Investors Transfer $1.5 Million Solana to New Meme Coin Slotthana

In just a few days, traders poured $1.5 million into the ICO of new Solana meme coin Slotthana ($SLOTH), hoping to recapture some of the early potential of fun tokens established on the network such as Slerf, DogWifHat, and Bonk.

Solana’s latest meme sensation is a lazy sloth who lives and works on the Solana blockchain. But his permanently blurred red eyes give the impression that he doesn’t really want to work. No, he’s looking at bigger things. He wants to go “from $420 million to $420 million.”

Meme coin observation channels are abuzz with rumors that Slotthana is from the same team that launched Smog (SMOG), which rose more than 30x for many early investors after listing.

It’s been less than two days since the ‘Send SOL’ style pre-sale began and SLOTH has already raised $1.5 million, and that number is swelling by the minute!

⏰ Are you tired of 9-5? Same goes for Slotthana!🦥Our office sloths are ready to ditch the daily grind and embrace the world of cryptocurrency trading. No more herbs, just increase your profits! Send us your SOL to help our sloths grow from 420 couch surfers to $420 million in cryptocurrency! #slodana #memecoin

— Slothana (@SlothanaCoin) March 25, 2024

Slotthana (SLOTH) is an homage to the humble Sloth, which also served as inspiration for the recent massively successful Slerf project on Solana. Slerf made headlines in mid-March of this year following a developer gaffe and posted notable daily gains as the recent meme coin pre-sale trend and market-wide rally helped drive investors toward Solana meme coin.

For years, people have been creating meme coins, primarily using Ethereum and the ERC-20 token standard. These days, Ethereum’s rival Solana is creating its own meme coin category, with major projects regularly posting big returns during market-wide buying cycles.

Slotthana’s $SLOTH is ready to ride the Bitcoin halving.

Bitcoin has come a long way since its launch in 2009, but one thing has remained the same: the world’s largest cryptocurrency by market capitalization still sets the pace for the rest of the sector.

That said, meme coins, typically the most volatile investment in cryptocurrency, are likely to make frequent gains in the coming months in anticipation of Bitcoin’s halving on April 19.

This is the date when Bitcoin mining rewards will be halved, creating a severe bottleneck in the issuance of new Bitcoin. At the same time, institutional interest in Bitcoin is at an all-time high. The world’s most popular cryptocurrency is currently trading around 3% below its previous high of $73,737.94 posted two weeks ago on March 14.

It recently hit an all-time high due to massive institutional purchases of Bitcoin following the approval of 11 Bitcoin ETFs in January. ETFs are regulated investment vehicles that effectively allow anyone with a brokerage account to buy and hold Bitcoin in order to capitalize on its price appreciation through the protections of a regulated investment product.

Rising interest in Bitcoin shines a light on the broader market, providing the perfect conditions to foster a meme coin rally.

Go to the website to check out the project. To buy $SLOTH, send SOL to: EnSawje2vQSQKtGbPYdXEuYKm2sHgeLKJTqCmrDErKEA

The Slotthana website also has a handy widget that allows SOL swaps by connecting Phantom or other self-custodial wallets.

One SOL buys 10,000 $SLOTH. That means the price of each token is roughly $0.018599 at the time of this writing, but will likely rise as the pre-sale progresses.

Visit Slothana here.

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