Despite major losses in leading cryptocurrencies, Solana-based meme coins continue to show impressive growth.
Slerf (SLERF), one of the most popular meme coins on the Solana blockchain, had arguably the most controversial presale of the current market cycle, raising over $10 million but then accidentally burning through its entire presale supply.
This left investors deprived of the tokens, but naysayers saw it as a lucrative buying opportunity thanks to the accidental scarcity effect.
As a result, the Slerf price rose considerably at the exchange launch, garnering $1.7 billion in on-chain transaction volume, dwarfing all blockchains, including Ethereum.
After a short decline, SLERF has now rebounded and increased by more than 10 percent. Other Solana-based meme coins followed suit. As of the time this news was written, Dogwifhat increased by more than 7 percent and Smog Token increased by more than 12 percent.
These gains are in sharp contrast to the generally sluggish performance of the cryptocurrency market. Bitcoin made a small recovery after falling below $57,000 and is trading around $59,300 as of this writing. Simultaneously, the market value of the meme coin industry in Solana increased by 14.7 percent, reaching $7.4 billion.
This market enthusiasm for meme coins looks set to trigger a bull season. For this reason, the new pre-sale project Sealana token attracts attention. So much so that within minutes of the pre-sale event starting, Sealana token purchases exceeded 100 thousand dollars.
Sealana is Ready to Move to the Top of Meme Coins Rankings
After dogs, cats and frogs, seals have also rolled up their sleeves to dominate the meme coin market. The recently launched Solana-based new meme coin Sealana (SEAL) has started to create a storm in the market after generating $140k in the first few hours of its presale. This shows that investors are becoming more interested in new meme-focused projects.
Sealana, which has been flocked by investors since the beginning, has good pre-sales momentum. While there is no doubt that Sealana has potential, interested buyers are racing against time. The pre-sale does not have a predetermined upper limit, meaning it may end at any time. Therefore, those looking to purchase Sealana tokens need to act quickly.
As this early success shows, meme coins continue to thrive despite the market’s lack of interest in other cryptocurrencies. However, in its quest to become SOL’s next big meme coin, Sealana token seems quite idealistic.
Pixel, a well-known crypto investor, explains the newest way to trade in the Meme coin market with the following words; “If it makes me laugh, I’m buying it.”
This is what makes the Sealana project different from other new meme coins. The project website calls Sealana “a fat seal taking a deep dive into the Solana sea.”
The following statements about the project promotion on the website attract attention:
“Sealana is a fat seal who hunts whales on her computer. “She’s so into this high-risk market that she left her formerly beautiful body behind to eat chips and canned tuna.”
In a way, this represents everyone who is neglecting their health in favor of chasing the next big opportunity in the crypto market.
The SEAL presale looks set to follow in the footsteps of other SOL meme coin presales that have created a splash in the past few months, most notably Slothana (SLOTH), which raised more than $15 million.
Sealana Pre-Sale Draws Attention With Its Difference
Sealana resonates with investors attracted by the volatile cryptocurrency market. Therefore, as part of community building, the team plans to publish ideas that can make the project go viral.
Investors can participate in the ongoing campaign by sending SOL to the project’s wallet address or by connecting their wallets to the pre-sale web page and purchasing Sealana tokens directly. According to the website, one SOL is equal to 6,900 SEALs.
This innovative approach eliminates many of the complexities associated with the traditional crypto presale model. For example, investors do not need to request pre-sale assets. Because it is reported that investors will receive SEAL assets as an airdrop after the completion of the initial coin offering (ICO).
However, investors can opt for the traditional model, which they see as a safe haven, and log into the pre-sale website and connect to a Solana wallet such as Phantom or Solflare. They can then exchange their SOL tokens with Sealana.
Like most meme coins, Sealana does not promise to be useful or make users money. This just stands out as a cool new meme coin project from cat and dog themed tokens about who will control the industry.
Disclaimer: This is a sponsored content and press release and what is written here cryptokoin.com It does not reflect the views of the team. High risk of loss should be taken into consideration in leveraged transactions and cryptocurrency investments, and extensive research should be done before investing in any platform.
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