The latest rendition of the Solana pre-sale saga, Slothana, raised $2 million in just three days.
Such early interest resembles the impressive debuts of other phenomena like BOME and SLERF, setting a bullish precedent for Solana’s new four-legged friend.
Slothana presale features a single-tier pricing system, and investors send SOL to the project wallet address to purchase
This presents a distinct perspective compared to the tiered pricing systems and token generation events (TGEs) of most presales.
Yet this approach has captivated the attention of traders by embodying the nonchalant essence of the same coins.
The marketing power behind Slothana?
It’s easy to dismiss the success of meme coins as accidental and less sophisticated than other crypto asset classes.
But in reality, the sheer number of meme coins on the market means that only the most astute and culturally savvy survive.
An obvious example is Book of Meme. The project recently saw unprecedented success, becoming the fastest meme coin to reach a market cap of $1 billion after its presale. He achieved the feat in just two days.
BOME also quickly saw listings on major tier-one exchanges, including Binance. However, analysts suspect that this success relies on a highly competent team.
“You can’t tell me that a $20,000 account did all this by itself,” alleged Lord Ashdrake.
He continued: “There must be some sort of arrangement because those 1,000 SOL purchased that came to drive the price even higher must have come from somewhere.”
The analyst speculated that a clever financial cabal colluded to ensure Book of Meme’s triumph.
Likewise, speculation is growing that a shrewd team is propelling Solana’s new sensation, Slothana.
Indeed, this would not be surprising, given that traders invested over $2 million in the presale in three days. Such a total increase indicates that deep-pocketed players have high conviction in $SLERF.
Team Slothana is rumored to be the same group that started Smog.
Smog is a Solana-based coin that launched in February and soared 100 times to reach a market cap of over $200 million in a matter of weeks.
Given the success of Smog, this would be extremely bullish for $SLOTH if the rumors are true.
To add to the excitement, the Smog X account was one of the first to respond to Slothana’s initial X post when it had fewer than 50 followers.
Slothana’s follower count has exploded since then, but early interactions illustrate a likely connection.
Solana has more cash than she knows what to do with
Recently, Solana has become a hotbed of popular narratives and memetic innovations.
Two of the top three DEXs by trading volume are based on Solana, accounting for a total of 22.7% of the entire crypto market’s on-chain trading volume.
Meanwhile, Soalna’s TVL is exploding, currently approaching its highest levels ever.
On top of that, Solana meme coins hold a staggering combined market cap of $8 billion.
These factors present huge potential for upcoming Solana-based meme coins.
On the one hand, massive value is locked in Solana smart contracts, potentially waiting to be deployed in new opportunities.
On the other hand, early coin investors have grown significantly, likely wanting to spin their profits and increase their growth.
Given Slothana’s immense early success, this lazy coin appears poised to attract massive liquidity and climb higher than expected.
However, with no predetermined pre-sale cap, potential buyers must act quickly to ensure they don’t miss out.
Follow X of Slothana account to keep up to date with his latest antics.
You can also visit its website to know the wallet address to send SOL and purchase the presale.
Visit Slothana’s website
reference: watcher.guru