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Degens Are Already Trading 'Bitcoin ETF' Meme Coins—On Solana
It was all but inevitable. Within moments of the Securities and Exchange Commission’s historic approval of a spot Bitcoin ETF in the United States, Solana degens seized on the opportunity by creating a number of ETF-themed meme coins that immediately spiked to incredible highs before beginning to deflate minutes later. ETF, a Solana meme coin that purportedly references the ever-timely “Electric Turkey Frier,” debuted on the Solana-based automated market maker (AMM) Raydium at 4pm EST on Wednesday, the exact time an SEC decision on Bitcoin ETFs was widely expected. Once the approval was posted on the SEC’s ... (full story)