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Solana

Solana (SOL) Drops 8% in 24 Hours; Standard Chartered Maintains $500 Target by 2030

by admin June 14, 2025

Solana’s SOL

dropped 7.87% to $147.07 over the past 24 hours, as traders reacted to renewed volatility across crypto markets. After opening at $159.60, SOL fell sharply during late Thursday and early Friday trading, reaching a low of $142.13 before stabilizing above the $147 mark. Key intraday volume spikes suggest some accumulation near support, but the overall structure remains fragile as the token trades nearly 40% below its March highs.

The short-term weakness puts added focus on a late-May price target from Standard Chartered’s Global Research team. In a May 27 note initiating formal coverage of SOL, the bank forecast that Solana would rise to $275 by year-end, with a long-term target of $500 by 2029. The report cited Solana’s speed and efficiency as core differentiators but acknowledged that much of its recent meme-coin-driven activity remains heavily discounted by the market.

The growing gap between that bullish outlook and current market conditions illustrates the core dilemma facing long-term SOL investors: whether to treat recent drawdowns as temporary noise or as fundamental rejection of the growth narrative. While Standard Chartered expected solana to underperform ether in the near term, it positioned the token as a high-beta bet on retail-driven ecosystems that could re-rate sharply if adoption expands beyond memecoins.

For now, price action remains choppy, with buyers stepping in near $143 but meeting resistance near $150. Whether SOL can regain upside traction in time to validate even a portion of the year-end forecast may depend on broader macro stabilization and renewed on-chain activity in the coming weeks.

Technical Analysis Highlights

SOL dropped 11.87% intraday, from $160.49 to a low of $142.13.
Intense selling occurred between 23:00–01:00 UTC before price stabilized.
A tight consolidation range formed between $143.50–$146.50.
Higher lows since 02:00 suggest possible bullish divergence.
Volume peaked at 13:31 (31.8K SOL) and 13:39 (43.4K SOL) as buyers defended support.
Resistance sits at $152; a break above could shift short-term trend.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

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June 14, 2025 0 comments

GameFi Guides

Solana ETF Applicants Submit Updated SEC Filings With Staking

by admin June 13, 2025

In brief

Seven issuers filed amended S-1 forms for Solana exchange-traded funds on Friday.
Applicants are seeking federal regulators’ approval to launch ETFs with staking capabilities.

Seven ETF issuers filed amended S-1 forms for Solana exchange-traded funds with the U.S. Securities and Exchange Commission on Friday, clarifying language that would enable them to stake their held SOL.

The proposed ETFs from 21Shares, Bitwise, Fidelity, Franklin Templeton, Grayscale, VanEck, and Canary Capital aim to offer investors exposure to Solana by directly tracking the altcoin.

The staking component would enable issuers to generate yield on the Solana held in their funds, allowing them to potentially offer higher returns to investors. Friday’s moves come following a Tuesday report from Blockworks, which cited sources saying that the SEC asked prospective Solana ETF issuers to update their S-1 filings.

Staking refers to the process of pledging tokens to a decentralized network in exchange for yield, or financial rewards. Its inclusion in ETFs is a point of contention among federal regulators, who previously delayed their decision on staking in Ethereum ETFs due to concerns over the financial and security-related risks posed by the practice.

The rash of filings comes as U.S. regulators and lawmakers ratchet back restrictions on the digital assets industry, and amid speculation that the SEC will soon greenlight Solana ETFs to trade in the U.S.

Under pro-crypto U.S. President Donald Trump, the digital assets industry’s two primary regulators, the SEC and the Commodity Futures Trading Commission, have shifted their approach to crypto—including the SEC dropping lawsuits against industry giants like Binance, Coinbase, and Kraken.

Commissioners have also ramped up their engagement with crypto companies over the past few months, with the aim to collaborate on shaping regulatory guardrails for the industry.

Federal regulators’ softening stances on crypto regulations has spurred an explosion in applications for ETFs based on a wide variety of cryptocurrencies, from meme coins such as Dogecoin, Official Trump, and Bonk to altcoins like XRP, Sui, and Avalanche. However, the agency has yet to approve spot ETFs based on cryptocurrencies other than Ethereum and Bitcoin.

