Meme Coin ETF Applications Ignite Market Frenzy
US fund companies Osprey Funds and Rex Shares have recently submitted a series of meme coin ETF applications to the US Securities and Exchange Commission (SEC), including the official Trump meme coin $TRUMP and the Elon Musk-supported Dogecoin (DOGE). Once these applications were disclosed, they became the focal point of market attention and sparked more discussions and potential in the meme coin market.
According to Bloomberg senior ETF analyst Eric Balchunas, these ETF applications cover not only Bitcoin (BTC) and Ethereum (ETH) but also SOL, XRP, and dog-themed meme coins like BONK and DOGE. Each ETF plans to invest at least 80% of its assets in relevant crypto assets, through spot or derivatives allocation. These initiatives have sparked heated discussions in the meme coin market, but the high volatility of the market and policy uncertainties continue to pose challenges.

In recent years, Solana has gradually become a star project in the cryptocurrency market, with its native token SOL performing strongly, attracting significant attention from investors. Meanwhile, Solaxy, the first Layer-2 solution based on the Solana blockchain, is also gradually emerging, driving the development of the ecosystem through its innovative technology. This article will comprehensively analyze SOL's market performance and Solaxy's potential impact on the future.
The strong performance of SOL and market challenges
Solana's (SOL) market performance is noteworthy, having reached an all-time high of $275 in January this year. Although it has slightly retraced to $250, the overall increase is still 48%. Compared to Bitcoin and XRP, which rose by 34% and 18% respectively during the same period, SOL has undoubtedly become a focal point for U.S. investors.

Amid increasing global economic pressure and uncertainty, cryptocurrency is rapidly rising, becoming a key driver of financial freedom. According to the latest reports, approximately 600 million people worldwide own cryptocurrencies, which not only demonstrates its level of popularity but also highlights its potential as an important tool for promoting economic freedom.
As the Economic Freedom Index continues to decline, the wealth distribution problem in many parts of the world is worsening, and the public lacks confidence in the future. For example, only 14% of people in the United States are optimistic about the economic outlook, while more than 70% of adults worldwide believe that the next generation will face a worse economic environment than their parents. In this context, the application of cryptocurrency has become an important opportunity to break through this dilemma.

The $NEAR token is the backbone of NEAR Protocol, a scalable alternative to high-functioning smart contract blockchains like Ethereum and Solana. After briefly breaching an important threshold in the early hours of July 12, $NEAR price fell below $5 again.
$NEAR is currently trading at $4.79, down about 0.4% from 24 hours ago, but up 19.2% from the same price last Friday.
$NEAR outperformed its largest Layer 1 rivals amid the overnight decline. Market leaders Bitcoin ($BTC) and Ethereum ($ETH) had earlier declined by 2.1%, trading at $57,036 and $3,063 respectively.

Over the past 24 hours, Shiba Inu Coin has experienced a steep drop of 4.53%, mirroring the overall market’s downward trend, with meme coins losing an average of 3.7%. Interestingly, the destruction rate of Shiba Inu Coin has soared by nearly 4,000%, attracting widespread attention.
While today’s setback slightly overshadows Dogecoin’s impressive 15.75% gain since Friday, it is in line with the positive trend of other altcoins.
Despite recent progress, Shiba Inu Coin still needs to recover from its 27.09% loss over the past month. However, it still maintained a stunning year-over-year gain of 99.82%.

Notcoin had a strong day today, rising 14% to $0.01718, as the popularity of play-to-earn (P2E) in-game currency also boosted eTukTuk ($TUK), the creator of the new P2E Crazy TukTuk Taxi mobile game.
Two token burns last week – 400 million on July 4 and 200 million on July 5 – destroyed a combined 30% of the total $TUK supply. Burning 600 million tokens means the remaining 1.4 billion supply is more scarce, potentially increasing its value.
10% of the total supply (200 million $TUK tokens) is up for grabs in the pre-sale, with the remaining tokens allocated to staking (20%), pre-sale staking (9%), and other areas such as marketing, community, and exchanges fluidity.

