Dogecoin (DOGE), the internet’s most popular meme coin, dropped by 13% last week, making many investors nervous about what comes next. But well-known crypto analyst Crypto Patel believes a big breakout could be on the way. After two strong weeks of price movement, analysts believe that Dogecoin might rally towards $1 soon.
Let’s dive in detail!
Massive Gains Already, More Ahead?
According to Patel, Dogecoin’s price has been following a clear bullish pattern on the charts. That means the price has been making higher highs, followed by healthy pullbacks, something technical traders often look for in a strong uptrend.
This kind of pattern shows that buyers are in control, even after short-term dips.
Based on Patel’s chart, Dogecoin has already jumped 700% from its original entry point and is now up 68% from a second re-entry zone. Meanwhile, Patel sees this as a sign that another big “pump wave” could be forming.
Patel also highlights the importance of the $0.22 price level, which Dogecoin recently broke above and successfully retested. Holding above this key support level suggests that the coin has built a solid base for further gains.
Strong Community, Bigger Dreams
Another factor Patel believes will drive Dogecoin higher is its loyal and active community. Unlike many other cryptocurrencies, Dogecoin’s passionate supporters help maintain interest and enthusiasm, which often boosts its price during positive market phases.
Looking ahead, Patel’s short-term price targets are $0.5 and $1. He is optimistic that if the rally continues, Dogecoin could reach $2 and even $3 in the long term. This outlook is supported by increasing market optimism and Dogecoin’s strong chart performance.
A Second Chance for Investors?
This setup mirrors DOGE’s 2021 rally, where a similar breakout led to a 7,000% surge. While those gains may not repeat exactly, the current structure is drawing attention.
For those who missed the first run, this could be a second shot at riding the meme king to higher levels.
As of now, Dogecoin is trading around $0.2177, reflecting a drop of 2% seen in the last 24 hours.
As institutional interest in crypto continues to rise in 2025, Solana has emerged as one of the top contenders for a spot ETF listing in the United States. With its fast-growing DeFi ecosystem, low transaction fees, and expanding developer base, Solana is increasingly seen as the leading alternative to Ethereum — and now, the race is on to bring a regulated Solana ETF to market.
Full List of Solana ETF Filings as SEC Reviews Key Applications
The push began in mid-2024, just months after the approval of spot Bitcoin and Ethereum ETFs in the US. Since then, a wave of asset managers — from established giants to crypto-native firms — have filed to launch spot Solana ETFs. Despite lingering questions around Solana’s regulatory classification, Bloomberg currently gives a 75% chance that a Solana ETF will be approved by the end of the year.
The current SEC under Chair Paul Atkins has shown more openness to crypto products, especially those that meet rigorous market surveillance, custody, and pricing standards. The fact that two Solana futures ETFs — SOLZ and SOLT — are already listed by the DTCC, and that CME is preparing to launch Solana futures contracts later this year, has only strengthened the case for a spot ETF.
Here’s a breakdown of the key players leading the Solana ETF charge in the US.
1. VanEck Solana Trust
VanEck was the first to move, filing an S-1 registration statement with the SEC in June 2024. The fund would directly track SOL’s market price and marks the first formal attempt to list a spot Solana ETF in the US. VanEck’s early application gave it a first-mover advantage in the altcoin ETF race.
2. 21Shares Core Solana ETF
Also filed in June 2024, 21Shares closely followed VanEck with its own S-1. The fund is intended to list on the Cboe BZX Exchange, where several crypto ETFs, including Ethereum, already trade. 21Shares has positioned itself as a key player in altcoin ETFs globally, and its Solana filing builds on that momentum.
3. Bitwise Solana ETF
In November 2024, Bitwise initiated its filing by establishing a statutory trust in Delaware. It later withdrew the original structure and refiled directly with the SEC via an S-1. The fund would hold SOL directly and aligns with Bitwise’s strategy of targeting long-term crypto exposure through trusted frameworks.
4. Grayscale Solana ETF
Grayscale submitted a filing in January 2025 to convert its existing Solana Trust (GSOL) into a spot ETF. GSOL had over $134 million in AUM at the time of filing. The move mirrors Grayscale’s earlier strategy with its Bitcoin and Ethereum trusts, and would see the ETF listed on NYSE Arca.
5. Canary Solana ETF
Filed between late 2024 and early 2025, Canary Capital’s application came amid a flurry of altcoin ETF filings following the US presidential election. The firm submitted an S-1 for a spot Solana ETF, seeking to capitalize on growing institutional demand for compliant SOL exposure.
6. Franklin Templeton Solana ETF
Franklin Templeton, which manages over $1.5 trillion in assets, entered the space in March 2025 with filings for both S-1 and 19b-4 forms. Its proposed Solana ETF would be listed on the Cboe BZX Exchange and represents one of the most high-profile institutional entries into the Solana ETF race.
