The launch of the Solana ETF was successful: meme coins rose by 20%.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure On Wednesday, July 2, 2025, the launch of the very first Solana ETF took place. The fund named REX-Osprey SOL + Staking ETF from REX Shares started trading on the American exchange CBOE. Thanks to this product, investors can profit from the growth of SOL price while also earning passive income from staking.

It is not only about the historically first Solana ETF approved in the USA, but also about the first American ETF with staking functionality. See how analysts evaluate the first day of trading and how the largest coins in the Solana ecosystem reacted to the launch of the ETF.

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The first day of trading for the Solana ETF was successful.

According to James Seyffart, an analyst at Bloomberg, the new Solana ETF fund on staking recorded trading volume of 8 million dollars within the first 20 minutes. Seyffart stated that this was a "healthy start to trading."

The fund ultimately closed its first day with an influx of capital of 12 million dollars and a trading volume of 33 million dollars. As stated by Eric Balchunas, an ETF analyst at the same company, the trading volume significantly surpassed both the Solana futures ETF and the XRP futures ETF.

On the other hand, it adds that it was a lower volume than when the spot ETFs for Bitcoin and Ethereum were launched. Just for comparison, during the first day of trading of the Bitcoin ETF, shares worth 4.6 billion dollars were traded.

Seyffart, however, states that the lower trading volume may also be partly due to the shortened trading week, during which trading activity is generally lower. In the USA, Independence Day is celebrated on July 4th. "We see that there will definitely be demand for these products," adds the analyst.

Market capitalization on the Solana network increased by 7%

The launch of the Solana ETF caused an immediate increase in the price of SOL by approximately 2%. According to sources from CoinMarketCap, the market capitalization of the Solana ecosystem has increased by nearly 7% over the past week with a current volume of 193 billion dollars.

The total daily trading volume has increased by 35% over the same period, indicating a high demand for digital assets on the Solana network.

Source: coinmarketcap.com

The highest profits are attributed to popular meme coins. Over the last 7 days, Bonk has increased by more than 27% and Fartcoin has gained 26%. The value of the meme coin Dogwifhat has risen by nearly 20% and PopCat has improved by approximately 23%.

Since the launch of the Solana ETF, AI tokens have also benefited. An example is Virtuals Protocol, the native token of a decentralized platform that allows for easy deployment of AI agents. Its price has increased by approximately 14.5% over the last 7 days.

The significance of the integration of AI and trading automation is experiencing exponential growth this year in the crypto sphere. Traders are increasingly turning to tools that allow them to trade more efficiently and conveniently, potentially leading to higher returns. One of the promising projects in the field of cryptocurrency trading automation is Snorter Bot.

The new trading bot on the Telegram platform has already raised over 1.5 million dollars

The cryptocurrency project Snorter (SNORT) now offers a new advanced trading bot on the Telegram platform, which features the most sought-after trading functions and a high level of security.

The trading bot Snorter operates on the Solana blockchain, with plans for subsequent expansion to Ethereum, BNB, Polygon, and Base networks. Holders of the native token SNORT have access to features such as automated sniping, sub-second swaps, copy trading, and the ability to set limit and stop-loss orders. The Snorter Bot also integrates detection of fraudulent tokens (rugpulls, honeypots). All these features are available within a single Telegram feed without the need to switch between browsers.

Source: snortertoken.com

Snorter provides an advantage over other trading bots on Solana

Snorter surpasses even the biggest bots on Solana. The three largest among them – Trojan, Banana Gun, and Maestro, processed a trading volume of nearly 240 million dollars in the last 7 days. This only confirms that traders rely on automation to achieve the highest possible profits.

On the Telegram platform, Snorter Bot has some of the lowest fees and the lowest fees on the Solana network. Users can unlock a reduced trading fee of 0.85% thanks to the native token SNORT. In comparison, with Banana Gun, the fee can rise to 2%.

Source: snortertoken.com

Key advantages of the Snorter project:

• Copy trading: In real-time, you can track and copy top strategies while maintaining full control over your portfolio and strategic trades.
• Detection of suspicious tokens: Snorter not only helps you achieve high profits but also provides their protection. Advanced detection of rug pulls and honeypots will protect you from fraudulent trades.
• Advanced Trading Features: With Snorter, you can also utilize stop-loss and limit orders. This allows you to easily set your purchases, sales, and targets without having to constantly monitor market developments and the status of your cryptocurrency wallet.
• Automatic sniping: As we mentioned before, the Snorter Bot searches for new smart contracts on Solana. It evaluates new meme coins and gives you immediate access to the most promising ones. You can buy them at the lowest introductory prices and trade with them further.

Snorter Token is currently in presale at a reduced price of 0.0971 $. The presale is divided into 60 phases, with the price of the token increasing in each phase. Interested parties for staking can now take advantage of an APY reward of 231 %.

You can purchase SNORTER using SOL, ETH, BNB, USDT, USDC, or via credit card. We recommend a reliable Web3 wallet, Best Wallet, for the purchase.

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