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Reading: Solana’s new meme coin Slothana ($SLOTH) soars 107% in just one day, reaches all-time high following announcement of burn mechanism
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Gulf Press > Business > Crypto > Solana’s new meme coin Slothana ($SLOTH) soars 107% in just one day, reaches all-time high following announcement of burn mechanism
Crypto

Solana’s new meme coin Slothana ($SLOTH) soars 107% in just one day, reaches all-time high following announcement of burn mechanism

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Last updated: 2024/05/11 at 2:07 AM
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Slothana, a new meme coin on the Solana blockchain, has been making waves in the crypto world with its blistering returns and unique features. The $SLOTH token saw a 107% increase in value in the last 24 hours, reaching an all-time high of $0.032. The token went live after a successful presale that raised $15 million and was airdropped to purchasers on Wednesday. The buying momentum has been driven by a series of recent developments, including a listing on the decentralized exchange Raydium, applications for listing on CoinMarketCap and CoinGecko, and a new burn mechanism that increases scarcity as the price rises.

Slothana’s trading chart shows a strong performance since the airdrop, with bullish patterns and healthy selling momentum indicating that the token is not overbought. The token has already attracted a large number of holders, with trading volumes reaching $11.57 million in the last 24 hours. Two exchanges, XT.com and Poloniex, have announced the listing of $SLOTH for trading, further increasing its accessibility and popularity among investors. With a verified contract and high community trust, Slothana is on track to become one of Solana’s top debuts.

The month-long ICO for Slothana ended with an impressive $15 million raised, highlighting the growing demand for meme coins that offer a unique and humorous take on the crypto market. Slothana’s countercultural roots and sloth mascot set it apart from other meme coins, attracting a diverse range of investors looking for something different. With upcoming events like Bitcoin’s halving update and the potential approval of Ethereum ETFs, Slothana holders are optimistic about future rallies and the token’s value.

As Solana continues to outpace Ethereum in popularity and functionality, projects like Slothana are thriving on the network, attracting attention from investors and developers alike. Solana’s growing ecosystem, with over $4 billion in total value locked and millions of active users, provides a strong foundation for meme coins like Slothana to succeed. The upcoming potential approval of Ethereum ETFs could further boost interest in the crypto market and lead to explosive rallies across different blockchains, including Solana.

While the presale window for $SLOTH may have closed, it’s not too late to join the Slothana community and participate in the token’s growth. With a range of exciting developments on the horizon and a strong foundation on the Solana blockchain, Slothana is poised for success in the ever-evolving crypto market. For the latest updates and information on Slothana, visit their official website and follow their X account on social media. Don’t miss out on the rise of Slothana and the exciting opportunities it offers to crypto investors.

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News Room May 11, 2024
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