Although experts expect issuers to secure the go-ahead to offer Solana ETFs in the U.S. within the next few weeks, the approval process has been a long one. In May, the SEC pushed back its deadline to approve or deny a swath of spot Solana ETFs

Solana is trading at $147 as of writing time, down 3.5% in the past day, according to CoinGecko data.

Edited by Andrew Hayward

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June 13, 2025 0 comments

GameFi Guides

XRP Leaves Solana in Dust Amid This Metric Surge: Details

by admin June 13, 2025

XRP is gaining traction, pulling ahead of Solana (SOL) in terms of change in realized cap, a metric that takes into account the price at which each coin was last moved, crucial for estimating the global wealth stored in the asset.

According to blockchain analytics firm Glassnode, XRP’s 30-day percentage change in Realized Cap has hit +4.2%, far outpacing Solana’s modest +1% gain.

The outperformance, according to Glassnode, might imply that capital is rotating faster into XRP, signaling renewed short-term conviction from investors and traders alike.

XRP, SOL: What’s happening?

XRP, which is now trading around $2.13, is gaining attention for its increasing inclusion in corporate treasuries. Webus International ($300 million), VivoPower ($121 million) and Wellgistics ($50 million) have together set aside more than $470 million in XRP for treasury strategies.

$320 Million In Solana (SOL) Moved in Mere Hours, What’s Happening?

by admin June 13, 2025

960,000 SOL births new whale
SOL falls 6%

As the crypto market continues to see the price of top assets slump harder on June 12, massive crypto transfers involving large amounts of tokens have sparked more concerns.

Specifically, large SOL transfers have been spotted during the later hours of the day, according to recent data from on-chain monitoring firm, Whale Alert.

960,000 SOL births new whale

According to the data provider, the large SOL transfer saw a total of 2,023,142 SOL transferred in just about two hours. The transfer, which was worth over $320 million, was conducted among unknown wallets, sparking curiosity among investors.

The data shows that the large SOL transfers happened in two separate transactions, with the first transfer carrying the largest amount of SOL (1,063,142 worth over $169 million).

The second transaction, on the other hand, involved the transfer of 690,000 SOL worth over $154 million to a new wallet, which was created just an hour before the transaction was executed.

SOL falls 6%

While the mysterious SOL transfers appear unusual, they have come at a time when the broad crypto market is experiencing a massive bloodbath, with the prices of top cryptocurrencies projecting significant 24-hour losses.

The bearish trend did not leave SOL out of the list, as the leading altcoin has declined massively by 6.31% over the last day, according to data from CoinMarketCap.

Source: CoinMarketCap

Following this massive price plunge, SOL is trading at $152.76 as of press time. Usually, significant price drops like this, accompanied with untraceable large transfers often indicates increasing attempts among high profile investors or institutions to sell off their tokens.

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June 13, 2025 0 comments

Crypto Trends

Solana (SOL) Treasury News: DFDV Looks to Add

by admin June 12, 2025

DeFi Development (DFDV), the Nasdaq-listed firm pursuing a solana

treasury strategy, is planning to get some more dry powder to boost its SOL stack.

According to a Thursday press release, the company has secured a $5 billion equity line of credit with RK Capital Management. The agreement allows DeFi Dev to sell shares at its discretion, so long as it meets conditions like filing a resale registration with the U.S. Securities and Exchange Commission. The company said it plans to file the necessary paperwork soon.

“We now have the flexibility and structure we need to scale,” said Joseph Onorati, Chief Executive Officer. “This is a clean, strategic path to continue growing SOL per share and compounding validator yield.”

DFDV shares rebounded from early losses and were up 12% during the Thursday session.

The company, formerly known as real estate tech platform Janover, is part of a growing trend of publicly-traded firms raising funds by selling shares and debt to add cryptocurrencies on their balance sheet, following Strategy’s playbook with bitcoin

The firm focuses on Solana, accumulating the network’s native token and operating validators. It held over 609,000 SOL tokens as of May 16, worth $96 million at current prices.