7. Fidelity Solana ETF
On March 25, Cboe BZX Exchange submitted a 19b-4 filing on behalf of Fidelity for a proposed spot Solana ETF. The SEC acknowledged the application in early April. Notably, Fidelity’s fund plans to stake a portion of its SOL holdings through trusted third-party providers, offering the potential for yield — a unique feature among current filings.
Will Solana ETF Be Approved in 2025?
While the SEC has not yet ruled on any of these applications, the sentiment has shifted notably since the start of 2025. With Bitcoin and Ethereum ETFs already live, analysts believe it’s becoming increasingly difficult for the SEC to justify rejecting similar products — especially those that trade on regulated futures markets or are supported by mature custody and pricing infrastructure.
Regulatory classification remains one of the last unresolved hurdles. The SEC has not made a formal determination about whether Solana is a security, and ongoing litigation involving other altcoins could influence the decision timeline. Still, ETF sponsors are updating their filings to address concerns proactively, including surveillance-sharing agreements and expanded disclosures — tactics that were key to winning approval for spot Bitcoin ETFs in early 2024.
According to Bloomberg Intelligence, a spot Solana ETF could draw $3–6 billion in inflows, making it one of the largest altcoin ETF launches to date. The fact that futures ETFs tied to Solana are already recognized by US clearing houses only adds to the momentum.
If any of these Solana ETFs are approved in the second half of 2025 — which many analysts now expect — it would mark a major step toward bringing institutional-grade investment access to one of the most dynamic blockchains in the crypto ecosystem.
The post Solana ETF Explained: Key Players, Approval Timelines, and Market Impact appeared first on Coinpedia Fintech News
As institutional interest in crypto continues to rise in 2025, Solana has emerged as one of the top contenders for a spot ETF listing in the United States. With its fast-growing DeFi ecosystem, low transaction fees, and expanding developer base, Solana is increasingly seen as the leading alternative to Ethereum — and now, the race …
Since the Pi Network mainnet launched on February 20, it has made headlines for its ambitious goals. Yet, it has also faced substantial criticism. The underwhelming price performance and lack of DApps, among other issues, have raised questions about Pi Network’s ability to meet the expectations of its reported 60 million users, referred to as Pioneers.
Below are five key areas of underperformance that emerged as focal points for observers in early 2025.
1. Pi Network’s Lack of Binance Listing
Pi Network’s community has been vocal in its push for a listing on major exchanges like Binance. In fact, 86% of participants voted to list Pi Coin (PI) in a February community vote.
Despite this show of support, Binance has not listed PI. On May 15, the exchange posted its logo on X (formerly Twitter) featuring several mathematical symbols, including π. The post sparked speculation among Pioneers, but no official listing announcement followed.
The absence of a listing has led to renewed scrutiny over Pi Network’s credibility. Notably, Binance applies a rigorous evaluation process before listing any asset.
The exchange considers user adoption, business model viability, relevance, tokenomics, technical security, team background, and compliance with regulatory standards. The decision not to list Pi Coin may indicate that the project has yet to meet one or more of these critical benchmarks.
“I now better understand why Pi is not listed on major exchanges such as Binance and Coinbase. It is likely that the Pi Core Team has not been transparent enough about the locking and burning mechanism involving the billions of Pi coins currently owned by the PCT,” Pioneer Dr. Altcoin posted on March 22.
Coinbase, another top exchange, has also refrained from listing Pi. This has further fueled disappointment among Pioneers about the token’s potential for mainstream adoption. Nonetheless, Pi Coin remains available for trading on HTX, Bitget, MEXC, and OKX.
2. Pi Coin Price Fails to Meet Expectations
Pioneers have been actively mining Pi Coin for around six years, anticipating major gains. Yet, its price was a major letdown for many. At launch, Pi Coin was listed on OKX with a floor price of just $2. This was way below its IOU trading value.
The underwhelming debut worsened as PI dipped below the $1 mark shortly after listing. Although the token rebounded to an all-time high of $3 in late February, the rally was short-lived. PI soon resumed its downtrend, falling below $1 again by late March.
Last week, the level was briefly reclaimed as support. Yet once more, PI failed to hold above it. These declines came despite some bullish catalysts.
The launch of the Pi Ventures Fund was followed by a sharp price drop rather than a recovery. Additionally, Pi Network founder Nicolas Kokkalis made a rare public appearance at Consensus 2025 on May 16.
Many hoped it would restore investor confidence. Instead, the token plunged. BeInCrypto data showed that PI dipped 42.6% over the past week. At press time, Pi Coin’s price was $0.7, down 3.1% over the past day.
While the official announcement outlines a funding pool of up to $100 million, Pi Network Foundation retains full discretion over the deployment of these funds.
“The Pi Foundation is not obligated to invest the entire $100 million, based on the quality of applicants and number of startups accepted into the initiative,” the blog read.
The initiative also allows for phased investments over time. Additionally, the Foundation can discontinue funding at any stage. This condition has not been well received by some in the community, who expected more immediate and guaranteed support for ecosystem development.
