Solana degens create ETF-themed meme coins following SEC's Bitcoin ETF approval

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Cointime2024/01/11 01:06

By:Cointime

Solana degens quickly created a number of ETF-themed meme coins following the Securities and Exchange Commission's approval of a spot Bitcoin ETF in the United States. One such coin, ETF, shot up 30,800% in value to a valuation north of two cents within minutes of the SEC's decision. However, the coin's value quickly began to deflate and currently has a market capitalization of around $93,000. Another token, BTCETF, also saw tremendous highs and lows in the last few hours, skyrocketing 43,000% after the SEC's announcement before crashing to a market capitalization of just $69,000.

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