- Trump coin’s success has proven to be a major turning point for crypto this season.
- Liquidity is flowing into Solana-based meme coins like WIF and BONK.
- BONK shows potential for 50% growth, offering short-term profit opportunities.
Donald Trump’s newly launched meme coin has quickly surged past Dogecoin, reaching a fully diluted valuation (FDV) of $60 billion. The launch hints at a turning point for crypto, leading to more pro-crypto policies in the U.S. and more mainstream attention for the industry. This shift could also have long-term benefits for altcoins, especially Solana-based meme coins could experience a revival as liquidity flows back into the Solana ecosystem.
This current cycle is different from traditional crypto trends, where Bitcoin often leads into Ethereum and larger altcoins. Instead, there is a liquidity shift directly from Trump-related tokens into Solana, and potentially into other Solana-based altcoins.
In the past, Solana-based meme coins have experienced fluctuations, with many recording losses as liquidity shifted toward newer tokens. Now, after the launch of Trump’s meme coin, some Solana meme coins like WIF and BONK are back in the spotlight.
Can WIF and BONK Bounce Back?
According to analyst Miles Deutscher, WIF stands out due to its solid risk/reward profile. With clear levels of invalidation around $1.30, it is being considered as an opportunity, particularly if the price reverts to previous highs. A 60% return could be possible if the market sees a bounce-back in the coming weeks, especially once the Solana-Trump token trend starts to slow down.
BONK’s is also showing an upward trend. Currently, BONK is priced at $0.000032, with resistance around $0.000050. If BONK breaks through this resistance, it could hit the target $0.000075, offering a 50% increase in the short term, or even a more than 2x gain from current levels.
Meme Coins on Solana
The analyst also believes that the fundamental strength of meme coins on Solana, particularly those with clear use cases, could result in a resurgence of interest once the initial wave of hype begins to cool down.
While some are taking profits now, the long-term effects of this pro-crypto momentum could drive more innovation and opportunities in the U.S. crypto market. The launch of Trump Coin may have opened the door for more projects and businesses to get involved in crypto, hinting at a new era for the industry.
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