SOL ETF

Tremp

Solana

Doland Tremp

Shiba Inu

This week, the cryptocurrency market experienced a fresh relief rally as the falling Bitcoin price stabilized above the $60000 support. Among the top assets, the SOL coin shows a notable rebound as some giant asset management companies showed interest in creating an exchange-traded fund (ETF) focused on Solana (SOL). The development has notably impacted the <a href="https://coingape.com/top-solana-memecoins/">Solana meme coins</a> projecting their potential for a sharp rebound. 
On June 27, 2024, VanEck filed a Form S-1 Registration Statement with the United States Securities and Exchange Commission (SEC) for the VanEck Solana Trust. Moreover, 21Shares also filed a Form S-1 with the US SEC for a <a href="https://coingape.com/breaking-21shares-submits-application-for-solana-etf/">Solana ETF</a>. The entrance of multiple ETFs focused on Solana can drive greater adoption and liquidity for the cryptocurrency, reinforcing its position in the market. 
<blockquote class="twitter-tweet"> 
 *21SHARES FILES S-1 FOR SOLANA ETF: BBG 
 — Tree News (@News_Of_Alpha) <a rel="nofollow" href="https://twitter.com/News_Of_Alpha/status/1806717944052773360?ref_src=twsrc%5Etfw">June 28, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
After witnessing the success of the <a href="https://coingape.com/bitcoin-etf-records-4-day-streak-blackrock-boosts-82m-influx/">Bitcoin ETF</a>, the market participants reacted positively to the SOL ETF news, resulting in a nearly 10% jump on Thursday. If approved, the Solana-based meme coins may also witness a massive upswing due to their natural volatility. 
Also Read: <a href="https://coingape.com/will-solana-and-ether-outperform-bitcoin-in-near-term-amid-etf-hype/">Will Solana and Ether Outshine Bitcoin in the Near Term Amid ETF Hype?</a> 
<h2 id="span-style-font-weight-400-solana-meme-coins-dogwifhat-wif-span">Solana meme coins- Dogwifhat (WIF)</h2> 
Dogwifhat (<a href="https://coingape.com/markets/dogwifhat-price-forecast-is-it-time-to-buy-the-dip/">WIF</a>) is a memecoin that launched on the Solana blockchain in late 2023. It is inspired by a popular Shiba Inu meme featuring a dog wearing a knitted hat. 
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 <img decoding="async" src="https://s3.tradingview.com/snapshots/2/2Euexh0Z.png" alt="BINANCE:WIFUSDT Chart " width="1824" height="799">
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 Dogwifhat (WIF)| Tradingview
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Amid the renewed recovery sentiment, the correction trend in WIF price witnessed an immediate reversal from the $1.478 support. The bullish upswing lifted around 53% to hit downsloping resistance at $2.26. 
The overhead trendline is leading the ongoing downfall in WIF prices. By the press time, the <a href="https://coingape.com/markets/dogwifhat-price-analysis-wif-eyes-3-whale-purchases/">Dogwifhat</a> coin trades at $2.11 with a market cap of $2.1 Billion. A potential breakout from the trendline will signal the change in market sentiment and bolster meme buyers to chase the $4.08 high. 
<h2 id="span-style-font-weight-400-bonk-span">BONK</h2> 
BONK is a dog-themed meme coin built on the Solana blockchain, launched as a community-driven initiative. Amid the recent market correction, the <a href="https://coingape.com/price/bonk/">BONK price</a> witnessed an aggressive correction from $0.0000445 high to $0.000018 registering a nearly 60% loss. 
<figure style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" src="https://s3.tradingview.com/snapshots/w/WhCeUxR3.png" alt="BINANCE:BONKUSDT Chart " width="1824" height="799">
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 BONK| Tradingview
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However, the memecoin price witnessed an immediate reversal to $0.000023, registering a 23% jump in the past six days. The daily chart shows the BONK coin rebounded from an ascending trendline, offering dynamic support to buyers during the market dip.&nbsp; 
As per coinmarketcap, the <a href="https://coingape.com/markets/heres-why-bonk-could-be-the-best-meme-coin-buy-now/">BONK</a> coin maintains a market cap of $1.55 Billion, while the 24-hour trading volume fell 48% to $0.0000227. 
The support trendline intact projects the investors continue to accumulate this asset at a discount which is a key sign of a stable uptrend. With sustained buying, the coin price should rally 96% and rechallenge the high of $0.000044. 
<h2 id="span-style-font-weight-400-doland-tremp-tremp-span">Doland Tremp (TREMP)</h2> 
Doland Tremp (TREMP) is a meme coin launched on the Solana blockchain in February 2024. The project centers around political satire, particularly focusing on themes related to former U.S. President <a href="https://coingape.com/kraken-co-founder-donates-1m-eth-donald-trump/">Donald Trump</a>. 
<figure style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" src="https://s3.tradingview.com/snapshots/s/s19EUfWX.png" alt="MEXC:TREMPUSDT Chart" width="1824" height="799">
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 Doland Tremp (TREMP)| Tradingview
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As the US election campaigns heat up, the PolitiFi assets are poised to gain significant attention from crypto participants. An analysis of the daily chart shows the TREMP price is traveling a slow and stray uptrend under the influence of a channel pattern. 
The <a href="https://coingape.com/markets/3-donald-trump-tokens-to-buy-as-election-campaigns-heat-up/">Doland Tremp</a> coin currently trades at $0.58, registering a 24-hour loss of 15%, while the market cap plunged to $58.07 Million. If the selling pressure persists, the meme coin could plunge another 40% to seek support at a lower trendline. 
However, if the pattern holds true, the TREMP price is poised for reversal with the potential to surpass $1.53. 
Also Read: <a href="https://coingape.com/trending/political-sentiment-influencing-the-biden-and-trump-meme-coin-prices/">Political Sentiment Influencing The Biden And Trump Meme Coin Prices</a> 
<h3 id="span-style-font-weight-400-key-takeaway-span">Key Takeaway</h3> 
The S-1 filling from VanEck and 21Shares indicates a growing interest among major financial institutions in offering Solana-focused investment products. Similar to Bitcoin, this development is viewed as a massive bullish sign for <a href="https://coingape.com/trending/solana-coins-retrieves-their-popularity-heres-the-top-3-picks/">Solana</a> and its meme coins. Amid the current market correction, the dip buyers can find a suitable entry opportunity. 
The post <a href="https://coingape.com/markets/solana-meme-coins-to-go-ballistic-if-sec-approves-sol-etf/">Solana meme coins to go Ballistic if SEC Approves SOL ETF</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Solana meme coins to go Ballistic if SEC Approves SOL ETF

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