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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 value 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 members merely ship SOL to the Slothana pockets deal with after which sit again and wait till the tokens are airdropped. In accordance with 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 lot of new IEOs can hit a $500K market cap, however a $500K whole elevate is totally different. Whereas the market cap represents worth primarily based on the worth of 1 token, Slothana’s whole elevate comes from chilly, laborious liquid investments.
This illustrates an unwavering urge for food from some deep-pocketed whales and sensible cash. Nonetheless, its early stage sparks hypothesis as to why they’re investing.
Might it’s basic pleasure about Slothana’s recent 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 group behind Slothana?
It will be comprehensible to suppose that meme cash are light-hearted moonshots with little or no thought or group of their building. Nonetheless, that is merely not the case for a lot of.
For example, the brand new Solana phenom Guide of Meme not too long ago grew to become the fastest-ever meme coin to a $1 billion market cap, attaining 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’t inform me a 20k account did all this by himself.”
The tweet has garnered nearly 700K views, illustrating the broader market can be suspicious of BOME’s meteoric success.
Nonetheless, Guide of Meme is way from the one meme coin using superior methods for achievement. And now rumours are circulating that the Smog group 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 group is behind Slothana, the brand new venture’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 retailers.
The meteoric rise of Guide 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 members 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 grow to be a “$420 million crypto chad.”
Slothana buyers might help unfold the venture’s phrase by participating 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 venture, Go to the Slothana web site or Join the community
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