According to BlockBeats, on June 27, data from CoinGecko revealed a general increase in the value of Meme tokens within the Solana ecosystem. This surge was influenced by the news of VanEck's submission of a trust application for Solana.
Among the tokens that experienced a rise in value, WIF and MOTHER both saw a short-term increase of over 12%, with their current prices standing at 2.18 USD and 0.086 USD respectively. BOME and BONK also experienced a short-term surge of about 7%, with their current prices being 0.0098 USD and 0.000023 USD respectively. MEW, another token in the ecosystem, saw a short-term increase of about 5%, with its current price at 0.004 USD.
These increases reflect the potential impact of institutional interest on the value of tokens within a particular blockchain ecosystem. The submission of a trust application by a major player like VanEck can create a ripple effect, influencing the value of tokens within the ecosystem.