Doge and Frog-based meme tokens are quickly becoming old news for some meme coin traders, as new sloth-based meme coins are stealing the spotlight.
After the recent meme coin sensation SLERF, which many analysts called the ‘greatest DEX launch in the history of crypto’, a new token – Slothana (SLOTH) – is turning heads in its presale phase.
The new Solana meme coin is following in the footsteps of $SLERF, $PUNDU, $BOME and $PUMP – allowing investors to buy the token early in the presale by simply sending $SOL tokens to a wallet address.
Unsurprisingly, $SLOTH is witnessing strong early success, raising close to $550k in just a few hours. After just two posts, Slothana is already trending on X / Twitter and could be the next Solana meme coin to explode.
⏰ Tired of the 9-5? So is Slothana!🦥Our office sloth is ready to ditch the daily grind and embrace the world of crypto trading. No more getting high on herb, just high on profits! Send SOL to help our sloth go from 420 couch surfer to $420m crypto chad! #slothana #memecoin
— Slothana (@SlothanaCoin) March 25, 2024
No Hard Cap In Slothana Presale Leads To Strong FOMO
As previously mentioned, SLERF’s success – which saw the meme coin surge 5000% in just a few hours – has popularized a new model of presale.
Usually, new cryptocurrencies organize a tier-based presale – in which the price of the token increases after every stage – to generate FOMO and incentivize investors to buy early. This requires the buyers to visit the project website, connect their wallets to the available widget and swap ETH or SOL tokens to buy the token.
On the other hand, the Slothana presale simply requires interested buyers to send SOL tokens to a wallet. After the conclusion of the presale, investors will receive an airdrop of their $SLOTH tokens in the same wallet they used to send the $SOL token.
However, this does not mean that there isn’t a strong sense of FOMO amongst investors. In a surprise twist, the project has not revealed any hard cap for the presale. This means that investors could easily end up missing out on what could be the next big money-making opportunity in the meme coin space.
Once the presale ends, all the interested buyers who would have sent their SOL tokens late will simply receive them back.
Is SLOTH The Next SLERF?
Solana meme coins continue to be in extremely high demand, even outshining their Ethereum counterparts during this bull run.
After all, the high trading fees on Ethereum are often too high for retail investors. It’s not without reason that Solana was revealed to be the most popular blockchain ecosystem in 2024.
Leaving the big names in the sector such as Bonk, Dogwifhat and SLERF aside, Solana meme coins continue to make crypto millionaires every day.
Just today on Tuesday, data from LookOnChain reveals that one investor turned $35k into $8.9 million with $MEW. Another trader made $4.1 million in 20 minutes with $PUNDU.
In less than 20 mins, this sniper earned 21,657 $SOL($4.1M) on $PUNDU.😱
He spent 17,285 $SOL($3.3M) to buy 86.34M $PUNDU in the same block where the #PUNDU deployer added liquidity.
Then he sold all $PUNDU for 38,942 $SOL($7.4M) within 20 mins.https://t.co/NnbixIHxs3 pic.twitter.com/wmho68Addb
— Lookonchain (@lookonchain) March 26, 2024
No matter the meme coin, the key is almost always to get in early. For investors who missed out on those aforementioned meme coins, Slothana could be their chance to get in on the next big Solana meme coin early.
Rumours are also rife that the developer team behind Slothana is the same one that steered Smog – another popular Solana meme coin – to a $250 million market capitalization.
$SMOG started trading at a listing price of just $0.001419 and reached an all-time high of $0.38 – returning 27,000% gains to the earliest buyers.
