Join Our Telegram channel to stay up to date on breaking news coverage
Recent developments suggest that meme coin-based ETFs (Exchange-Traded Funds) could soon become a reality, particularly with the United States’ newly crypto-friendly leadership.
These potential ETFs, including $TRUMP, $DOGE, $BONK are drawing significant attention as the market speculates on the broader implications for liquidity and mainstream adoption.
With former President Donald Trump back in office and vocal about making the U.S. a global hub for cryptocurrency innovation, the sector is witnessing rapid regulatory shifts. Among the notable moves is the appointment of Mark Uyeda as the new SEC chairman, replacing Gary Gensler.
Uyeda’s pro-crypto stance is expected to facilitate approvals for innovative financial instruments such as meme coin ETFs, which could bring credibility and stability to a market often criticized for its volatility.
SEC filing marks turning point for meme coin ETFs: What it means for the market
Meme coin ETFs are increasingly gaining traction, with filings now being submitted to regulatory bodies like the SEC. According to Cointelegraph, the first filing for $TRUMP, $DOGE and $BONK ETFs was received on January 21, signaling a pivotal moment for the meme coin sector.
Dmitrij, the founder of Zekret and CTO of Fideum Crypto, has expressed optimism, noting that Uyeda’s leadership makes approvals more likely. The potential launch of these ETFs could significantly enhance liquidity while introducing meme coins to a broader audience of institutional investors.
This development underscores a significant shift in the market’s perception of meme coins. What was once considered a niche corner of the cryptocurrency world is now poised to achieve mainstream acceptance, bolstered by high-profile endorsements and growing retail interest.
OFFICIAL TRUMP (TRUMP)
Trump’s meme coin recently launched, creating significant waves in the cryptocurrency market. The coin was strategically introduced just two days prior to Trump regaining power, resulting in a massive surge in its value, with prices skyrocketing by thousands of percent.
Early investors capitalized on this explosive growth, but the momentum proved to be short-lived. The market experienced a substantial sell-off, leading to a notable liquidity rotation as funds shifted from other prominent meme coins into Trump’s token.
Although the token is currently down 18% for the day, it has posted an impressive 331% gain since its listing. While this downward trend may present a potential buying opportunity for investors speculating on the approval of a related exchange-traded fund (ETF), caution is advised.
The approval of the ETF could provide a catalyst for $TRUMP coin to surge past its previous all-time highs. However, the inherent risks of investing in celebrity-linked tokens—such as unpredictable market reactions and volatility—should be carefully considered by potential investors.
Dogecoin (DOGE)
Dogecoin, often regarded as the pioneer of meme coins, remains a safer bet for cautious investors. Despite a minor 2% drop, the token has gained 7% over the past month and shows strong bullish potential.
While Dogecoin’s past peak was around $0.73, some analysts suggest that a successful ETF approval could send the price to $2-$3 in the short term. The broader expectation is that the price could eventually soar to $5, though such a jump might be more likely in a future bull market, rather than the current one.
For those seeking a more stable investment in the meme coin space, Dogecoin is an attractive option.
Bonk (BONK)
Bonk token shows strong potential, with expectations that it could reach a $100 billion market cap by 2025. Currently at a $2.3 billion market cap, a 50x growth would push it to $100 billion, though even achieving a $50 billion market cap would still provide excellent returns.
The optimism surrounding Bonk stems from it being the first dog-themed meme coin on the Solana blockchain, as well as the largest meme coin on Solana by market cap. Given the strong performance of Dogecoin, particularly if it hits a $200 billion market cap, there’s a belief that Bonk could follow a similar path and reach a market cap between $50 billion and $100 billion.
Even if Bonk doesn’t reach those targets, a $10 billion market cap is still within the realm of possibility, offering solid returns for investors. Despite being down 3% for the day and almost 12% over the past week, Bonk is seen as undervalued, which could present a prime entry point for those looking to invest.
With a loyal community and a history of hitting all-time highs, the recent ETF filing has been drawing attention to Bonk. This, combined with its position as the top dog-themed meme coin on Solana, suggests a potential resurgence, making it an attractive option for risk-tolerant investors seeking substantial upside.
Wall Street Pepe (WEPE)
Wall Street Pepe is generating significant buzz and shows strong growth potential for the upcoming market cycle. The project is designed to support smaller investors by offering access to insider trading tips, Alpha calls, and strategies, much like the Wall Street Bets community during the 2020-2021 stock rally.
It aims to level the playing field by reducing the dominance of crypto whales and empowering retail investors. The presale has already raised an impressive $59.6 million in just 22 days, demonstrating strong confidence from investors. To learn more about how to buy Wall Street Pepe tokens, check out our detailed guide.
Source – Wall Street Pepe Twitter
There’s been notable whale involvement in the presale, with transactions exceeding $2.1 million. Wall Street Pepe has the potential to achieve similar success as other meme coins like Pepe Unchained, offering substantial returns.
With meme coin search volumes reaching all-time highs and rising interest in crypto, investors have a limited window to secure their positions before Wall Street Pepe goes live. For those looking to participate in the Wall Street Pepe presale, head over to wallstreetpepe.com.
Related
- Wall Street Pepe Hits $58.5 Million After Raising $4.5 Million In 72 Hours As FOMO Hits Fever Pitch
- Pepe Unchained Price Prediction: PEPU Surges 11% As Wall Street Pepe Raises $2.5M In 24 Hours Amid A FOMO Frenzy With Time Running Out
- PUMP TRUMP Price Prediction: PUMPTRUMP Skyrockets 334% As Wall Street Pepe Presale Blasts Past $54M With Time Running Out
Newest Meme Coin ICO - Wall Street Pepe
- Audited By Coinsult
- Early Access Presale Round
- Private Trading Alpha For $WEPE Army
- Staking Pool - High Dynamic APY
Join Our Telegram channel to stay up to date on breaking news coverage
