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The Solana presale saga continues as new meme coin Slothana raises $500K in its opening hours.
Following within the footsteps of sensations like SLERF, BOME, PUMP, and PUDU, Slothana’s presale is a single-tiered occasion the place customers merely ship SOL to the presale’s pockets.
This no-thrills method is against the everyday tiered presales, which comprise incremental worth will increase in a bid to arouse FOMO. But, the nonchalant nature of Slothana and its predecessors is exactly the attract that’s fascinating meme coin degens.
Market individuals merely ship SOL to the Slothana pockets tackle after which sit again and wait till the tokens are airdropped. Based on its web site, 1 SOL equals 10,000 SLERF.
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Slothana begins sturdy
Regardless of launching simply eight hours in the past, the Slothana presale has already raised a staggering $500K.
Certainly, a number of new IEOs can hit a $500K market cap, however a $500K whole elevate is completely different. Whereas the market cap represents worth based mostly on the value of 1 token, Slothana’s whole elevate comes from chilly, arduous liquid investments.
This illustrates an unwavering urge for food from some deep-pocketed whales and sensible cash. Nevertheless, its early stage sparks hypothesis as to why they’re investing.
Might or not it’s normal pleasure about Slothana’s contemporary outlook? Is SLOTH the Solana meme coin saga’s subsequent evolution? Or do they know one thing the broader market doesn’t?
Is the 100X Smog staff behind Slothana?
It will be comprehensible to suppose that meme cash are light-hearted moonshots with little or no thought or group of their development. Nevertheless, that is merely not the case for a lot of.
As an illustration, the brand new Solana phenom Ebook of Meme lately turned the fastest-ever meme coin to a $1 billion market cap, reaching the feat in simply two days. Did this occur by likelihood?
Analysts suppose not. Lord Ashdrake alleges that BOME is a “cabal coin,” speculating, “You can not inform me a 20k account did all this by himself.”
The tweet has garnered virtually 700K views, illustrating the broader market can be suspicious of BOME’s meteoric success.
Nevertheless, Ebook of Meme is much from the one meme coin using superior methods for achievement. And now rumours are circulating that the Smog staff is behind Slothana.
Smog soared over 100x after launching in February, peaking above a $200 million market cap.
Whereas it stays to be seen if Smog’s staff is behind Slothana, the brand new undertaking’s appreciable early success undoubtedly resembles Smog’s.
The Solana presale narrative is gaining tempo
What began as an inner-circle degen play is now mentioned on mainstream media shops.
The meteoric rise of Ebook of Meme and Slerf has captivated market analysts, as evidenced by Bloomberg’s latest protection of Slerf and the way it eclipsed the market in on-chain buying and selling quantity.
Since each BOME and SLERF began as presales, the narrative is undoubtedly gaining legitimacy. With that, market individuals sidelined by the 2 phenoms are actually hungry for his or her slice of parabolic pie, presenting Slothana with an enormous addressable market.
However along with funding flooding in, Slothana can be gathering momentum within the social realm. With simply two tweets on X, it has already began to development by outlining its plans to turn into a “$420 million crypto chad.”
Slothana traders may help unfold the undertaking’s phrase by partaking with or sharing the tweet. Having launched simply eight hours in the past, Slothana is already proving a formidable contender within the Solana meme coin sphere.
To be taught extra about this undertaking, Go to the Slothana web site or Be part of the group
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