Investors Send $1.5 Million in Solana to New Meme Slothana Coin | Trending Viral hub

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In just a few days, traders have invested $1.5 million in an ICO for Solana’s new meme coin, Slothana ($SLOTH), in a bid to try and recapture some of that early potential from the established fun tokens of Solana. the network, such as Slerf, DogWifHat and Bonk.

The latest Solana meme sensation is a sloth who lives and works on the Solana blockchain. But with his red eyes permanently clouded, he gives the impression that he doesn’t really want to work. Oh no, he’s thinking something bigger: he wants to go “from $420 to $420 million.”

Meme coin watching channels are full of rumors that Slothana is from the same team that launched Smog (SMOG), which rallied more than 30 times for many early investors after going public.

Just two days into a ‘send SOL’ style pre-sale and SLOTH has already raised $1.5 million, and that number is increasing by the minute!

Slothana (SLOTH) is a tribute to the humble Sloth, inspiration behind the recent and successful Slerf project, also on Solana. Slerf generated a lot of buzz after an attention-grabbing developer bug in mid-March of this year and recently posted some dazzling daily returns, as the meme coin pre-sale trend and a market-wide rally helped channel the investors towards Solana meme coins.

For years, people mainly used Ethereum and the ERC-20 token standard to create meme coins. Today, Ethereum rival Solana is creating a meme coin category of his own as leading projects regularly record considerable returns during purchasing cycles across the market.

Slothana’s $SLOTH Set to Take Advantage of Bitcoin Halving

While we’ve come a long way since Bitcoin launched in 2009, one thing hasn’t changed: the world’s largest cryptocurrency by market capitalization still sets the pace for the rest of the sector.

That said, meme coins, which are typically the most volatile investments in cryptocurrencies, are likely to see frequent returns in the coming months in anticipation of Bitcoin’s April 19 halving.

That is the date when Bitcoin mining rewards will be halved, creating a serious bottleneck in issuing new Bitcoin. At the same time, institutional interest in Bitcoin is at an all-time high. The world’s favorite cryptocurrency is currently trading approximately 3% below its previous all-time high of $73,737.94, recorded a fortnight ago on March 14.

Large institutional purchases of Bitcoin following the approval of eleven Bitcoin ETFs in January fueled that recent all-time high. ETFs are regulated investment vehicles that allow anyone with a brokerage account to effectively buy and hold Bitcoin to exploit its price growth through the safeguards of a regulated investment product.

So if institutional demand for Bitcoin is at an all-time high, what will happen when the halving reduces new supply? Well, the answer is obvious and proven: the law of supply and demand driving prices has already caused major rallies in the three previous Bitcoin halvings.

The increased attention paid to Bitcoin sheds light on the broader market, providing the perfect conditions to foster a meme coin rally.

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

There is also a handy widget on the Slothana website that accepts SOL trades by connecting your Phantom or other self-custody wallet.

One SOL purchases 10,000 $SLOTH, meaning each token is priced at approximately $0.018599 at the time of writing, although this will increase as the pre-sale progresses.

Visit Slothana here

Smog (SMOG) – Meme Coin with Rewards

smog sheet
  • First Airdrop Season Available Now
  • Earn XP to qualify for a share of $1 million
  • Featured on Cointelegraph
  • Staking Rewards: 42% APY
  • 10% discount on free sale – smogtoken.com
smog sheet

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