The latest move comes shortly after the firm withdrew a previous filing for a $1 billion share sale, with plans to refile again.

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June 12, 2025 0 comments

GameFi Guides

Dogecoin, Solana Stumble as Altcoins Hit by Market Correction

by admin June 12, 2025

In brief

Altcoins including DOGE, SOL and ADA saw steep drops Thursday morning as traders rotated into Bitcoin after a brief post-CPI rally.
Bitcoin and Ethereum remained relatively stable, with losses under 2% despite broader altcoin declines.
An expert told Decrypt the pullback is “routine,” with sub-5% swings in altcoins considered market “noise,” not a shift in sentiment.

The crypto market’s euphoria over cooling inflation lasted exactly one day—Dogecoin (DOGE), Solana (SOL), Cardano (ADA), and other major altcoins are now bleeding red as traders abandon the coins for the relative safety of Bitcoin.

Dogecoin dropped by 5.8% to $0.19, while Tron (TRX) fell 6.8% to $0.2717 and ADA declined 5.1% in the last 24 hours.

Other top altcoins joined the retreat, with Avalanche (AVAX) down 5.4% to $20.83, Sui (SUI) falling 5.6% to $3.27, and Chainlink (LINK) dropping 6.7% to $14.15.

Solana (SOL), despite recent gains, declined 3.9% to $157.89, while XRP shed 3.7% to trade at $2.23, according to CoinGecko data.

The drop tells a different story for Bitcoin (BTC) and Ethereum (ETH), which weathered the storm with comparatively mild losses of 2% and 1.5% respectively over the past 24 hours.

A “routine” correction?

Market experts suggest the selloff represents a natural correction following recent gains rather than a fundamental shift in sentiment.

“While it may seem surprising at first glance that altcoins have taken a hit amid generally positive market sentiment, I wouldn’t call these moves unexpected or particularly dramatic,” Dr. Kirill Kretov, Senior Automation Expert at CoinPanel, told Decrypt.

Kretov noted that altcoins remain “riskier than Bitcoin and Ethereum,” pointing out how the “sub-5% price movements are noise,” and how “swings up to 10% should be viewed as routine.”

Tracy Jin, COO of MEXC, attributed the decline to profit-taking behavior while speaking to Decrypt, explaining that “many traders are taking profits, especially in projects with high volatility.”

Jin also pointed to macroeconomic factors, citing “the strengthening of the US dollar and the growth of government bond yields, which traditionally reduce the attractiveness of risky assets.”

The correction comes despite yesterday’s positive market reaction to inflation data, when Bitcoin gained ground after the May Consumer Price Index showed prices rose 2.4%, lower than all 73 forecasters predicted in a Bloomberg survey.

That data had initially boosted both Bitcoin and major altcoins, with ETH and SOL posting 1% and 1.7% gains respectively in the hour following the report.

Dogecoin entering “medium-term decline”

Paul Howard, Senior Director at Wincent, told Decrypt that the current movement is within normal trading ranges for “the ‘Made in USA’ basket” coins, noting the decline is “within a +/-5% daily range that crypto traders experience most days.”

However, he noted specific concerns about Dogecoin, suggesting it is “likely entering a period of medium-term decline following the public spat between its proponent backer Elon [Musk] and President Trump.”

Despite the current weakness, analysts remain cautiously optimistic about the medium-term outlook.

“If Bitcoin stays above $100,000 and institutional inflows continue, we can expect interest in altcoins to return soon,” Jin said, describing the market as being in a “short-term overload phase” that could become “the starting point for the next growth impulse.”

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June 12, 2025 0 comments

Solana price path to $200 stalls as transactions and addresses jump

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Can Solana break past $176 after 17% surge?

by admin June 11, 2025

Solana has surged 17% from its recent support level, rallying off a strong confluence zone at $143. Now, price action faces a critical test at the $176 resistance. Whether Solana breaks through or rejects from here could define its next major move.

