In recent months, meme coins especially in Solana have come to the fore. New ones are added every day to the dog and cat themed coins that have experienced big rises. Investors started to look for new ones among these types of coins. Sloth fashion has truly begun with Slothana coin.
The meme coin depicts a professional-looking lazy creature waiting for 5 o’clock to finish his shift in his office. For this reason, Slothana, a cryptocurrency with a theme centered on a lazy figure pursuing wealth in the crypto market, is rapidly attracting the attention of investors specializing in meme coins.
Slothana (SLOTH) managed to generate over $7.7 million in revenue in just one week. It has created a stir among experts and investors due to its calm nature. A significant part of Slothana’s appeal comes from its use of the Solana blockchain. It should be noted that the concept of pre-sale has been transformed for those who want to buy Slothana coin in the project. The Slothana pre-sale does not have a specific end date and may end at any time. The sense of urgency triggered FOMO (fear of missing out) among investors, resulting in increased demand.
The project collected 500k on the first day of presale and has maintained a consistent pace since then due to heavy purchases of Slothana coins. After the pre-sale ends, SLOTH will be distributed to investors’ wallets via an airdrop. In the project, 1 SOL will bring 10,000 SLOTH.
The Community is Preparing to Take Slothana to the Top
A poll was conducted on Twitter to determine whether SLOTH should be listed only on a decentralized exchange (DEX) or on both a DEX and a centralized exchange (CEX). The option to be listed on both platforms received 77 percent of the votes. The coin has created significant demand, as evidenced by the nearly 4,500 X followers who voted. This requirement means that the price may experience a significant increase once the project becomes operational.
The Slothana pre-sale offers several options to participate in the event. Investors have the option to transfer Solana directly to the project’s wallet address or link their wallet to purchase Slothana coins by visiting the Solana website.
In more understandable terms, the project introduced a new market entry method in Solana that eliminated price phases, timers and the need for a fixed cap. The pre-sale requires users to send SOL to a token address. When Slothana coins are purchased, the tokens are then released to the wallets via airdrop.
The Slothana website also has a widget that accepts SOL exchanges by connecting a Phantom or other self-custodial wallet.
The Emergence of Solana Meme Coins
Solana hosted several notable meme coins this season, such as Smog (SMOG), Book of Meme (BOME) and Bonk (BONK), which experienced notable launches and turned traders’ capital into significant profits. Currently, Solana meme coins alone exhibit a daily trading volume of $2 billion.
The current frenzy around Solana coins has prompted experts and investors to extensively search for the latest viral idea in Solana presales and ICOs. Some experts predict that Slothana will experience a significant increase in value and become the next Solana coin.
Is It the Year of the Sloth in Meme Coins?
Cryptocurrencies with animal-themed memes have been around for a while. Since its inception in 2013, Dogecoin has gained a significant following due to its incorporation of meme culture and fun mascots. This year, meme coins have experienced significant increases in value.
The previous year, the cryptocurrency known as Pepe Coin experienced a rapid and significant increase in value, reaching a market cap of $1 billion in just three weeks. By comparison, it took Dogecoin nearly four years to reach the same milestone. However, the meme community is rapidly taking on a different character and there appears to be significant demand for SLOTH-themed meme coins in the current year.
The first significant venture undertaken by SLOTH was Slerf (SLERF), which had a favorable pre-sale that raised a staggering sum of over $10 million. Unfortunately, the project developer unintentionally burned all Solana tokens and announced this via a tweet.
However, after extensive discussions regarding X, the community was united and showed support. The show of solidarity resulted in a significant shift, leading SLERF to reach a transaction volume of $2.5 billion in the first 24 hours after its official launch.
This launch has established him as a major figure in the world of sloth-themed memes, with some expecting Slothana to surpass SLERF in popularity.
There is no certainty that Slothana, which is said to be backed by the hugely successful SMOG token team, will surpass meme coins such as Book of Meme or Slerf. But its highly successful presale, potential exchange listings, and enthusiastic community make it a coin worth watching.
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