Solana (SOL) price has surged by almost 9% this week. The coin has climbed from a low of $124 to a high of $144. According to CoinGecko data, SOL briefly touched $150 before falling back to its current levels.
This surge has also helped the price of the meme coins built on Solana. The main reason for the sudden pump appears to be VanEck’s filing for a Solana ETF.
Meme Coin Resurgence on Solana
The positive sentiment surrounding Solana has spilled over into its meme coin market, with several tokens experiencing notable gains.
Book of Meme (BOME) has emerged as one of the top performers. BOME’s price has surged by 15.1% to reach $0.01044. BONK, another popular Solana meme coin, has seen a 7.8% increase in its price.
Popcat has exhibited one of the largest pumps in the Solana meme coin ecosystem, surging by 20% in the last 24 hours.
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While not as dramatic as other meme coins, dogwifhat has also participated in the rally, rising by 3.3% over the past 24 hours.
We have seen a similar price surge in the past where Solana meme coins pumped after the Solana price surged. While the filing of a SOL spot ETF is just the first step of a very lengthy procedure, the approval of a Solana ETC could potentially push the Solana ecosystem meme coins to the moon.
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