Solana SOL/USD and Bonk BONK/USD Could Emerge as Major Beneficiaries of Donald Trump's Decision

input: Solana SOL/USD and Bonk BONK/USD could emerge as major beneficiaries of Donald Trump's decision to include Solana in the proposed U.S. crypto reserve

Solana SOL and Bonk BONK could emerge as major beneficiaries of Donald Trump's decision to include Solana in the proposed U.S. crypto strategic reserve, according to a prominent trader.

What Happened: Crypto trader Unipcs said in an X post on Sunday that the announcement caught short sellers off guard, sparking a rally and potentially signaling the start of an altseason, with Solana leading the charge.

Among Solana-based assets, Unipcs believes Bonk is positioned to benefit the most, citing its status as SOL's main meme coin, strong retail appeal with low unit bias and availability on major platforms like Robinhood and Coinbase.

He also noted that with ETF filings for Dogecoin DOGE/USD and Trump TRUMP, a BONK ETF is increasingly likely.

Additionally, he sees BONK acting as a leveraged 3x SOL beta during bullish trends.

In another X post, Unipcs warned that being underexposed to Solana is a mistake—and missing out on BONK is even worse. He emphasized that with the U.S. backing Solana as a key blockchain in the national crypto reserve, its position is even stronger.

Also Read: Peter Schiff Says Trump Forcing US Taxpayers To Buy Bitcoin ‘And Other Worthless Crypto’ Is Preventing The Market From Collapse

What's Next: Despite recent market volatility, which saw Solana and Bonk decline 31% and 42%, respectively, optimism is building around Solana's strategic reserve inclusion and the potential for a Bonk ETF.

Trader EuroSniper said on X that he has gone long on Bonk.

Crypto analyst Jelle noted that a significant SOL unlock is now in the rearview. He highlighted that the weekly candle closed green, signaling bullish momentum, with key support holding firm. He predicts Solana's next leg up will push it into price discovery.

Massive $SOL unlock behind us, and the weekly candle closed in the green.Lows taken out, support retested, trendline holding.Pretty sure the next SOL push sends it into price discovery – hard. pic.twitter.com/oIscLnfjs1

— Jelle (@CryptoJelle) July 9, 2023

Meanwhile, Glassnode data reported $257 million in hourly profit realization—one of the top five instances in the past two months. Notably, 99.14% ($255 million) came from investors who bought the recent dip, underscoring strong demand.