Merkle Tree Capital CIO: Two presidential-themed meme coins may help Sol reach $400 before US election

ChainCatcher news, according to DL News, Ryan McMillin, chief investment officer of crypto fund management company Merkle Tree Capital, said that meme coins will go deep into the bull market, and two presidential-themed meme coins will be actively traded in the next few months. It may help Sol reach $400 before the US election in November.

It added: “While memes may be a joke and a vehicle for short-term speculation, they are paving the way for other, more sustainable use cases, such as the tokenization of real-world assets. As the U.S. Treasury takes action to strengthen the economy , more liquidity will hit the market, thereby supporting Solana’s price, which means investors will have more funds to trade high-risk assets such as cryptocurrencies.”