Published
4 weeks ago on
March 28, 2024
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Meme coins - in particular, Solana meme coins - continue to grab headlines during the ongoing bull run.
Even reputable publications are featuring their explosive growth - Bloomberg covered Slerf’s price rally which saw the meme coin surge 5000% in a few hours and even flip Ethereum’s trading volume.
A new Solana meme coin is now generating significant buzz. Slothana ($SLOTH) - an office sloth-inspired token - has raised over $1.2 million in its presale in just 2 days. Smart-money traders and crypto influencers have already started noticing the new crypto coin.
Popular YouTuber Crypto Zeus, who has over 78k subscribers on YouTube, believes that $SLOTH could be the “new Solana meme coin gem”, also mentioning the possibility of its being the next Bonk.
Slothana Hits Million-Dollar Mark As Presale Frenzy Continues
The Slerf developer accidentally burning all presale tokens set off a wild chain of events. Many called Slerf the greatest DEX launch in crypto history, which not only made sloth-based meme coins the new trend but also popularized a new model of presale.
Slothana’s presale - similar to Slerf - requires investors to simply send $SOL tokens directly to the project’s wallet. The address of the wallet is EnSawje2vQSQKtGbPYdXEuYKm2sHgeLKJTqCmrDErKEA. 1 $SOL will yield 10,000 $SLOTH tokens.
⏰ Tired of the 9-5? So is Slothana!🦥Our office sloth is ready to ditch the daily grind and embrace the world of crypto trading. No more getting high on herb, just high on profits! Send SOL to help our sloth go from 420 couch surfer to $420m crypto chad! #slothana #memecoin
— Slothana (@SlothanaCoin) March 25, 2024
This new model is simpler than the traditional method which requires buyers to connect their wallets to a website and purchase the token either through a bank card or by swapping native tokens such as ETH, SOL or USDT.
The latter approach also entails buyers claiming their tokens after the completion of the presale. Instead, $SLOTH tokens will be automatically airdropped to investors. Recent viral meme coins such as $SLERF, $PUMP and $PUNDU have all used this new innovative model, making it the latest blueprint for success.
However, investors who prefer the traditional model can head to the Slothana website and utilize the over-the-counter widget. This requires them to have a Phantom wallet with $SOL tokens in it.
Slothana’s presale has another twist. It does not have any set hard cap and could end with very short notice. Investors could easily miss out on this opportunity, which is contributing to the hype and FOMO around it.
Could $SLOTH Deliver 100x Returns?
Popular crypto influencer ClayBro, who has 123k subscribers on YouTube projects that Slothana could deliver up to 100x returns after its launc
Indeed, a number of factors are in favour of $SLOTH. Despite the recent success of Slerf, Pump and Pundu, there is a significant pent-up demand for new Solana meme coins.
The low trading fees on the Solana blockchain is one of the factors contributing to this demand, the other is new crypto millionaires cropping up every day by investing early in meme tokens. Just today on Thursday, Lookonchain revealed that one trader turned just over $5000 into $883k in just 2 days with the Mew meme coin.
Rumours are also circulating that the developer team behind Smog - another recent meme coin phenomenon - is also behind Slothana. Smog delivered close to 27,000% returns to the early buyers and reached close to $260 million at its peak.
If the rumours are true, the team behind the Slothana project knows how to build community hype. It’s not without reason that it was already trending on X/Twitter just hours after its presale launch.
Solana’s bullishness will continue to draw attention towards SOL-based meme coins. With analysts projecting $SOL to reach $600 during this bull run, tokens such as $SLOTH could also deliver strong returns.
Investors can follow the project on X to catch the latest updates.
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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