Solana degens create ETF-themed meme coins following SEC's Bitcoin ETF approval
Solana degens quickly created a number of ETF-themed meme coins following the Securities and Exchange Commission's approval of a spot Bitcoin ETF in the United States. One such coin, ETF, shot up 30,800% in value to a valuation north of two cents within minutes of the SEC's decision. However, the coin's value quickly began to deflate and currently has a market capitalization of around $93,000. Another token, BTCETF, also saw tremendous highs and lows in the last few hours, skyrocketing 43,000% after the SEC's announcement before crashing to a market capitalization of just $69,000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
JPMorgan CEO warns of stagflation and recession risk in US economy
Reddit user claims ChatGPT initiated a conversation from previous info
The Most Sought-After Technical Positions in the Crypto Space
Blockchain’s Best Use Cases: Here’s Where It’s Making the Biggest Impact