Solana ETF application has been submitted! The SOL ecosystem is about to explode, and these three tokens are expected to rise 10-20 times

According to Bloomberg analyst James Seyffart, VanEck has submitted the first SOL ETF in the United States. He predicts that if the White House changes government and the SEC changes people by the end of the year, then the relevant application is very likely to be approved.

Solana has always been the strongest competitor of ETH. It can process transactions quickly and cheaply, and its user experience is more advantageous than Ethereum. However, for the approval of Solana ETF, the road ahead may not be so bright. First of all, whether Sol is defined as a security remains to be discussed; secondly, SOL's on-chain income can reach about 8%, and ETFs have management fees and prohibit staking, so holding Sol ETF is equivalent to naturally underperforming the 8% on the Sol chain.

However, whether it passes or not, it will definitely be hyped, and the market has already shown that 3 Solana ecosystem tokens are in focus:

1) $WIF

Coin price: $2.05

Market value: $2 billion

Solana's star dog Meme coin, Dogwifhat is a cryptocurrency based on a popular Internet meme, inspired by a Shiba Inu wearing a knitted hat.

2) $BONK

Coin price: $0.00002333

Market value: $1.584 billion

BONK is one of the premier Meme coins on the Solana chain, and its vibrant community culture is one of its features. Developers describe it as "born for the people, by the people."

3) $JUP

Coin price: $0.8309

Market value: $1.122 billion

Jupiter is a decentralized cryptocurrency exchange based on the Solana ecosystem. It aims to replace centralized exchanges with a simpler system, prioritizing the trader's experience.

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