A new presale meme coin on Solana called Slothana has raised $10 million in less than two weeks.
The presale follows a similar design to other Solana presale sensations like Book of Meme and Slerf, which featured a single-tiered pricing system, and investors simply sent SOL to the project’s wallet to enter.
But in a bid for broader accessibility, Slothana ushers in another way to buy, inviting users to connect their wallets to the project’s website to purchase the presale.
The campaign is ongoing, enabling market participants to buy ahead of its exchange launch. However, with no predetermined hard cap, potential buyers should act fast or risk missing out.
After raising $10 million in under two weeks of presale, traders are looking toward Slothana’s exchange launch, anticipating an equally explosive trajectory.
The project has already overshadowed other Solana presale giants like Book of Meme and Slerf, which raised $2 million and $10 million, respectively.
Adding to the excitement, these projects experienced unprecedented success after their presales, with Book of Meme hitting a $1 billion market cap and listing on Binance within two days. Meanwhile, Slerf eclipsed every blockchain in on-chain trading volume in its opening days.
These accolades have garnered coverage in the most prestigious media outlets like Bloomberg, laying the way for the next generation of Solana presales to enjoy even more success.
It’s easy to consider meme coin success haphazard and accidental. But that’s not usually the case. Take Book of Meme, its meteoric trajectory raised eyebrows industry-wide, and the market consensus was that a smart-money, back-seat cabal drove its success.
Analyst Lord Ashrake speculated on X, “You cannot tell me a 20k account did all this by himself.”
He continued, “There has to be some sort of arrangement because those 1000 SOL buys that came in to push the price even higher must come from somewhere.”
The tweet garnered almost 700k views, 2k likes, and over 270 retweets.
Similarly, rumors are circulating that the nifty Smog team is behind Slothana. Smog launched in February and soared 100x to a $200 million market cap within weeks of launching.
Amid the whispers, crypto sleuths quickly put two and two together, discovering an undeniable connection: Smog’s team commented on Slothana’s first-ever X post when it had less than 50 followers.
Indeed, this establishes a tremendously bullish outlook for Slothana, and this is the sentiment shared by leading market analysts.
A prominent YouTube account boasting over 700k subscribers recently published a video speculating that Slothana could hold 100x potential.
The video contemplated that Slothana could be the “next 100x gem” and that it could “flip Slerf.”
Other analysts are also bullish on the new sloth-themed meme coin.
“This could be the next big Solana meme coin to soar,” said ClayBro on his YouTube channel.
What’s more, Slothana has also been picked up by leading media outlets like Yahoo Finance, Crypto Potato, Watcher Guru, Techopedia, and Bitcoinist.
These factors indicate a bright future for the sloth-themed meme coin, but those looking to buy must act fast. There is no predetermined presale hard cap, meaning the event could end on time.
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