The US Securities and Exchange Commission (SEC) has acknowledged a bid by Grayscale to create the first-ever exchange-traded fund (ETF) for Solana. This move reflects a significant change in the regulatory body’s stance, considering it rejected a similar bid just six weeks ago. The shift can be attributed to the arrival of the crypto-friendly Donald Trump administration in the White House.
With Solana ($SOL) holding support and remaining stable, the prospect of an ETF is indeed bullish news for the blockchain and its associated meme coins. Several cryptos stand to benefit from the launch of Solana-based ETFs, potentially yielding handsome returns for investors.
Among the top contenders is Solaxy ($SOLX), the first Layer 2 solution on the Solana network. By combining the strengths of Ethereum and Solana, Solaxy aims to address scalability issues and reduce failed transactions on the Solana blockchain. The $SOLX presale has already garnered close to $19M in funding, proving the project’s hype and worth.
Another promising meme coin is MIND of Pepe ($MIND), a revolutionary AI agent coin designed to assist small crypto traders. By leveraging AI and hive-mind analysis, $MIND offers exclusive access to early-stage, high-potential trading calls and new cryptos. The presale has already raised over $5.5M, with the price set to increase soon.
For investors seeking a less risky approach, Meme Index ($MEMEX) offers four different baskets of meme coins, catering to various risk tolerances. With the memecoin market poised for long-term growth, $MEMEX could be among the biggest gainers. The presale has already secured over $3.4M in funding.
Wall Street Pepe ($WEPE) has emerged as the biggest crypto presale of all time, crossing $70M+ in a short period. $WEPE aims to level the playing field for small investors by providing market insights, investment strategies, and access to a thriving trader community. The presale is ending soon, making it the last chance to join at a low price.
Established meme coins like Bonk ($BONK) and Pudgy Penguins ($PENGU) are also expected to benefit from the Solana ETF news. $BONK, the first dog-themed meme coin on Solana, is up nearly 7% in the last 24 hours, while $PENGU, an NFT-meme coin combination, is up around 3%.
As the crypto market evolves, it’s crucial for investors to stay informed and make strategic decisions. While the mentioned meme coins are likely to benefit from the Solana ETF launch, it’s essential to follow a healthy investment plan, invest only what you can afford to lose, and conduct thorough research before investing.
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Tags: Solana ETF, Meme Coins, Crypto Investing, Solaxy, MIND of Pepe, Meme Index, Wall Street Pepe