“The $100M promise investment will discontinue from time to time if they don’t see any investors coming or having no impact at all LOL,” a user wrote.
4. Pi Network’s Missing Decentralized Apps (dApps)
The concerns extend beyond the fund’s stability. Dr. Altcoin alleged that the team is using the fund to build DApps that should have already been completed.
He explained that one of Pi Network’s mainnet launch conditions was deploying 100 live dApps. As of May 2025, this promise remains unfulfilled, with most dApps still missing from the ecosystem.
“After 6 years of waiting, why isnt anyone asking the real question: Where are the 100 Dapps we were promised?” the analyst stated.
The shortfall has left many in the community questioning the network’s readiness and ability to support a functional ecosystem.
5. Pi Network’s Roadmap Issues
Another major concern is the lack of transparency. Pi Network unveiled a three-phase roadmap for its mainnet migration in April 2025, but the absence of specific timelines has frustrated users.
A report from BeInCrypto highlighted the community’s backlash, emphasizing that the roadmap did not include estimated dates or an audit process to address discrepancies in historical mining data. This has further deepened distrust in the project’s leadership.
That’s not all. Other issues, such as delays in KYC and challenges in migrating tokens to the Pi Network mainnet, have also been prevalent.
Thus, Pi Network’s first three months post-launch have been marked by unmet expectations and growing disillusionment among its Pioneers. As the network navigates these setbacks, its ability to deliver on its ambitious vision will be critical to restoring confidence in the months ahead.
BOOP, the latest meme coin on Solana, quickly surpassed a $500 million market cap just hours after its launch on May 1, 2025, drawing intense interest from the crypto community.
However, behind the explosive price surge lie significant risks tied to volatility, regulatory pressure, and the long-term sustainability of the Boop.fun ecosystem that investors must carefully consider.
The Surge of BOOP and Boop.fun on the Solana Ecosystem
BOOP, the token of the meme coin launch platform Boop.fun on Solana. It has sparked a frenzy as its market capitalization soared past $500 million shortly after its launch on May 1, 2025, before settling at $421 million.
The token’s trading volume reached $63.9 million within the first 1.5 hours, reflecting intense interest from the meme coin community. At the time of writing, it has climbed to $112 million.
Reports indicate that Boop.fun was founded by Dingaling, a prominent figure in the NFT community known for successful projects like Moonbirds and Invisible Friends. Dingaling’s involvement lends credibility and helps Boop.fun garnered significant attention from its debut.
Factors Supporting BOOP’s Price Surge
Several positive factors have contributed to BOOP’s price rally. First, Moonshot, a platform dedicated to supporting meme coins, announced the integration of BOOP into its ecosystem.
Additionally, the actions of major investors played a crucial role. A smart wallet spent 2,500 SOL, equivalent to $37.7 million, to establish a BOOP position at $0.07115. It is now recording a profit of $600,000 with a 159% return.
The participation of large investors signals confidence in BOOP’s potential, particularly as the Solana ecosystem experiences a boom. Solana’s total value locked (TVL) reached $8.01 billion in May 2025, a $2 billion increase from October 2024.
Moreover, institutional investors are starting to take notice of Solana. DeFi Development Corp (formerly Janover), dubbed the “SOL version of MicroStrategy,” announced on Thursday that it expects to receive $24 million in private equity investment (PIPE), which will support general corporate purposes, including acquiring more Solana.
“This raise is a milestone in our mission to build the most transparent, crypto-native treasury vehicle in public markets.” It enables us to scale our SOL position with speed – while continuing to deliver SOL-per-share growth to our investors.” said the company’s Chief Executive Officer, Joseph Onorati
Pro-crypto policies from the Trump administration have also bolstered market sentiment. The Solana community even hopes that BOOP could become the “next BONK,” a meme coin that achieved significant success on the ecosystem in 2023. However, BOOP faces several risks behind this rapid growth that need careful consideration to assess its long-term potential.
Risks and Challenges for BOOP
Despite their impressive achievements, BOOP and Boop.fun face numerous challenges. First, BOOP shows signs of high volatility driven by market FOMO. The rapid price surge may indicate an overbought condition, posing a risk of a sharp correction.
The history of meme coins on Solana reveals that many tokens have peaked quickly only to plummet later, such as BONK, which lost 70% of its value from its peak in December 2023. This raises questions about BOOP’s sustainability once the initial excitement fades.
Second, regulatory pressures are a significant concern. The EU’s MiCA regulation, effective since June 2024, imposes strict standards on token issuance platforms like Boop.fun. This could impact Boop.fun’s global expansion plans.
Finally, Boop.fun is a newcomer to the Solana meme coin launch platform. Competition from platforms like Pump.fun, Auto.fun, or, recently, LaunchLab will create many barriers for this platform.
Considering these risks and challenges, if Boop.fun fails to build a sustainable user base, BOOP may face significant price volatility, much like other meme coins on Solana. This requires Boop.fun to develop a clear strategy to grow its ecosystem and maintain investor interest.
