- Leshka.eth believes that the Solana meme coin will dominate the subsequent bull cycle.
- The influencer believes that the approval of the Solana ETF will propel a bull marketplace for the SOL ecosystem.
- VanEck and 21Shares have filed an utility with the SEC for the Solana ETF.
Leshka.eth, a crypto influencer with over 132,000 followers on X (previously Twitter), believes that the meme coin within the Solana ecosystem might be the subsequent massive factor within the crypto bull market. In a latest put up, the analyst highlighted that the approval of a Solana (SOL) ETF would be the catalyst for this predicted meme coin rally.
Leshka.eth believes that the SEC will quickly approve the Solana ETF, following the latest approval of the Ethereum ETF. Utilizing a chart diagram, the influencer steered that the approval of the Solana ETF may set off a large rally amongst meme cash on the community, with a predicted upside of as much as 200%.
The influencer pointed to latest Solana ETF filings by institutional buyers equivalent to VanEck and 21Shares as a key occasion supporting his prediction. These filings, filed lower than two weeks aside, mirror an analogous sample that preceded the latest Ethereum ETF approval.
Based on Leshka.eth, the funding large’s latest submitting is in keeping with the historic sample that led to the latest approval of an Ethereum ETF, who famous that one thing related occurred six months in the past, simply weeks earlier than rumors of an Ethereum ETF being authorized by the SEC emerged.
Leshka.eth’s prediction resonates with many within the crypto neighborhood who anticipate the approval of a Solana ETF to occur quickly. They imagine that the approval of a Solana ETF will entice vital capital to the Solana ecosystem, positively impacting the costs of tokens constructed on the blockchain, with SOL on the forefront of it.
SOL is at the moment buying and selling at $142.97, bouncing again from its latest decline, in response to knowledge from TradingView. The altcoin has bounced again from sturdy assist round $120, rekindling bullish sentiment amongst SOL holders as the general cryptocurrency market tries to regain momentum.
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