War Meme Coins on Solana Explode
After the US airstrike in Iran (06/22/2025), war-themed meme coins on Solana skyrocketed, reflecting speculation based on public sentiment (Decrypt). BunkerCoin surged 1,964% to $5.14 million in market cap, but fell 78% to $1.13 million. Werld Wur Thwee peaked at $1.54 million, then dropped 89% to $167,000. Make Iran Great Again and Sticks and Stones reached $832,530 and $1.56 million, respectively. These tokens, launched on Pump.fun, raised ethical concerns, with Victor Teixeira (Contango Digital Assets) criticizing the lack of awareness.
ProCap Financial Launches $1 Billion SPAC
Anthony Pompliano announced a $1 billion merger, creating ProCap Financial, listed on Nasdaq through a merger with Columbus Circle Capital. ProCap raised $750 million, holding $1 billion in Bitcoin (~$102,000, CoinGecko), implementing risk reduction solutions to generate revenue, different from Strategy or GameStop. Coinbase warns of systemic risk if Bitcoin prices drop sharply.
Strategy and Metaplanet Continue to Accumulate Bitcoin
Strategy purchased 245 Bitcoin ($24.8 million, average price $105,856/BTC), increasing holdings to 592,345 BTC (~$60 billion). Metaplanet bought 1,111 BTC ($106,408/BTC), reaching 11,111 BTC, aiming for 100,000 BTC by 2026. Both reinforce the trend of enterprises accumulating Bitcoin, driving DeFi and blockchain.
Institutional Capital Flow into Crypto Hits Record
CoinShares reported inflows into digital assets reached $1.24 billion last week, bringing the total for 2025 to $15.1 billion. Bitcoin attracted $1.1 billion, Ethereum $124 million (9 consecutive weeks), Solana and XRP $2.78 and $2.69 million, respectively. Inflows decreased over the weekend due to Juneteenth and the Iran conflict, but James Butterfill (CoinShares) predicts weak prices will stimulate dip buying.
Market Context
Bitcoin ($104,250), Solana ($145), and the crypto market (market cap $3.2 trillion) are under pressure from Middle Eastern tensions, with Bitcoin down 5.6% (CoinGecko). Gold rose 1% to $3,400.70/ounce (Yahoo Finance). The GENIUS Act bill supports stablecoins, but geopolitical and legal risks (CLARITY Act hard to pass) are challenges.
Risk Warning: Information is for reference only, not investment advice.