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07/10 09:35

ETF Adoption Drives Memecoin Rally on Solana Prom

ETF Adoption Drives Memecoin Rally on Solana

Prominent trader @ali_charts called this a “textbook bullish retest” and predicted that Memecoin’s price would surge to $0.060 by August as investor confidence grows. The ETF filed by Canary Capital Group will integrate PENGU, Pudgy Penguins’ NFTs, and well-known cryptocurrencies such as Solana (SOL) and Ethereum (ETH).

If approved, this would be the first NFT-memecoin fund, connecting Web3 innovation with Wall Street’s regulatory framework. Market analysts see this as a paradigm shift for retail-oriented digital assets.

According to the filing, the ETF will invest 80-95% of spot PENGU, 5-15% of select Pudgy Penguins NFTs, and a small amount of SOL and ETH for liquidity. This combination of portfolios creates a rare hybrid structure that combines cultural intellectual property and blockchain-native assets to achieve long-term value demonstration in the open market.  

#Do you think Tanssi is promising? #Do you think BLUM is promising? #Do you think NPC is promising? #Do you think SQD is promising?#Do you think BULLA is promising?

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