TRUMP and BONK, meme coins on the Solana platform, have shown interesting results in light of the anticipated approval of their ETF applications by the SEC. This creates prospects for potential price growth.
BONK's Performance Compared to TRUMP
BONK achieved significant weekly results, increasing by 17.4%, surpassing the average gains of Solana meme coins at 9.6% for the same period. While both tokens experienced monthly declines—TRUMP down 1.5% and BONK down 6.7%—BONK retains nearly 100% gains from pre-rally levels.
Challenges for TRUMP Meme Coin
The TRUMP meme coin has struggled with traction since its launch in January 2025. After a brief rise to $15.60 in April, the token returned to $7.57, only 15% above its low point. This highlights its vulnerability to volatility and the need for recovery.
Influence of Macroeconomics on Meme Coins
Recent macroeconomic data also affects meme coin trading on Solana. Trading volume has decreased by 41% over four weeks, indicating reduced interest from retail investors. Such a drop may limit the positive impact of potential ETF approvals.
ETF approval for TRUMP and BONK meme coins could represent a significant step for their future growth. However, overcoming current macroeconomic challenges will be essential for price dynamics recovery.
