The new Solana meme coin, Slothana ($SLOTH), has attracted a lot of interest from investors, many of whom are hoping to repeat the success of previous ventures like Slerf and DogWifHat.
In a few of days, the “send SOL” style presale for Slothana—a new Solana meme coin—raised $1.5 million. Tokens of Solana (SOL) are sent to an address in return for $SLOTH. Slothana shows a high degree of market demand and puts the company on the right track.
As long as the presale is ongoing, the token’s current price, which is $0.018599 per token, is expected to rise. The company behind Slothana is also credited by many investors with creating Smog (SMOG), which had large price gains following its launch.
On the Solana blockchain, meme coins are becoming more and more popular, which is why Slothana is gaining so much attention. Before April 19th, when Bitcoin undergoes a halving event that is anticipated to limit supply and maybe increase prices, investors are especially interested in meme currencies.
