As Solana continues its back-and-forth negotiation with the Securities and Exchange Commission (SEC) regarding the most anticipated Solana ETF, meme coin enthusiasts are slowly shifting attention to newer assets, pending a possible approval. Among those emerging meme coins is the Wall Street Ponke ($WPONKE), and the odds during this presale stage are beginning to look good. Solaxy ($SOLX) coin, although yet to be launched, has been affected by this delay in SEC’s approval since it runs on a Solana blockchain.
Grayscale Investment filed for a Solana spot ETF on April 4, 2024, but no positive feedback has been received at the moment. The recent application is under review by the commission, alongside over 70 other applications from different applicants seeking approval for Solana and XRP ETFs. This delay has caused quite a shift in the market, and Wall Street Ponke is about to have a field day with this development.
What you'll learn 👉
Why Are Solaxy Investors Shifting Interest?
The impatience among meme coin investors, mostly caused by the delay in SEC’s approval of Solana ETF has pushed them into finding a viable alternative to Solaxy. SEC, on their part claims the delay is necessary for a thorough review of the application, making sure it’s in line with the Section 6(b)(5) of the Exchange Act. This will ensure it is protected against any type of fraud or market manipulation.
This development has compelled Solaxy investors to come to terms with the usefulness of Ponke. It has further proved its impending possibility of a 100x. The management of Ponke has also made it clear that it aims to create a more transparent, safer, cryptocurrency transaction that solves the current challenges encountered in the ETH blockchain: another reason an average Solaxy investor should stick around!
Solaxy management is uncertain about the aftermath of the launch, with the belief that the delay in the Solana ETF may indirectly affect the coin after its launch. The launch is expected to happen in 22 days. Solaxy investors have decided to take solace in Ponke’s infrastructure: an AI-driven detection system that facilitates a transparent transaction on the cryptocurrency market. And for the fact that it provides alerts in real-time in the event of suspicious transactions makes it more attractive to both investors and users.
The Wall Street Ponke: The Coin Made For The Future
The value of Ponke lies in its futuristic properties, assuring an average investor not only safety but a plethora of advanced benefits. The decentralized feature of the Wall Street Ponke protects the privacy of the user and goes as far as protecting it against wallet tracking using the Layer 2 platform.
And because of its people-related traits, Ponke is currently building a strong community of traders. It’s currently giving them the required tools and resources needed to navigate. This coin has been instituted to shift its profitability traits from whales to regular users and developers.
More Reasons Ponke’s 100X Journey Will Persist
Ponke has done quite a good job of gaining user’s trust. This is why the coin’s journey to 100X is looking like a reality. Below are reasons for Ponke’s 100X performance:
• The Tokenomics: the coin’s tokenomics shows that it has over 20 billion in total supply, enough to cover a large user base. And most interestingly, it has a 10% staking reward for users who are considering staking their assets.
• Company Vision: the company’s vision revolves around technology, with Ponke determined to restore confidence in global blockchain technology.
• Massive Educative Outreach: The team at Ponke is putting a lot of effort into making sure that cryptocurrency users are well educated on the existence of Ponke, using what they termed a “collaborative education platform.”
The next decision on Solana ETF application will happen in June 2025, with the latest approval standing at 15%. Till then, Wall Street Ponke is expected to continue its journey to 100X as more people buy into the project.
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Official website and socials:
Official website: https://wallstreetponke.com
X (Twitter): https://x.com/Wallstreetponke
Telegram: https://t.me/wallstreetponke
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