The post Brazil Approves Solana ETF But Top Meme Coin BONK Unmoved appeared on BitcoinEthereumNews.com.

SPONSORED POST* Solana has seen a second ETF go live in Brazil, while Bonk remains bearish with little sign of meme strength. As the market reacts to this news, Rollblock ($RBLK) continues to draw in the crowds as investors look forward to 100x gains in the coming months. Solana (SOL) Brazilian ETF Gets The Green Light  A second Solana (SOL) ETF has been approved this week after Brazil’s securities regulator, the Comissao de Valores Mobiliarios stamped the necessary paperwork to green-light the spot Solana fund. This follows news in the US that the SEC has put the brakes on recent US  Solana applications on regulatory grounds.  Solana has been lagging the wider market recovery recently, but has had a positive week and finds itself up 1.98% to $145.32. Solana looks ready to pump on the arrival of increased institutional inflows and could soon target the range highs above $155. Bonk ($BONK) Losing Momentum At $0.000019 Bonk ($BONK) has remained in a period of prolonged downturn, as hype around the Solana meme coin has faded to a whimper in recent months. Bonk finds itself down 36% in the last 30 days, as it has descended to $0.000019. Bonk rose to fame earlier this year when its airdrop to holders of the Solana phone gained in value so much that the phone became essentially free to users of the network. Bonk holders will now be wondering whether to cut their losses or if a further Bonk rally is on the cards. Technical indicators including RSI, however, are all flashing bearish, suggesting that further Bonk downside is likely. Rollblock ($RBLK) Serves Up Paralympic Giveaway Mania Rollblock ($RBLK) is a brand new, cutting-edge casino token set to take an enormous slice of the $450 billion online gambling pie. Rollblock encrypts all financial transactions onto…

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Filed under: News - @ August 25, 2024 10:48 pm