{"id":77038,"date":"2025-06-30T07:00:22","date_gmt":"2025-06-30T07:00:22","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=77038"},"modified":"2025-06-30T07:00:22","modified_gmt":"2025-06-30T07:00:22","slug":"analyst-says-buying-this-meme-coin-is-a-3x-leveraged-play-if-solana-etfs-go-live","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=77038","title":{"rendered":"Analyst Says Buying This Meme Coin Is A 3X Leveraged Play If Solana ETFs Go Live"},"content":{"rendered":"

As the crypto market looks toward a recovery and the likes of Solana make their way out of losses, a crypto trader has called out one meme coin that could be a great play as the SOL price recovers. The BONK meme coin, currently the largest meme coin in the Solana ecosystem<\/a> and billed for triggering the revival of the blockchain, continues to receive a lot of support as a meme coin that could outperform as the market ushers in the next altcoin season.<\/p>\n

Solana\u2019s BONK Meme Coin Is The Play<\/h2>\n

Crypto analyst and trader Unipcs became popular in crypto circles on the social media platform X (formerly Twitter) after turning $16,000 into more than $10 million with a long BONK trade. Despite making what many have referred to as a life-changing trade, the trader has refused to close this trade, with the expectation that the meme coin will continue to rise.<\/p>\n

In a recent post<\/a>, Unipcs has once again reiterated his support for the BONK meme coin<\/a> and why he believes it\u2019s a great play to be involved in. The post mainly points to bullish developments surrounding the Solana ecosystem and why BONK could be a way to maximize gains as the Solana price rallies.<\/p>\n

The first bullish development the crypto analyst points to is the fact that a Solana ETF is expected to hit the market soon<\/a>. When this happens, the Solana price is expected to recover in response, possibly rising toward new all-time highs, something that would translate into more bullishness for meme coins domiciled on the blockchain.<\/p>\n

As for BONK, Unipcs explained that the meme coin acts as a 3X leveraged bet on the Solana price<\/a>. This is because historically, the BONK price has often risen 3X higher than any gains that Solana puts in. Its highly volatile nature as a meme coin also contributes to this, as it is prone to rapid bursts of rising prices, the same way it is prone to quick crashes.<\/p>\n

Furthermore, the expectations of a Solana ETF being approved by the Securities and Exchange Commission (SEC) are not the only thing propelling the bullishness of BONK. BONK, itself, also has a pending ETF filing with the commission, and the approval of a Solana ETF<\/a> increases the likelihood of a BONK ETF approval, giving the meme coin even more fuel to rally.<\/p>\n

Given these bullish factors, the crypto analyst believes that being in BONK could be a good play<\/a>, especially as the price remains 75% below its all-time high. \u201cFf we do get Solana season soon, you do not want to be underexposed to BONK,\u201d Unipcs said in closing.<\/p>","protected":false},"excerpt":{"rendered":"

As the crypto market looks toward a recovery and the likes of Solana make their way out of losses, a crypto trader has called out one meme coin that could be a great play as the SOL price recovers. The BONK meme coin, currently the largest meme coin in the Solana ecosystem and billed for […]<\/p>\n","protected":false},"author":0,"featured_media":77039,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-77038","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/77038"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=77038"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/77038\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/77039"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=77038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=77038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=77038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}