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In brief
Meme coins and tokens are based on Internet memes, current events, online communities and influencers.
Following the launch of Dogecoin in 2013, they have proliferated, with popular tokens including Shiba Inu (SHIB) and the Solana-based Dogwifhat (WIF).
Bitcoin has recently made headlines by breaking through the $100,000 mark for the first time, a milestone that has prompted increased trading activity and strategic hedging among investors.
The New York Stock Exchange filed an application with the SEC to create an ETF based on Grayscale’s Solana Trust. This filing joins several other Solana and XRP ETF applications in recent days.