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First Solana staking ETF, REX-Osprey, Packs $12M in Inflows in Its Debut Day, Fueling Meme Coins Like Snorter Token
July 3, 2025 • 09:34 UTC
REX-Osprey, Solana’s first staking ETF, brought in $12M in inflows in its very first trading day.
The asset recorded a $33M trading volume as well, marking a successful launch which caused immediate reactions in the crypto market.
Crypto analyst, Erich Balchunas, posted the news on X, with the observation that, while smoking Solana and XRP futures ETFs, REX-Osprey is still below Bitcoin and Ether, which was to be expected.
Bloomberg analyst, James Seyffart, characterized REX-Osprey’s performance as a ‘healthy start,’ while noting that the asset recorded $8M in trading in its first 20 minutes alone.
Nathan McCauley, co-founder of Digital Anchorage, also praised the performance, stating that:
‘The launch of crypto staking ETFs is a defining moment for digital assets and a significant step forward in full access to the crypto ecosystem.’
REX-Osprey’s unexpected numbers are likely to meme coins like Snorter Token ($SNORT), which offer both meme material and on-chain utility.
The Snorter Bot is a great companion to opportunistic traders, scanning the market and sniping hot tokens that may fly under your radar.
Learn more about Snorter Token ($SNORT) on the presale page.
Pengu Is Red-Hot with 61% Gains in the Last Week as Memecoin Market Surges: Is the Rally Coming, and Will Meme Coins Soar?
July 3, 2025 • 09:34 UTC
Meme coins are back, brother. The total market cap is up 9% in the last day, and the volume 65% to almost $10B. Top gainers like $HOSICO (+54%) and $MOODENG (+46%) are fair game but Pudgy Penguins ($PENGU) has been green for over a month.
The $PENGU NFT ETF filing by Cboe was the main hype driver here, and for good reason. This would be the world’s first memecoin ETF, and it drove degens crazy as $PENGU surged 64% in a week.
Even now, community sentiment on CoinMarketCap is a healthy 71%, and most are bullish on the token’s future. Even technical analysts are optimistic, invoking Bollinger bands to support the bullish thesis.
Smart money is betting on meme coins this week and, if volume holds these levels, we might be looking at rocket fuel in the memecoin market.
If you want to catch the next train, here are the top meme coins you should watch for.
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Unlock the Secrets of Ethical Hacking!
Ready to dive into the world of offensive security? This course gives you the Black Hat hacker’s perspective, teaching you attack techniques to defend against malicious activity. Learn to hack Android and Windows systems, create undetectable malware and ransomware, and even master spoofing techniques. Start your first hack in just one hour!
Enroll now and gain industry-standard knowledge: Enroll Now!
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