• Leshka.eth thinks Solana memecoins will dominate the next bull cycle.

  • The influencer believes a Solana ETF approval will power a SOL ecosystem bull run.

  • VanEck and 21Shares have filed for Solana ETFs with the SEC.

Crypto influencer Leshka.eth, with a following of over 132,000 on X (formerly Twitter), believes that memecoins on the Solana ecosystem could be the next big thing in the crypto bull market. In a recent post, the analyst highlighted that a Solana (SOL) ETF approval would be the catalyst for this predicted memecoin rally.

$SOL ETF Approval will happen after $ETH ETF!Solana memes are the MAIN narrative of this cycle. Imagine how far up it can go after ETF approval?Start accumulating strongest now to harvest profits in 3-6 months.Here are the TOP-10 highest-potential $SOL memes🧵👇 pic.twitter.com/XEBj9GQZ9P

— Leshka.eth ⛩ (@leshka_eth) July 8, 2024

Leshka.eth is confident that the SEC will approve Solana ETFs soon, following the recent approval of Ethereum ETFs. Using a chart illustration, the influencer suggested that a Solana ETF approval could spark significant rallies among memecoins on its network, predicting gains as high as 200%.

The influencer pointed to recent Solana ETF filings by institutional investors like VanEck and 21Shares as key events supporting his prediction. These filings, less than two weeks ago, mirror a similar pattern that preceded the recent Ethereum ETF approval.

According to Leshka.eth, the recent filings by the investment giants are consistent with the historical pattern leading to the recent Ethereum ETF approval. He noted that something similar occurred six months ago, weeks before rumors emerged about an upcoming Ethereum ETF approval by the SEC.

Leshka.eth’s forecast resonates with many in the crypto community who anticipate a Solana ETF approval soon. They believe that approving SOL ETFs would attract significant capital to the Solana ecosystem, positively impacting the prices of tokens built on the blockchain, with SOL leading the charge.

SOL currently trades at $142.97, having rebounded from a recent pullback, according to TradingView data. The altcoin bounced off strong support around $120, reigniting bullish sentiment among SOL holders as the broader crypto market seeks to regain its momentum.

The post Will Solana Follow Ethereum’s Lead? Influencer Sees Memecoin Boom After ETF Approval appeared first on Coin Edition.