Bitcoin has climbed above $58,000 and Ethereum reached $3,150 early Saturday as the broader cryptocurrency market recorded an uptick. This includes meme coins, whose market cap has increased 2.3% at the time of writing, amid a fresh buzz around political tokens.
As investors look to position, one of the top trending tokens in the space that’s attracting attention is Solciety (SLCTY). Find out why below.
Germany sells all of its BTC, spot ETFs inflows record 5-week high
On July 12, Bitcoin spot ETFs saw net inflows totaling $310 million, which marked the sixth-consecutive day of net inflows for the flagship cryptocurrency. The daily inflows were also the largest since June 5, 2024 when the market saw net inflows into spot Bitcoin ETFs hit $488 million.
Friday had BlackRock’s IBIT with net inflows of $120 million, while Fidelity recorded a single-day inflow of $115 million into its FBTC. Grayscale’s ETF GBTC also saw inflows, with $23 million while Bitwise’ BITB reached $28.4 million and Ark Invest’s ARKB saw inflows of over $13 million.
Also notable on Friday was news that the German government had finally moved its last BTC for selling. On-chain data by Arkham showed the German government wallet hit zero to mark the end of one of the biggest sell-offs of Bitcoin.
Bitcoin price sees slight gains
The price of Bitcoin rose slightly amid the inflows, climbing above $58,000. Bulls are likely to eye the $60k level. However, analysts at Coinbase said in a report on Friday that markets may continue to be choppy throughout Q3, 2024. Nonetheless the macro picture improving in Q4 and the US election could see BTC rally higher.
Meme coins, which could thrive through the choppy market, will most likely explode ahead of the election too. One of the meme markets to watch is the PolitiFi space, where a new entrant is creating waves during its presale.
What is Solciety?
PolitiFi meme coins had a significant upside traction in June as most altcoins and Bitcoin struggled with downside pressure. While the momentum has cooled off in the first weeks of July, analysts say the market is poised to pick pace again.
Trump related tokens that draw inspiration from former President Donald Trump led this new frenzy as events such as his conviction in New York accentuated sentiment. There have been spikes for PolitiFi Jeo Boden (BODEN) or Kamala Horris (KAMA) too amid political related events in the Democratic Party camp.
While these tokens are likely to see huge moves as the election nears, Solciety (SLCTY) is the new PolitiFi meme that captures both the US presidential election sentiment and the momentum in Solana meme coins. It’s the political party for degens and has a tool that makes it the meme coin to watch.
Meme Campaigner, the tool that sets Solciety apart from other PolitiFi meme coins, is one reason SLCTY is flying through the presale. This is a feature that capitalizes on political satire and viral moments to create a whole new way to get value out of election hype.
Are Donald Pump, Kim Wrong Urn or Badimir Putain characters you can create viral memes from? The meme campaigner offers 200 such and the top creators of the most viral memes will earn SLCTY.
Solciety hits $900k in ICO as PolitiFi buzz picks pace
Solciety has raced to an ICO raise of over $900k, swiftly reaching stage 5 of the expected 15 presale stages. The presale offers a chance for meme coin enthusiasts to grab a share of 3 billion tokens available to the community at this stage, with SLCTY price heavily discounted.
Currently, presale participants can buy SLCTY before FOMO kicks in at the bargain price of $0.002289. The next stage will see the token’s price increase to $0.002357 and continue at 3% gains up to the final stage.
Discover more about Solciety on its official presale page.
