Meme coin stans are stocking up on Solana’s sensational new 420-friendly token, Slothana (SLOTH), ahead of Bitcoin halving and International Stoner Day on April 20th.
A new red-eyed sloth, Slotana, lives in Solana.
The $SLOTH ICO has only been around for three weeks and has already raised a dizzying $10 million.
News comes after establishment solana meme coin Similar to Slerf, DogWifHat and Bonk followed market leaders Bitcoin and Ethereum in a small market-wide rally ahead of next week's Bitcoin (BTC) halving. exceeded).
Ethereum’s highly functional smart contracts have long made it the network of choice for meme coin projects. However, with the expansion and development of the so-called “Ethereum killer” Solana, the fast Layer 1 blockchain has challenged Ethereum’s dominance in this space.
Slotana is not lazy, it certainly looks like one. He has high ambitions (and secret chatter). I looked at the clock and waited for 4:20.
From then on, he thinks it will be a short journey to $420 million.
Slothana (SLOTH) and Bitcoin’s 420 Halving
If Slotana were able to raise more than $10 million in two weeks, it would take 84 weeks to reach a market cap of $420 million at current demand levels. It's impossible for him to get there in one ICO, given the fact that presales don't last forever.
However, several price-driving stories will move the overall market in the coming weeks. Meme coins will gain traction as traders start taking a risk-off approach (which they always do!). And this Solana offering could really leave Ethereum in the dust.
🎩🌿🦥 I'm going to make them a meme coin you can't deny 🚀 Slothana is on the move to dominate the crypto scene. “Keep your friends close, your meme coins close” – The Slothfather 💼💰 #slotana #Sloth's father pic.twitter.com/RnPJEan2Bq
— Slothana (@SlothanaCoin) April 10, 2024
The first event that will affect prices is the once-in-four-year Bitcoin halving next Saturday. April 20th.
A halving is an event in Bitcoin's code that reduces BTC mining rewards by half. As miners control the issuance of new Bitcoin, increased institutional demand from the approval of 11 Bitcoin spot ETFs in the US in January, and increased retail and institutional demand from the US. Supply is becoming a bottleneck and prices are rising. itself is halved.
Next month, on May 23, 2024, the SEC will have to render a verdict on the round of Spot Ethereum NFTs.
Again, given Bitcoin's historical precedent, the industry sees strong potential for the US Spot Ethereum ETF hype to outperform Ethereum in speed and scale overall, especially on chains like Solana. We believe that this is a major price factor.
Slothana's $SMOG connection
Slothana is rumored to be from the same team that launched Smog ($SMOG). After finishing pre-sale and listing, collected many multiples. If investors are confident that $SLOTH will be able to provide funding after listing.
🌿💰 Get ready for the rise of Slothana! Our coffers are overflowing, so it's time to set out on a sloth conquest to establish a global empire. Slotana's reign is at hand. ⚔️ Anyone who gets in the way will face the wrath of the Sacred Slotana Legion! 🚀🦥 #SlotanaEmpire… pic.twitter.com/TyFjlJTL8q
— Slothana (@SlothanaCoin) April 11, 2024
The clock is ticking and the $SLOTH team is playing cards right before our eyes. The pre-sale period is a mystery as the release date has not yet been confirmed.
Interested investors can participate in the presale now by sending SOL to the following address: EnSawje2vQSQKtGbPYdXEuYKm2SHgeLKJTqCmrDERKEA Or use the post widget on the Slothana website.
Visit Slotana here
Disclaimer: Cryptocurrency is a high-risk asset class. This article is for informational purposes only and does not constitute investment advice. You could lose all your capital.
