Kash Dhanda, COO of Solana-based DEX Jupiter, shared his crypto investment insights in a recent podcast. He stated that he keeps over half of his holdings in stablecoins to earn yields, believing that meme coins are merely an "adrenaline service."

He pointed out that on-chain credit is currently in a situation similar to on-chain trading 3-5 years ago, beginning to show real sustainable value. The only verified path to compound interest for ordinary people is to hold stablecoins and choose protocols that are not subject to rug pulls, earning 5 to 7 percentage points annually.

He compared meme coins to video games, providing adrenaline, but most will not survive long-term, with a few like Dogecoin holding a position akin to that in World of Warcraft. If one dreams of getting rich off a meme, it’s time to change that dream.

The higher the yield, the greater the risk involved; anything promising a 20% return is pricing in some risk and should not occupy a full position. Previous market participants who lost often moved 70% of their holdings into meme coins, treating them as eternal assets.

He suggested an ideal allocation of 70/20/10: 70% in mainstream coins (Bitcoin, Solana, JUP), 20% in narrative tokens held for months to a year, and only 10% in high-volatility assets. A good project does not automatically mean the token will rise; JUP learned from the last cycle due to excessive focus on DAO politics and not treating the token as a product. The founder has now locked all tokens until 2030, with 50% of revenue used for JUP buybacks.

From a market mechanism perspective, stablecoin yield strategies attract risk-averse funds, directing capital towards sustainable protocols; events are driven by public opinions, benefiting stable yield products while pure meme speculation is relatively diverted.

Source: Public Information