Solana ETF Hits $21M—Investors Kvell, Meme Coin Sends Telegram! (Hilarity Ensues)

by

Stop the presses, hold the bagels, and someone call my broker: on July 8, the first US spot Solana ETF—Rex-Osprey Solana + Staking ETF (SSK)—raked in $21M of fresh dough in just one day! That’s right, $21 million. In four days, total inflows ballooned to $41.2M—enough to make my mother plotz—and to send every crypto Twitter influencer into a blissful, meme-coin-induced coma. 🍾

Let’s put this in perspective: in three previous trading days, this ETF managed to scrape together a respectable $2.02M. On the fourth day? Boom! More than double, like my cholesterol level after Hanukkah.

Great news for Solana! Or as your cousin Marvin from Boca would say, “This is the best thing to happen since pastrami on rye.” The ETF’s success juices up Solana’s street cred, fills its liquidity pool, and maybe—just maybe—keeps the network from being the punchline at the crypto family reunion.

And what about Solana-based projects? Well, meet Snorter Token ($SNORT). No, really, that’s the name—not a typo. This little crypto piggy has already brought home nearly $1.7M, all thanks to a Telegram bot that’ll launch faster than your uncle’s Buick leaves early bird golf next year.

Solana, Meet Bitcoin and Ethereum. (Spoiler: They’re Still Richer)

But let’s not get cocky. SSK’s ETF is still living in a studio apartment compared to Bitcoin and Ethereum’s penthouse ETFs. Sure, $41.2M is nice, but it’s only 0.5% of Solana’s market cap—Bitcoin and Ethereum ETFs were strutting around with numbers like 0.34% and 0.3% back in their ETF debutante days. Yeah, it’s all percentages but somewhere, an accountant is shaking his head disapprovingly.

The main schtick? SSK is 40% invested in offshore Solana ETFs. The rest? Good ol’ direct $SOL. Oh, and fees! Nobody likes fees, except maybe the people charging them. SSK boasts the highest fee of any US crypto ETF: a mouthwatering 0.75%. Mazel. Even the seed basket was a measly $600K—barely enough for BlackRock’s lunch tab.

Still, doubling your inflow overnight gets the big money’s attention. If the SEC decides to wink at other Solana ETFs from Franklin Templeton, VanEck, and Grayscale, get ready for a cash surge—even more exciting than an open bar at a bris.

The more people who pile in, the more Solana projects like $SNORT start to look like the belle of the blockchain ball—before everyone else figures it out and the music stops.

The Snorter Is Coming—And He’s Trading on Telegram

$SNORT supports the upcoming Snorter Bot—yes, a Telegram crypto trading bot with more promises than a political fundraiser. Still in the oven, but set to roll out Q3 next year, this bot vows to trade your favorite meme coins in record time, and maybe roast a few in the process. 👃🐽

Manage strategies, spot moonshots, snipe launches, set stop losses—basically everything short of making you a cup of coffee—right from the fourth-largest messaging app in the world. If your trading needs a chaperone, Snorter’s got features: honeypot detection, rug pull alerts, and MEV protection. All of that, so your crypto stash doesn’t vanish like your cousin Sid after picking up the check.

Last year, $2.2B in crypto walked off faster than my Aunt Edna spotting a sale. So now, everyone needs a bodyguard—enter Snorter Bot. First up: Solana (because the fees are light and the memes are heavy), then on to Ethereum, BNB, Avalanche, Arbitrum—like a tour bus, but with more charts.

$SNORT holders get a bargain: 0.85% fees, undercutting the big bot boys who ask for 1% or more. Plus, extras! Stake your $SNORT and rake in a rumored 218% APY. I haven’t seen numbers like that since picking stocks with a dartboard.

Mark my words: as the crowds pile in, the APY may go down, but hey! Early bird gets the truffles.

It’s no shocker $SNORT already vacuumed up over $1.6M in presale—people love underdogs, especially ones with pig noses and crypto ambitions.

Buy $SNORT Today, Buy a Yacht Tomorrow? 😎

Take Solana’s ETF inflows as a sign: the institutions have arrived with fatter wallets and fancier suits. If incoming ETFs get the green light, watch the cash roll in and maybe—just maybe—$SNORT joins the party and spikes the punch.

Right now, presale is $0.0977. The hype machine says it could hit $0.94 by year’s end. That’s an 861% gain! Even my neighbor Larry can’t get those odds at the racetrack.

But let’s be real—this isn’t financial advice, yadda yadda. DYOR, don’t mortgage the deli, and never risk more than you can explain to your spouse after midnight.

Read More

2025-07-10 17:05