Crypto Analyst: This Meme Coin Could 3X If Solana ETFs Get Approved—Here’s Why
Solana ETF hype is brewing—and one analyst claims a certain meme coin is the ultimate leveraged bet. Forget boring index funds; this play is pure rocket fuel.
Why it matters: Meme coins often ride the coattails of major ecosystem news. If SOL ETFs get the greenlight, liquidity could flood into high-beta altcoins first.
The cynical take: Wall Street’s about to ‘discover’ crypto again—just in time to pump bags they don’t understand. Meanwhile, degens are already positioning.
Bottom line: In a market where narratives move faster than fundamentals, the right meme coin could outperform the underlying asset. Just don’t pretend this is ‘investing.’
Solana’s BONK Meme Coin Is The Play
Crypto analyst and trader Unipcs became popular in crypto circles on the social media platform X (formerly Twitter) after turning $16,000 into more than $10 million with a long BONK trade. Despite making what many have referred to as a life-changing trade, the trader has refused to close this trade, with the expectation that the meme coin will continue to rise.
In a recent post, Unipcs has once again reiterated his support for the BONK meme coin and why he believes it’s a great play to be involved in. The post mainly points to bullish developments surrounding the Solana ecosystem and why BONK could be a way to maximize gains as the Solana price rallies.
The first bullish development the crypto analyst points to is the fact that a Solana ETF is expected to hit the market soon. When this happens, the solana price is expected to recover in response, possibly rising toward new all-time highs, something that would translate into more bullishness for meme coins domiciled on the blockchain.
As for BONK, Unipcs explained that the meme coin acts as a 3X Leveraged bet on the Solana price. This is because historically, the BONK price has often risen 3X higher than any gains that Solana puts in. Its highly volatile nature as a meme coin also contributes to this, as it is prone to rapid bursts of rising prices, the same way it is prone to quick crashes.
Furthermore, the expectations of a solana ETF being approved by the Securities and Exchange Commission (SEC) are not the only thing propelling the bullishness of BONK. BONK, itself, also has a pending ETF filing with the commission, and the approval of a Solana ETF increases the likelihood of a BONK ETF approval, giving the meme coin even more fuel to rally.
Given these bullish factors, the crypto analyst believes that being in BONK could be a good play, especially as the price remains 75% below its all-time high. “Ff we do get Solana season soon, you do not want to be underexposed to BONK,” Unipcs said in closing.
