Deep dive into the latest WIF Price Analysis amid news that DogWifHat is rallying after two firms applied for a spot in Solana ETFs. But with Solana meme coins on the rally, could a new viral coin, Pepe Unchained, be the next pump?
There’s no denying – June was tough for meme coins.
If anything, top meme coins like Dogecoin, Shiba Inu, and Pepe are still in red from a top-down preview, even amid the resurgence at press time.
To put the numbers in perspective, though DOGE is up 7% in the last week, it is still down 30% from May highs. At the same time, SHIB is flat at spot rates and down 40% in the last six weeks.
The dominant trend, even with the spike, is bearish, and this preview will remain until there is a rapid shift, like what’s happening with WIF.
WIF Price Analysis: Solana Meme Coins Are Pumping As 21Shares And VanEck File For Spot Solana ETFs
Trackers show that WIF, the native token of the meme coin project, DogWifHat, is one of the top performers, according to the performance in the daily chart.
WIF is up 12% on the last day, pushing weekly gains to over 40% in the previous week alone.
Besides MOG, a new meme coin that’s up nearly 90% in the previous seven days alone, WIF is among the top performers, cementing its position at fourth.
The upsurge follows two asset management firms, VanEck, and 21Shares, filing for the first spot Solana ETF in the United States.
Though a Solana futures product is not available on CME–unlike Bitcoin and Ethereum–, the decision to file with the strict United States SEC is massive.
Even so, the chances of this derivative going live this year are slim. However, SOL will be on the institutions’ radar if it succeeds, pumping its ecosystem and driving top meme coins.
If buyers press on, WIF will likely break above May’s high of $4 and surge to all-time highs of nearly $5.
(WIFUSDT)
Currently, WIF bulls need to break $2.5. If buyers take over, the meme coin would have shaken off June’s sellers, paving the way for further gains toward $4 and $5 in the medium term.
Pepu Unchained Is The New Frog King: All Hail PEPU
While WIF basks in the spotlight, the Pepe Unchained presale is also pumping. Pepe Unchained has raised over $1.7 million in the ongoing presale and is fast approaching the $1.9 target at this stage.
PEPU, the native token, is trading for just $0.0081939 and can be bought using USDT, ETH, or debit/credit cards.
Smart investors who want to earn passive income can stake, receiving a 1,119%. Currently, over 140 million PEPU have been staked.
Pepe Unchained is rapidly gaining traction. As investors pour in ahead of the planned launch of a meme coin-centric layer-2, Pepe Unchained has what it takes to dethrone PEPE.
News of whales unloading PEPE is casting a shadow on the meme coins.
It is also deployed on the mainnet. Accordingly, PEPE holders have to contend with low transaction speeds and high gas fees, which erode user confidence.
For what PEPU primes, the layer-2 platform and the strong, vibrant community of grassroots support, analysts think the meme coin will easily be 100X on launch.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
