism was not aimed at the underlying technology but rather at the current basic functionality and experience Phoenix offers to traders. https://(wublock123.com)/news/the-white-whale-crypto-trader-sol-targets-under-200-62343