JAKARTA - In the last 24 hours, Solana-based meme coins have experienced a double-digit increase. This bullish trend follows growing market speculation after investment firm VanEck filed for the United States' first ETF Solana.
The ETF outlook has injected optimism into Solana's ecosystem, sparking a surge in trading volume along the associated meme coin.
Quoted from Coingape, Bloomberg analyst James Seyffart stated that the ETF will most likely not launch this year. He noted that significant regulatory changes, which may be influenced by leadership changes at the White House and the SEC, are needed for the ETF to enter the market.
In the last 24 hours, the BOOK OF MEME (BOME) bullish momentum has resurfaced after the submission, successfully surging to become the top player at CoinMarketCap and recording the highest price in 7 days.
As a result, the BOME price fluctuates between the intraday peak of 0.01073 US Dollars (approximately IDR 175.92) and the lowest of 0.00901 US Dollars (approximately IDR 147.72). Currently, BOME is trading at 0.0107 US Dollars (approximately IDR 175.43), experiencing a 17.20% jump from its lowest level in 24 hours.
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Dogwifhat (WIF) has also experienced a positive shift despite the debate between the bull and the bear in controlling the market in the past 24 hours, with a moving price between the intraday peak of 2.24 US Dollars (around Rp36,724) and the lowest of 1.98 US Dollars (around Rp32,462).
However, despite the surge, the WIF has fallen 37% in the past month and 56% from its all-time high of 4.85 US Dollars (approximately IDR 79,515) reached in March. Currently, the WIF is trading at 2.11 US Dollars (approximately IDR 34,599), an increase of 5.20% from support levels and 4.75% in the past week.
The Solana Bonk (BONK) meme coin decreased earlier today with the bear pressing prices to an intraday low of 0.0000215 US Dollars (approximately IDR 0.35) where support has formed. However, the BONK has recovered with prices recording the highest price in 7 days of 0.00002493 US Dollars (approximately IDR 0.41) after a rally of 15%.
This recovery has not removed the bearish momentum experienced in the past month, with the price of BONK still falling 40% and 49% from an all-time high of 0.00004704 US Dollars (approximately IDR 0.77) in March. During this recovery, BONK's market cap and trading volume in 24 hours jumped by 11% and 40% respectively to 1.6 billion US Dollars (approximately IDR 26 trillion) and 267 million US Dollars (approximately IDR 4.3 trillion).
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