After a sharp rebound from a high-confluence support zone, Solana (SOL) is now trading near a crucial resistance level that could determine its short-term direction. The rally off the $143 level, supported by the 0.618 Fibonacci retracement and weekly support, has brought price into a region packed with multiple overhead resistances, including the point of control, the daily supply/resistance level, and the upside 0.618 Fibonacci retracement near $176.

Key technical points

Strong Bounce from $143 Support: Price rebounded 17% after holding the 0.618 Fibonacci and weekly support zone.
$176 Resistance Cluster: Price is now approaching a high-confluence resistance region — POC, upside Fibonacci, and daily SR.
Range Risk or Breakout Potential: A rejection could lead to consolidation, while a breakout would signal continued bullish momentum.

SOLUSDT (4H) Chart, Source: TradingView

Solana’s recent price behavior has been technically clean. The bounce from the $143 level was textbook, reacting strongly to the 0.618 retracement zone, which was also reinforced by high-timeframe weekly support. This confluence triggered a sharp bullish reaction, resulting in a 17% gain that now brings Solana into a complex resistance area.

Currently, price is testing a major cluster of resistance around the $176 mark, which includes:

The point of control (highest volume traded area),
The upside 0.618 Fibonacci retracement from the previous swing,
A significant daily support/resistance flip.

This region presents a key decision point. A break above $176 with conviction would likely extend the bullish trend, potentially triggering an accelerated move toward higher targets. However, a rejection at this level may simply lead to a healthy pullback, potentially forming a higher low and preserving the uptrend structure.

If the rejection is more severe and volume fails to hold, Solana could slip back into the $143–$176 range, which has defined much of its recent high-timeframe price action.

What to expect in the coming price action

Solana is at a technical crossroads. A clean break above $176 could ignite further upside momentum, while failure to clear this level may suggest continued consolidation within the $143–$176 range. How price reacts here will shape the next leg.

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June 11, 2025 0 comments

Crypto Trends

What is LIBRA? The Solana Meme Coin That Sparked a Political Scandal

by admin June 11, 2025

Argentina’s foray into cryptocurrency took a dramatic turn in February 2025 when President Javier Milei tweeted in support of LIBRA, a Solana-based meme coin. Within hours, LIBRA crashed nearly 90%, sparking accusations of fraud and calls for Milei’s impeachment.

Among the outside entities involved with the launch of LIBRA were Kelsier Ventures, headed by CEO Hayden Davis; KIP Protocol, led by CEO Julian Peh; and Solana-based platform Meteora, which had previously facilitated launches for both the Donald and Melania Trump meme coins.

Following LIBRA’s collapse, Argentina’s stock market dropped more than 5% at its opening on February 17, 2025. This article will examine LIBRA and the scandal surrounding the latest meme coin craze.

What is LIBRA?

The LIBRA token, created by the Viva La Libertad Project, was promoted as a funding tool for Argentina’s small businesses and innovative projects—an unusual use case for a meme coin, which are mostly driven by internet phenomena, celebrities, and humor.

“This private project will be dedicated to encouraging the growth of the Argentine economy by funding small Argentine businesses and startups,” Milei said in a since-deleted post that included the project website and contract address. Milei subsequently denied having any advance knowledge of the LIBRA project.

Image: X

LIBRA has a max supply of 1 billion tokens. According to the Libertad Project website, LIBRA token distribution would split 50% to Argentina Growth, 20% to Treasury, and 30% to Liquidity.

On February 17, 2025, the token reached an all-time high of $0.75, according to CoinGecko data. At the time, LIBRA’s market capitalization had reached $4.5 billion. Hours later, it sharply declined, triggering fraud investigations and impeachment calls against Milei.

In May 2025, Milei shuttered an investigative task force set up to look into potential wrongdoing on his part; a month later, the country’s anti-corruption unit cleared the president over his involvement with LIBRA, stating that he was acting in a personal capacity when tweeting about the project. As of June 2025, a federal criminal probe into the affair is still ongoing.

Did you know?

The Solana-based meme coin LIBRA, though it shares its name with the original moniker of Facebook’s abortive attempt at a digital currency (subsequently renamed Diem) has no affiliation with that project.

