The #ETF500 project, a derivative of $Fartcoin, is gaining traction among traders as it is viewed as a retirement fund. The project has been associated with the meme culture surrounding former President Donald Trump, with references to $TRUMP and the potential for significant price movements. Recent tweets indicate that traders are actively buying into #ETF500, with some claiming that every dip presents a buying opportunity. The project is reportedly in its 'soaking stages,' suggesting that investors are accumulating tokens in anticipation of future growth. The sentiment among traders is optimistic, with expectations that #ETF500 could reach a valuation of $1 billion soon, particularly as it becomes tradable with leverage on-chain. The narrative around the project is heavily influenced by the popularity of meme coins and the involvement of prominent figures in the cryptocurrency space.