When a Spot Solana ETF gets approved (assuming in the near future), its impact will ripple across the Solana ecosystem tokens like SOL, BONK, WIF, PENGU, and JTO. Below is a detailed analysis:
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✅ 1. $SOL (Solana) – Native Token
🎯 Role:
• SOL is the foundational token of the entire network, used to pay for gas, staking, and running dApps.
📈 Impact of ETF Approval:
• The ETF allows institutional capital to flow into SOL in a legal and compliant way.
• Liquidity, credibility, and price discovery of SOL will improve significantly.
• Price movement may mirror Bitcoin and Ethereum after their spot ETF approvals (e.g., ETH rose ~30% after ETF confirmation).
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✅ 2. $BONK – First Memecoin on Solana
🎯 Role:
• BONK is the pioneer memecoin on Solana with a strong community, often used to promote the ecosystem.
📈 Impact of ETF Approval:
• BONK typically benefits whenever SOL rallies.
• FOMO and the trend of “memecoins following base-layer tokens” can drive BONK’s price up sharply in the short term.
• Could become the “DOGE of Solana” as retail money returns.
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✅ 3. $WIF (dogwifhat) – High-Profile Memecoin
🎯 Role:
• WIF exploded in late 2023–2024, representing the new wave of meme tokens on Solana.
📈 Impact of ETF Approval:
• ETF approval will likely boost SOL’s price, pulling related ecosystem tokens along.
• WIF’s large international community makes it highly reactive to bullish news.
• Could become a top 3 memecoin by market cap if momentum continues.
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📈 Impact of ETF Approval:
• The ETF will increase demand for staking SOL ⇒ more demand for Jito.
• JTO will be increasingly valued as an infrastructure token — much like how Lido (LDO) is for Ethereum.
• Institutional capital may view Jito as a way to maximize staking yields after accumulating SOL.