On the positive side, valuations for all cryptocurrencies may have stabilized at around $2 trillion in market capitalization. Bitcoin may also be bottoming out after the selling pressure caused by the aforementioned bear market event.
Additionally, expectations of a September interest rate cut could push prices higher as it steers investors towards alternative investments such as cryptocurrencies in search of higher returns than traditional financial instruments such as bonds.
Amid this strong bullish data, $PEPU pre-sale investors could potentially position themselves for a 100x return on this Dogecoin — a prospect the broader investment community has yet to catch up to.

Bitcoin prices have fallen to their lowest since late February, with on-chain analysts predicting a further 16% drop to $47,000. This prediction represents a 25% drop in the average short-term Bitcoin holder purchase price expected at this level. There will be significant selling from new entrants to the market. Bitcoin is currently trading at $56,374, down 20.73% over the past month, with analysts pointing out that such a pullback is long overdue.
This is similar to the 60% plunge in March 2020 during the COVID-19 scare. Furthermore, Joe Burnett, a former Blockware Solutions analyst and senior product marketing manager at Unchained, predicted that Bitcoin market conditions will only ease when the selling pressure from Mt. Gox and Germany subsides.

Solana’s price increased significantly by 5.72% to reach $142.18, while it fell by 7.76% on July 4. It fell below the key support level at $139.50, indicating that further losses are likely. Despite being down 15.77% this month, Solana has posted an impressive annual return of 595.28%, outperforming other major cryptocurrencies.
The recent break below the $139.50 support and increased trading volume suggest there may be ongoing selling pressure. Solana’s price may once again test the resistance at $135.65, and a break above this level could cause the price to reverse and regain long-term support.

Solana’s price is hovering around $141, facing an ongoing downward trend and an unstable crypto market. Despite its recent gains, the coin has struggled to maintain its upward momentum.
However, a glimmer of hope has emerged as Solana is working towards getting approval for a spot ETF, following in the footsteps of industry giants like Bitcoin and Ethereum.
This development, coupled with the introduction of usability-enhancing Blinks features, could turn around Solana's fortunes and trigger a significant price increase.
Will these factors drive a bullish trend, leading to whale accumulation and a better-than-expected Solana price prediction by 2025?

Pepe Coin (PEPE/USDT) has attracted significant attention after absorbing $300 million at key support levels overnight. Despite recent losses, investors remain confident of a rebound.
The current price is $0.0000113, and the market value stands at $4.7 billion. Technical indicators indicate oversold conditions, and the Pepe price forecast suggests a possible price increase as the market stabilizes.
VanEck’s mysterious post boosts Pepe coin amid market volatility
VanEck posted a striking frog meme on X (formerly Twitter), showing a frog taking center stage at a board meeting, surrounded by other animals. The post, titled “Important Topic Discussed on Board,” sparked huge interest and speculation in the cryptocurrency community.

Tether, the leading stablecoin, announced on June 24 that it will no longer support the EOS and Algorand (ALGO) networks. In response to this adjustment, it will stop minting USDT on these chains from now on.
Tether stops supporting EOS and Algorand
Tether officially stated that it is committed to maintaining a strong and innovative blockchain ecosystem for USDT and all other tokens issued. To uphold this commitment, Tether continuously evaluates the current transport layer, striving to strike a balance between maintainability, usage, and community interest.
Community interest plays a key role when it comes to bringing USDT to a specific blockchain. Tether said it will carefully evaluate the network's security architecture to ensure the security, availability and sustainability of the selected blockchain. Its goal is to allocate resources where they can best improve security and efficiency while continuing to support Innovation in cryptography.

Pepe Price Forecast After 16.5% Monthly Growth – What’s Next for PEPE?
Analyzing the monthly chart, PEPE price has increased by 16.5% to reach $0.00001155. The gains reflect strong bullish momentum over the last month. However, the recent consolidation within the symmetrical triangle pattern suggests that the uptrend may be temporarily stalled.
Immediate resistance on the monthly chart lines up with the daily chart, with key resistance levels at $0.00001228, $0.00001278, and $0.00001334. On the support side, $0.00001145, $0.00001109, and $0.00001079 are key levels.
Given the 16.5% gain, traders should be on the lookout for a breakout of the Symmetrical Triangle pattern.