A short timeline of events: the LIBRA token scandal

On February 15, 2025, the Office of the President provided a timeline of early events related to the creation and launch of the LIBRA meme coin.

October 19, 2024 – Initial meeting with KIP Protocol

The Office of the President reported that President Javier Milei met with representatives of the KIP Protocol in Argentina.
The representatives informed Milei of their intention to develop a project called “Viva la Libertad” using blockchain technology to finance private ventures in Argentina.

January 30, 2025 – Meeting with Hayden Mark Davis

President Milei held a meeting at Casa Rosada with Hayden Mark Davis.
According to KIP Protocol representatives, Davis would provide the technological infrastructure for the project.
The Office of the President clarified that Davis had no prior connection with the Argentine government and was presented as a partner of KIP Protocol.

February 17, 2025 – The rise and fall of LIBRA

Milei promotes LIBRA: Argentina’s President Javier Milei announced the launch of the Solana-based meme coin LIBRA, which was promoted as a way to fund small businesses and startups.
Pre-Launch insider activity: According to a report by TRM Labs, 20 minutes before Milei’s announcement, an address received 1 million $LIBRA tokens and added them to a Meteora liquidity pool.
All-time high: LIBRA reached $0.75, giving it a market capitalization of $4.5 billion.
Rapid decline: The price crashed nearly 90% within hours, triggering accusations of fraud and a pump-and-dump scheme.
Liquidity withdrawals: Wallets linked to the LIBRA team withdrew $7.8 million in SOL, contributing to the price collapse.

February 18, 2025 – The fallout begins

Argentina’s stock market dropped more than 5% at the opening in Buenos Aires, adding to financial instability.
Milei deleted his post promoting LIBRA and denied prior knowledge of the project, as a judge was assigned to head a probe into fraud allegations.
Investors accused KIP Protocol and its CEO, Julian Peh, Kelsier Ventures and its CEO, Hayden Davis, Mauricio Novelli, and Manuel Godoy of the Tech Forum Argentina of wrongdoing in the LIBRA scandal.

Insider trading allegations

Experts suspect the LIBRA token collapsed due to insider activity. According to San Francisco-based analytics firm TRM Labs, 20 minutes before President Milei’s tweet, one address received 1 million LIBRA tokens, added them to a Meteora liquidity pool, and distributed more to other addresses that did the same.

Soon after, on-chain investigation firm Bubblemaps identified that wallets linked to the LIBRA team had withdrawn $87 million in SOL from the pool, gradually crashing LIBRA’s price.

In addition to allegations of fraud against Milei, investors accused KIP Protocol and its CEO, Julian Peh, Kelsier Ventures and its CEO, Hayden Davis, Mauricio Novelli, and Manuel Godoy of the Tech Forum Argentina of wrongdoing in the LIBRA scandal.

On February 17, 2025, Davis told Barstool Sports founder Dave Portnoy that Davis was “sitting on $100 million” following LIBRA’s launch—further fueling the controversy. Davis claimed he did not intend to run off with the money.

“It’s not mine,” Davis said. “It’s Argentina’s.”

That same day, on-chain analysis revealed that the Solana-based platform Meteora—known for creating the TRUMP and MELANIA meme coins—was also behind the LIBRA token. Following the collapse of LIBRA and emerging insider trading allegations, Meteora co-founder Ben Chow resigned.

A month later, Argentine lawyer Gregorio Dalbon formally sought Davis’ international detention; as of June 2025, Interpol has yet to approve a Red Notice.

In a tweet, Solana-based exchange Jupiter said that the launch of LIBRA had been an “open secret” in meme coin circles. The exchange said that it found no evidence of insider trading or “sniping” by its own team members following an internal investigation, adding that the company takes claims of insider trading “EXTREMELY seriously.”

On $LIBRA

Since the start, Jupiter has always placed a massive premium on transparency. The memecoin launch game is a dirty game with plenty of ugly behavior. We, however, have nothing to hide.

So here are the facts as clearly as we can say them.

