Analyst Says Buying This Meme Coin Is A 3X Leveraged Play If Solana ETFs Go Live
The BONK meme coin is gaining attention as a potential investment amid a recovering crypto market, particularly with Solana's price expected to rise. Crypto trader Unipcs, known for turning $16,000 into over $10 million through BONK trades, continues to support the coin, citing bullish developments in the Solana ecosystem. A Solana ETF is anticipated to launch soon, which could drive Solana's price upward and positively impact meme coins like BONK. Historically, BONK has shown a tendency to rise three times higher than Solana's gains, making it a leveraged bet on Solana's performance. Additionally, BONK has a pending ETF filing, and the approval of a Solana ETF could enhance the chances of BONK's approval, further fueling its potential rally. Currently, BONK's price remains 75% below its all-time high, suggesting significant upside potential.
