Solana ETF Fuels Meme Coins, Sealana ($SEAL) ICO Nears $2.5M in Presales

The US Home of Representatives has honest loyal handed a bill establishing rules for digital resources, including cryptocurrencies. 

This switch comes amid Brian Kelly’s (a indispensable crypto investor) speculation on CNBC a few attainable Solana ETF. His prediction comes honest loyal earlier than the Securities and Alternate Commission (SEC) decides on a proposed put of abode Ether ($ETH) ETF.

Whereas the capability forward for a Solana ETF stays to be considered, the meme coin scene on Solana ($SOL) is heating up. Tokens like DogWifHat ($WIF) and Popcat ($POPCAT) grew by 8.40% and 14.93% this month, respectively.

Equally, Slothana ($SLOTH), which only in the near past made waves on presale and raised over $15M, surged over 70% put up-itemizing. 

And now, the next sizable meme coin is on the horizon – Sealana ($SEAL). $SEAL has secured $2.5M loyal through its preliminary coin offering (ICO) and reveals no indicators of forestalling. At the present time, we cloak the loyal technique to take part in $SEAL’s ICO. 

Unpacking the FIT21 Invoice – Are Rules a Staunch Thing?

The FIT21 bill assigns the Commodity Futures Trading Commission (CFTC) as the principle regulator for digital resources. The CFTC is in general notion of more crypto-pleasant than the Securities and Alternate Commission (SEC).

Moreover, the bill handed with a surprisingly primary vote of 279–136, with main give a enhance to from both Democrats and Republicans, exhibiting a rising acceptance of crypto in the future of the political spectrum.

Overall, unique legislation is a double-edged sword.

Interestingly, both President Biden and SEC Chair Gary Gensler strongly oppose the bill.

Rep. Maxine Waters criticized the bill for insufficient user protections.

She argued it may maybe actually well allow some crypto agencies to lead clear of accountability for violating existing securities licensed guidelines.

On the one hand, tightening rules raises centralization concerns and may maybe well well self-discipline off indecent volatility in the market. 

On the substitute hand, this is the main critical crypto bill to be accredited by a chamber of Congress. We ask it to lengthen mainstream crypto adoption by constructing belief among institutional merchants and US patrons. 

$SOL ETF 

Crypto ETF news has grabbed many headlines lately:

Now, Brian Kelly speculates that $SOL is poised to be subsequent, on condition that $BTC is already trading on the futures market and $ETH ETF is on the capability. 

Oh weird and wonderful @cnbc says $SOL is the next ETF.

Hmm, where contain I heard that earlier than… pic.twitter.com/aYAedMhcM0

— ◢ J◎e McCann 🧊 (@joemccann) Might perhaps also honest 22, 2024

A $SOL ETF would allow merchants to profit from the token’s impress fluctuations with out procuring for the crypto themselves.

This would well introduce $SOL to a broader investor pool, increasing its liquidity and price. Despite the proven truth that the $SOL ETF hasn’t been accredited yet, speculations on the matter contain ignited hype in the future of the coin. 

Veritably, other tokens on the network apply ride well with, and this pattern is already evident: 

Beyond established tokens, we explore unique initiatives like $SLOTH raising thousands and thousands on ICO and surging 156% in a day. 

The success of such presales solidifies Solana as the main platform for meme money. 

$SEAL ICO

$SEAL is the latest Solana token with primary attainable for repeating $SLOTH’s triumph. The project raised $130Good ample in below 24 hours from launching the ICO and now stands at $2.5M. 

Admire many meme money, $SEAL has no utility and depends totally on neighborhood sentiment. But, the project’s ironic play on American culture has attracted over 5K followers on X. 

Rumors dispute the $SLERF team is in the reduction of $SEAL. This follows a $10 million token burn in $SLERF that some imagine used to be a unsuitable are trying and revive the project. 

Fortunately, $SEAL continues to impact traction, and the timing amidst Solana meme coin hype is great for its ICO. It has no tiered impress increases – instead, $SEAL uses a send-to-pockets system with a fastened impress of $0.022. 

Now, let’s ruin down the loyal technique to bewitch $SEAL earlier than it goes live at a below-itemizing impress:

⚠️ You obtained’t obtain the tokens right away. They’ll be airdropped once the presale is over.

Final Suggestions 

As we explore how rules flip out for the broader crypto market, one thing’s for distinct: the occasion’s calm on in the meme coin scene, in particular on Solana.

$SEAL has all prospects of becoming the next sizable meme token, which is evident from sure neighborhood sentiment. 

In the period in-between, we need to remind you to continually DYOR and below no circumstances tumble for FOMO. The crypto market is unstable, so don’t make investments more than you’re ready to lose.