PlayDoge ($PLAY), a play-and-earn (P2E) meme coin, got off to a fast start, surpassing the $5 million milestone in pre-sales.
The fundraising effort was launched at the end of May, raising $200,000 in just a few minutes, and has now grown 25x, making it clear that PlayDoge has the potential to become the next top meme coin.
The surge in investor attention could push PlayDoge to rival the likes of Floki ($FLOKI), and possibly even surpass it.
What makes PlayDoge unique is that it combines two very popular themes: meme coins and games, specifically those from the 90s. It allows users to own a virtual Shiba Inu, play with it, care for it like a Tamagotchi, and receive its native token $PLAY as a reward.

AI meme coin WienerAI ($WAI) is making waves in its ongoing presale campaign, having recently passed the $6 million milestone.
The upcoming launch of WienerAI’s artificial intelligence trading bot has piqued investors’ interest in its potential to simplify the crypto trading experience in the future.
The practicality of this innovation, combined with the adorable sausage dog mascot, puts WienerAI on track to surpass CorgiAI ($CORGI), Turbo ($TURBO), and Grok ($GROK) in the race for AI meme coins.
But unlike these tokens that may have reached their peak, WienerAI’s native token $WAI is still in the pre-sale stage at a price of $0.00072.

SHIB had earlier gained 2.5%, with the price of Shiba Inu reaching $0.00001852, while the crypto market was only up 0.5%.
Despite this rise, the meme token is still down 16.5% in one week and 28% in two weeks, although it has maintained a respectable 155% gain in one year.
Given its recent losses, its underlying long-term momentum allows traders to buy when prices first start to rebound.
Additionally, as one of the major meme coins with the strongest fundamentals, Shiba Inu Coin may be on the verge of seeing some solid gains soon.
Shiba Inu Coin (SHIB) Price Rebounds – Is It Time to Buy?

Ethereum is currently hovering just below the $3,540 pivot point and is trading at $3,536. Bloomberg ETF analyst Eric Balchunas raised eyebrows with his prediction that a spot Ethereum ETF could begin trading as early as July 2.
This unexpected acceleration comes after reports that SEC staff had provided S-1 responses to ETF issuers, with Balchunas describing the comments as "fairly minor" and "without significant issues."
Balchunas believes the SEC could finally approve the ETFs before the Independence Day holiday, well ahead of the September timeline SEC Chairman Gary Gensler previously indicated.

Large Solana (SOL) holders, commonly known as whales, recently moved over $500 million in SOL across six large transactions in 24 hours.
Of these, 1.6 million SOL (approximately $230 million) were transferred to a wallet associated with Coinbase, possibly suggesting an intention to sell, but the majority of transactions - 80% - were transferred to unknown wallets, indicating that this was asset management rather than Massive sell-off.
Although the price of SOL has dropped recently, activity on the Solana network has surged due to the ongoing memecoin craze. This increased activity suggests that interest in SOL remains strong despite whale moves.

After raising $3.8 million in its initial coin offering (ICO) in two weeks, Play-to-Earn (P2E) meme coin PlayDoge ($PLAY) is now cross-chain, announcing Ethereum staking, in addition to support for its main chain Staking on BNB.
Yesterday’s (11th) news means that PlayDoge’s $PLAY token can now be used on the Ethereum and BNB chains, and can be bridged between the two. However, the BNB chain remains the main chain and will be used in the upcoming 8-bit P2E gaming ecosystem.
PlayDoge combines the iconic Doge meme (which inspired six of the top ten meme coins by market cap today) with the beloved Tamagotchi 90s Tamagotchi game to create a fun virtual gaming experience. Players earn the native token $PLAY through games.

WienerAI ($WAI), the new AI meme coin craze, has surpassed the $5.5 million mark in pre-sale, attracting great attention from the crypto community.
With an additional $2 million raised in less than two weeks after raising $3.5 million, the project is expected to be a hit in the pre-sale.
WienerAI combines the power of artificial intelligence (AI) and blockchain technology to provide a unique trading platform that promises an enhanced trading experience for all users. Adding to its appeal is its charming dachshund mascot, which adds a touch of fun to the entire project.
Currently, its native Ethereum-based token $WAI is priced at $0.000717, which will increase to $0.000718 during the next phase of the presale. Early investors who purchase $WAI at current prices can expect to reap huge gains once it is listed on global exchanges. The question is, can $WAI rise as sharply as Turbo (TURBO)?