Crypto Analyst Predicts Massive BONK Rally as Solana ETF Hype Builds

As crypto markets begin showing signs of recovery, one meme coin is catching the eye of analysts and it’s not Dogecoin or PEPE. It’s BONK, the leading meme token on the Solana blockchain, and according to one trader, it could offer the highest upside in the upcoming altseason.

Renowned crypto trader Unipcs, who turned a $16,000 investment into over $10 million through a single long position on BONK, has reaffirmed his bullish stance on the token. In a recent post on X (formerly Twitter), Unipcs called BONK “the ultimate play” for traders betting on a Solana revival.

BONK: A 3X Leveraged Bet on Solana

What makes BONK so appealing, according to Unipcs, is its ability to act as a 3X leveraged proxy for SOL. Historically, when Solana’s price rallies, BONK tends to outperform it by a wide margin. Thanks to its extreme volatility, BONK can deliver faster and larger gains than its underlying ecosystem token.

The trader argues that BONK is a perfect meme coin to ride the wave if Solana’s price surges due to ETF-related hype. And the timing couldn’t be better market watchers are buzzing with rumors of a Solana ETF filing that could soon receive the green light from the SEC.

Solana and BONK ETFs in Focus

Unipcs isn’t just excited about Solana’s prospects. He points out that BONK itself has filed for an ETF, and while the SEC hasn’t approved it yet, a Solana ETF approval could increase the chances of a BONK ETF making it through the regulatory process. That would push BONK into even greater mainstream visibility and open the floodgates for new capital inflows.

BONK currently trades 75% below its all-time high, leaving plenty of upside potential for those entering now. With the meme coin sector heating up again, BONK could become the breakout star of this altseason especially as the Solana ecosystem gains momentum.

Final Thoughts

Meme coins are speculative by nature, but for those betting on a Solana-led market rally, BONK offers amplified exposure. Unipcs summed it up best:

“If we do get Solana season soon, you do not want to be underexposed to BONK.”

With potential catalysts like a Solana ETF and possible BONK ETF, combined with the historical correlation between BONK and SOL price movements, this meme coin is definitely one to watch closely in the weeks ahead.