A few members of the…

— Jupiter (🐱, 🐐) (@JupiterExchange) February 16, 2025

“The memecoin launch game is a dirty game with plenty of ugly behavior,” Jupiter wrote. “We, however, have nothing to hide.”

“We were completely unaware of the dealings between the principals, in this case Milei and the market makers, and were not involved in it in any way, shape, or form,” Jupiter added.

According to a report by Nansen, only 14% of LIBRA investors turned a profit, collectively making $180 million from the token’s launch, while 86% of those who invested in LIBRA lost $251 million.

Notably, per data from Nansen, two wallets that purchased $LIBRA at 22:01 UTC and sold by 22:44 UTC on February 14 collectively profited $5.4 million, with one wallet, HyzGo2, pocketing $5.1 million. Meanwhile, Barstool Sports Founder Dave Portnoy lost $6.3 million through investing in Libra but was later refunded $5 million.

This article was published in February 2025 and updated in June 2025.

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June 11, 2025 0 comments

Solana compresses near resistance, breakout to $241 likely if confirmed

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SEC may approve Solana ETF in coming weeks: report

by admin June 11, 2025

The U.S. Securities and Exchange Commission may approve a spot Solana exchange-traded fund within the next few months, according to multiple sources cited by Blockworks.

The SEC has reportedly asked prospective Solana (SOL) ETF issuers to submit amended S-1 registration statements by next week. One source suggested an approval could arrive within three to five weeks.

Two sources told Blockworks the agency will provide comments on the updated filings within 30 days. The changes focus on two key areas: how issuers plan to handle in-kind redemptions and whether staking will be incorporated into the ETF structure.

Notably, the SEC is said to be open to allowing staking as part of these products.

Bloomberg Intelligence analyst James Seyffart commented that approval could come as early as July, though the final deadlines for SEC decisions, based on the 240-day review period, extend to October. Seyffart said the agency may now be prioritizing 19b-4 filings related to Solana and staking ETFs sooner than originally expected.

Several asset managers are lining up to offer a Solana ETF, including VanEck, Bitwise, Fidelity, Grayscale, Franklin Templeton, Canary Capital, and 21Shares.

Solana following Bitcoin and Ethereum ETF plans

Grayscale is aiming to convert its existing SOL Trust into a spot ETF, following the blueprint it used for its Bitcoin (BTC) and Ethereum (ETH) products. The SEC formally acknowledged Grayscale’s Solana ETF proposal in February, a significant shift given its past resistance to such filings.

While the SEC delayed its decision on Grayscale’s Solana ETF in May, it stated it had not yet reached any conclusions. The delay was seen as procedural rather than a rejection.

Market observers took that as a positive sign, particularly after CME launched SOL futures in February, mirroring steps taken ahead of Bitcoin and Ethereum ETF approvals.

CME’s launch of SOL futures has already led to the introduction of SOL futures ETFs, including two from Volatility Shares.

Following the historic approval of spot Bitcoin ETFs in January 2024 and Ethereum ETFs in May 2025, attention has now turned to other top digital assets like Solana. The very existence of futures markets often paves the way for spot ETF approval, as seen with BTC and ETH.

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June 11, 2025 0 comments

GameFi Guides

XRP and Solana Added to Nasdaq Crypto Index: Market Expansion Imminent?

by admin June 9, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The Nasdaq Crypto US Settlement Price Index (NCIUS) was updated on June 2 to include four new cryptocurrencies: Solana ($SOL), Cardano ($ADA), Stellar ($XLM), and XRP ($XRP). Earlier, it had only included $BTC and $ETH.

While this is great news for the development of the broader crypto market, it ‘s caused an issue for the Hashdex Nasdaq Crypto Index US ETF (NCIQ). This ETF tracks the NCIUS index to provide weighted exposure in $ETH and $BTC.

Until now, it could replicate the index with precision and minimum divergence. However, even though the composition of NCIUS has now changed, the ETF isn’t permitted to track any assets other than Bitcoin and Ethereum. This has caused a mismatch between the fund’s objective and the index it is tracking.

