Solana has experienced a 5% decrease in the last 24 hours, with the SOL price dropping to $182. Despite this dip, the altcoin is still up by 3% in a week and 29% in a month, with a notable 630% increase in the past year. The Securities and Exchange Commission has amended its legal complaint against Binance, which could be bullish for Solana. If the SEC no longer considers SOL a security, it could pave the way for a Solana-based ETF. This development could lead to a rise in the SOL price, with traders anticipating a potential ETF for Solana in the future. The probability of a SOL ETF is increasing, with spot Bitcoin ETFs and Ethereum ETFs already in existence, and institutions filing for a similar fund for Solana.
Solana’s chart indicates a potential bounce back in the near future, with its relative strength index rebounding from 30 to over 40. While the 30-day average has been falling, SOL’s support level has remained strong over the past week. The recent SEC news suggests that the SOL price may start to rise significantly, with traders expecting an ETF approval. The platform has seen significant growth, with $5.4 billion in total value locked, up from $1.5 billion in January. The SOL price is anticipated to reach $200 in the coming weeks, and a Solana ETF could help it surpass its record high of $259 by the end of the year.
Pepe Unchained, a layer-two project on Ethereum, has raised over $6 million in its presale. The project aims to offer instant transactions and low fees, competing with existing layer-twos like Base and Optimism. Pepe Unchained’s network will establish an ecosystem for meme tokens, providing double the staking rewards as an incentive for long-term holding. With a maximum token supply of 8 billion PEPU and a significant demand expected upon launch, Pepe Unchained has generated interest among investors. The coin’s X account has over 9,000 followers, indicating a potentially large community in the future.
Investors can participate in PEPU’s sale on the official website, purchasing tokens using ETH, BNB, USDT, or fiat currency. The current price per token is $0.0087693, but its success in the presale suggests that the price may rise significantly upon listing. While Solana remains a strong investment option, newer tokens like Pepe Unchained present opportunities for high returns in the coming months. With its innovative layer-two network and promising ecosystem for meme tokens, Pepe Unchained has attracted attention from investors looking to diversify their portfolios. It is important to note that investing in cryptocurrencies carries significant risk, and individuals should conduct their own research before making investment decisions.
