As the crypto marketplace looks toward a betterment and the likes of Solana marque their mode retired of losses, a crypto trader has called retired 1 meme coin that could beryllium a large play arsenic the SOL terms recovers. The BONK meme coin, currently the largest meme coin successful the Solana ecosystem and billed for triggering the revival of the blockchain, continues to person a batch of enactment arsenic a meme coin that could outperform arsenic the marketplace ushers successful the adjacent altcoin season.
Solana’s BONK Meme Coin Is The Play
Crypto expert and trader Unipcs became fashionable successful crypto circles connected the societal media level X (formerly Twitter) aft turning $16,000 into much than $10 cardinal with a agelong BONK trade. Despite making what galore person referred to arsenic a life-changing trade, the trader has refused to adjacent this trade, with the anticipation that the meme coin volition proceed to rise.
In a caller post, Unipcs has erstwhile again reiterated his support for the BONK meme coin and wherefore helium believes it’s a large play to beryllium progressive in. The station chiefly points to bullish developments surrounding the Solana ecosystem and wherefore BONK could beryllium a mode to maximize gains arsenic the Solana terms rallies.
The archetypal bullish improvement the crypto expert points to is the information that a Solana ETF is expected to deed the marketplace soon. When this happens, the Solana terms is expected to retrieve successful response, perchance rising toward caller all-time highs, thing that would construe into much bullishness for meme coins domiciled connected the blockchain.
As for BONK, Unipcs explained that the meme coin acts arsenic a 3X leveraged stake connected the Solana price. This is due to the fact that historically, the BONK terms has often risen 3X higher than immoderate gains that Solana puts in. Its highly volatile quality arsenic a meme coin besides contributes to this, arsenic it is prone to accelerated bursts of rising prices, the aforesaid mode it is prone to speedy crashes.
Furthermore, the expectations of a Solana ETF being approved by the Securities and Exchange Commission (SEC) are not the lone happening propelling the bullishness of BONK. BONK, itself, besides 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 adjacent much substance to rally.
Given these bullish factors, the crypto expert believes that being successful BONK could beryllium a bully play, particularly arsenic the terms remains 75% beneath its all-time high. “Ff we bash get Solana play soon, you bash not privation to beryllium underexposed to BONK,” Unipcs said successful closing.
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