There’s a new Solana meme coin turning heads with its exciting presale that’s raised over $7 million in just a week. Slothana is a sloth-themed meme coin with a calm and composed attitude causing a buzz amongst analysts and investors.
Slothana is revolutionizing the concept of presales. Rather than setting a finite date, the Slothana presale could end at any moment. This sense of urgency has fueled FOMO among investors, driving demand and potentially leading to significant gains for early adopters.
The project raised $500k on its first day of presale and hasn’t slowed down since.
The Slothana presale offers multiple ways to get in on the action — investors can send Solana directly to the project’s wallet address or head to the Solana website and connect their wallet to buy $SLOTH.
Once the presale is over, $SLOTH will be airdropped to investors’ wallets. 1 SOL will be exchanged for 10,000 SLOTH, which currently works out at a value of $0.0184 per SLOTH token. With the price of Solana up 40% this month, these tokens could be worth significantly more by the end of the presale.
Demand for the token is high, with almost 4,500 X followers voting for the token to launch on DEXs. This demand means that the price could spike hugely once the project is live. CEX listings often go hand in hand with price surges — listings on Binance see a 41% price jump.
The rise of Solana meme coins
Solana has been home to some of the biggest meme coins this season, with coins like Book of Meme and Bonk having explosive launches and turning traders’ investments into big profits.
Currently, there is a daily trading volume of $2 billion within Solana meme coins alone.
Book of Meme ($BOME) rose 3000% after its launch, reaching $1 billion in market cap within 24 hours. It’s currently the 7th biggest meme coin, with three other Solana meme coins in the top ten.
This Solana meme coin mania has sent analysts and investors scouring Solana presales and ICO for the newest viral project. Many analysts are predicting Slothana to be the next Solana meme coin to go to the moon.
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The Year of the Sloth?
Animal-themed meme coins are nothing new. Since the launch of Dogecoin in 2013, they’ve garnered a huge community with their nods to meme culture and fun mascots. We’ve seen huge rises for Shiba Inu coins such as SHIBA and even Dogecoin20 this year.
Last year, froggy Pepe Coin had an explosive launch, reaching $1 billion in market cap within three weeks. In comparison, it took Dogecoin almost four years to reach that point. However, the meme community is quick to move onto a new character, and the appetite for Sloth-themed meme coins is huge this year.
The first major Sloth project was Slerf ($SLERF), which had a promising presale that raised over $10 million. However, the project developer accidentally burned all the Solana tokens, announcing it with a now infamous tweet.
However, after lengthy discussions on X, the community rallied around. Several prominent platforms, such as BingX, HTX, and BitGet, promised to donate $SLERF transaction fees to the affected individuals. This show of support turned things around, and $SLERF hit over $2.5 billion in trading volume in the first 24 hours of its official launch.
This launch solidified the sloth within the meme community and some are predicting Slothana to be the new Slerf.
While there’s no guarantee that Slothan will outpace meme coins like Book of Meme or Slerf, its hugely successful presale so far, potential exchange listings, and community fervor make this a promising coin to keep an eye on.
Check out Slothana on X for the latest updates and hints as to when the presale might end.
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