Grayscale’s Spot SOL ETF Could Reverse Solana’s Downtrend & Propel Snorter Token

The altcoin’s 19.5% weekly drop to $194 has cast a shadow over its short-term trajectory.

And when $SOL generates buzz again, it’s bound to uplift Solana-based projects, particularly innovative ones like Snorter Token ($SNORT).

Six Spot Solana ETF Filings Await SEC Approval

Although REX Osprey launched a staking SOL ETF in July, it does not provide the same level of exposure as a full-blown spot product.

A grayscale spot ETF would make it much easier for large institutional investors to invest directly in $SOL, thereby boosting deeper liquidity and broader market participation.

The chances of at least one Solana ETF being approved are mighty high, with prediction platform Polymarket putting the odds at an impressive 99%.

Source: Polymarket

Should that prediction materialize, $SNORT is well-positioned to profit from renewed interest in the Solana ecosystem.

Snorter Bot to Go Live on Solana This Quarter

$SNORT could benefit from a Solana resurgence because its core product, Snorter Bot, will initially be deployed on the Solana network.

Once launched this quarter on Telegram – the world’s fourth most-used messaging app – it’ll give traders a serious edge in the fast-moving crypto markets.

By debuting on Solana, the bot promises execution fees as low as 0.85%. In fact, it claims to offer the lowest costs and fastest execution on the network, which could give you a real trading advantage edge.

Source: Snorter Token

From there, Snorter Bot will expand to Ethereum, BNB Chain, and other EVM-compatible networks. It’ll unlock even more trading opportunities beyond $SOL and $SOL-based options assets.

Whichever platform you choose, you can utilize the bot’s powerful tools like automated sniping and copy trading. This allows you to easily acquire new tokens and mirror the strategies of professional traders to boost your profit potential.

Source: Snorter Token

And you’ll be able to do so without worrying about risks. Snorter Bot promises to be MEV-protected and includes built-in rugpull and honeypot alerts to detect fraudulent tokens before you’re exposed.

Buy $SNORT for Leaderboard & Staking Rewards

Backing the project is $SNORT, with a quarter of its total token supply dedicated to ongoing product development.

However, owning $SNORT isn’t just about supporting the bot’s growth; it also grants access to exclusive perks such as leaderboard rewards, staking rewards at a 115% APY, and DAO voting power.

Considering all this, it’s no surprise that $SNORT has already raised over $4M presale.

You, however, can get involved for just $0.1055. Simply head to the official Snorter Token presale website and buy the token using either fiat or crypto ($USDT, $ETH, or $BNB).

Our price prediction believes $SNORT has what it takes to reach $1.07 once Snorter Bot goes live later this year.

Suppose that happens, joining the presale now could generate gains exceeding 915%.

Scoop up some $SNORT today.