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9GAG Co-Founder’s Meme Strategy Buys Solana, Shares Jump 20%
- Meme Strategy, acquired by 9GAG’s co-founder, purchased 2,440 Solana tokens worth approximately HK$2.9 million, signaling its entry into the crypto world.
- Solana is recognized as a key player in decentralized applications, DeFi platforms, and Web3 innovation.
- Meme Strategy views the SOL investment as a strategic treasury move to engage in the expanding ecosystem, earn passive income through staking, and diversify its digital asset portfolio.
- 9GAG co-founder Ray Chan recently rebranded and acquired Meme Strategy, shifting focus towards blockchain, crypto, and Web3, hinting at a potential Bitcoin allocation.
- As a result of the strategic move, Meme Strategy's shares surged over 21%, currently trading at HK$2.42.
- Solana, trading at $157.00, experienced a 6.80% increase, with a market cap of $4.48 billion.
- Market sentiment around Solana remains positive, with a growing interest in the potential approval of a Solana ETF by the US SEC.
- Bloomberg analysts predict a rise in Altcoin ETFs, with Solana expected to lead the way.
- Institutional interest in cryptocurrencies is rising, as seen by companies like Metaplanet and Mercurity Fintech Holding Inc. increasing their Bitcoin holdings.
- Regulatory progress hints at the possible launch of a Solana ETF in the near future.
- Investors support Meme Strategy's shift towards blockchain and crypto, with a belief that Solana will be a crucial part of their digital strategy.
- Recent news involves the US SEC blocking a $1 billion Solana DeFi project, leading to the withdrawal of an S-3 filing.
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