Placeholder Partner: Most of the attention has been focused on SOL since 2022

Chris Burniske, former head of Ark Invest crypto and current partner at Placeholder VC, wrote on the X platform, "I usually focus most of my attention on a major dark horse project in each cycle. From 2014 to 2017, it was BTC, from 2018 to 2021, it was ETH, and from 2022 to now, it was SOL. Stay flexible and avoid dogmatism. At the same time, I still hold BTC and continue to stake ETH. Why focus on SOL now? When a project is a hard-working but differentiated dark horse, I am personally more interested in this dynamic. Not to mention, many people will support those established projects (which will reduce the marginal benefits of my support), and far fewer people are willing to take risks for dark horse projects because it requires taking on factors such as career risks. The transition from dark horse to maturity is what I am best at. So, one day, I may focus most of my energy on projects other than SOL. In the meantime, cryptocurrency is still a dark horse, so I support all sincere efforts, although I will highlight relative outperformance in each cycle."