PLERF price drops 60% as Solana Memecoin traders turn to Slotthana presale.

Sloth-themed tokens are the latest trend making waves in the Solana memecoin ecosystem.

A slew of sloth-themed coins launched by SLERF are now poised to overtake dog-themed tokens among memecoin traders.

This week PLERF was the latest coin to reflect this trend.

After reaching an all-time high of $0.0055 earlier today, the project crashed to $0.0014 as traders took profits and turned to new opportunities.

Will Slotthana pre-sales explode next?

Slotthana is the new Sloth on the block, hoping to capitalize on the success of the memecoin pre-sale mania to become Solana’s next big thing.

The presale has already raised over $7 million in funding, and is believed to be led by the team that launched the hugely successful Smog presale.

Smog is currently trading at a fully diluted valuation of $285 million and is expected to launch on Tier-1 exchanges later today.

Twitter user SatoshiClub connected the dots between the Smog and Slotthana teams. source: X

Pre-sales have become the new meta for Memecoin traders looking to make big profits. Pre-sales allow buyers to participate at wholesale prices, similar to investing in an ICO before the coins are traded on the public market.

This maximizes the potential for significant profits if the coin performs well at launch.