According to @Pentosh1, the Solana-based meme coin Bonk (BONK) surged 9.87% to $0.00001494 on July 2, driven by news surrounding Tuttle Capital's proposed 2x Long BONK ETF. The firm filed a post-effective amendment indicating the ETF could launch no sooner than July 16, pending regulatory approval. This proposal also includes leveraged funds for other assets like SOL, XRP, ADA, and LTC. Technical analysis shows BONK broke through resistance at $0.0000144 on strong volume but later formed a head-and-shoulders pattern, suggesting potential short-term exhaustion. Key support is now identified around $0.0000142. Adding to market dynamics, the BONK developers announced the Saga phone token redemption program will end on July 31, with unclaimed tokens returning to the BONK DAO for ecosystem development.

According to Eric Balchunas, Tuttle Capital's launch of the $EUAD European Defense ETF just one month before the election has resulted in a 60% gain and attracted $900 million in assets in its first year, a significant milestone for a thematic ETF (Source: Eric Balchunas on Twitter, June 16, 2025). This strong performance in the defense sector highlights investor demand for sector-specific plays with geopolitical relevance, which could influence risk sentiment and capital flows in the broader market, including cryptocurrencies, as traders seek diversification and hedge against volatility.