NASDAQ has submitted a proposal to let NCIQ track the Nasdaq Crypto Index (NCI) instead of the current NCIUS. The NCI index also includes $SOL, $ADA, $XLM, and $XRP, as well as $LINK, $LTC, and $UNI.

The SEC is expected to respond by November 2, 2025. In any case, there’s no denying Wall Street is now adopting a more inclusive approach to crypto, looking at assets other than Bitcoin and Ethereum.

Bitcoin is a Great Buy Even at $106K

In other pro-crypto developments, John Deaton, an ace Bitcoin investor and XRP supporter, took to X to voice his analysis that $BTC ‘s a safer buy at $106K than it was at $20K.’ He believes that the risk-to-reward ratio is more favorable now than when Bitcoin was trading much lower.

Deaton also said that the current macroeconomic conditions will gradually undermine people’s confidence in fiat currencies. For example, growing national debt and exorbitant tariffs are big red flags for the cash economy.

In such a scenario, ‘digital gold’ emerges as a clear alternative.

First, $BTC’s supply is limited, so corporations and governments can’t manipulate it.
Secondly, companies and countries, both large and small, are racing to add Bitcoin to their balance sheets, pushing up the price.

Michael Saylor’s Strategy, for instance, now owns more than 580K $BTC, and 16 firms added it to their balance sheets just last week.

Governments across the board, like Ireland, Pakistan, and Ukraine, are considering creating their own Bitcoin reserves after the US announced it would pursue one.

All these signals show that Bitcoin is here to stay and only goes from strength to strength. If you, too, are keen on milking $BTC to the last possible drop, we’d like to introduce you to BTC Bull Token.

What Is BTC Bull Token?

BTC Bull Token ($BTCBULL) has taken a simple idea – to cheer on the greatest digital asset, Bitcoin – and transformed it into one of the best meme coins on the market right now.

With a muscular bull as its mascot and a website theme that mimics Bitcoin’s bright gold color, BTC Bull Token wears its Bitcoin bullish badge with pride.

According to its whitepaper, it’s ‘the unstoppable force pushing Bitcoin towards $1M+.’

It does this by being the ONLY crypto today offering free (and completely legitimate) $BTC to its token holders.

Every time Bitcoin claims a new major milestone, like $150K and $200K, $BTCBULL holders who have stored their tokens in Best Wallet will stand a chance to earn real Bitcoins.

Note: the $BTC amount you receive will depend on the number of $BTCBULL tokens you bought in the Community Sale. Also, subscribe to BTC Bull Token’s social media (X and Telegram) for updates about the airdrop events, as you’ll have to opt in to qualify.

Burn Tokens, Create Hype, and Enjoy Profits

The developers have done everything to ensure the project’s success, including using a deflationary approach, also known as a token burn mechanism, which sees the project shaving off a part of the total token supply to push the price.

These ‘token burn’ events will take place every time Bitcoin’s price increases by $50K, starting from $125K.

Incentives like these, combined with a chunky 40% of the total supply reserved for PR and marketing, suggest BTC Bull Token could become one of the top trending cryptos after its launch.

$BTCBULL Is Currently Cheaper than It Will Ever Be

Hell-bent on backing Bitcoin to $1M and beyond? Get BTC Bull Token!

That’s aside from the chance to win real $BTC (currently worth over $105K) if you’re a $BTCBULL owner.

The good news is the token is still in presale, meaning you can grab it for just $0.002555. The project has already raised around $7M in early investor funding and is raring to go once it launches. You can read all about it in our What is BTC Bull Token guide.

More Cryptos Go Mainstream, but $BTC Remains the Greatest

New ETFs supporting modern cryptocurrencies like Solana and XRP represent a healthy diversification in the market, but the fact remains, there’s only one Bitcoin.

With an innovative approach towards airdrops, a classic token burn mechanism, and a lively community of crypto degens, BTC Bull Token nevertheless could emerge as the next big crypto coin to follow in Bitcoin’s footsteps.

That said, make sure to do your own research before investing. The market is unpredictable, and none of the above is financial advice.

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June 9, 2025 0 comments