menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Shiba Inu News

>

BONK to La...
source image

Crypto-News-Flash

1M

read

191

img
dot

Image Credit: Crypto-News-Flash

BONK to Launch First Meme Token ETP – Could a 200% Surge Be Next?

  • Bonk (BONK) could become the first meme coin to launch an Exchange-Traded Product (ETP) in collaboration with Osprey Funds, as announced at the Solana Breakpoint event.
  • Despite the bearish trend, analysts predict a 200% surge for BONK as the coin touches its crucial support level, supported by bullish signals from the MACD indicator and positive sentiment above the Bollinger Band.
  • This move by BONK could potentially pave the way for the first meme coin Exchange-Traded Fund (ETF), allowing investors to gain exposure to meme coins in a secure and familiar package.
  • However, regulatory considerations and community sentiment regarding the speculative nature of meme coins like BONK and SHIB may need to be addressed before institutions fully embrace the idea of a meme coin ETF.

Read Full Article

like

11 Likes

For uninterrupted reading, download the app