Monday, April 22, 2024 – Solana’s sensational new 420-friendly meme coin project Slothana ($SLOTH) has raised an eye-popping $15 million dollars in a month-long presale.
The ICO is still ongoing, according to a timer on the website, counting down to the end of the project’s ICO on April 29, giving Slothana fans just under six days left to join the presale.
At the beginning of last week, Slothana had raised over $10 million. By the beginning of this week, several million more were channeled into the project.
That’s because Bitcoin’s fourth quadrennial halving and international stoner day both happened to fall on Saturday, April 20.
When Slothana’s timer runs down next Monday, there will be an airdrop date announcement.
However, the team is keeping details close to its chest to foment some potentially explosive buying activity in the coming weeks.
Slothana’s $SLOTH airdrop and future listing come at an opportune time.
The broader crypto market is expecting a few 2024 rallies as the now-bottlenecked supply of Bitcoin tries to keep up with consistent demand.
🚀🌕 Prepare for a moonshot as we ready the engines of the Slothship! 🌿🦥 With the launch just around the corner, our slothful crew is gearing up for an epic journey through the crypto cosmos. Buckle up and hold onto your branches, because there’s just 6 days to go 🌌🌟… pic.twitter.com/yHBrE3NP5x
— Slothana (@SlothanaCoin) April 22, 2024
Slothana Post-Bitcoin Halving
Analysts are banking on the fact that the past three Bitcoin halvings have historically caused market-wide bull runs to suggest that 2024 could be a very profitable year for crypto fans.
Last Saturday, a Bitcoin software update slashed mining rewards from 6.25 BTC per block to 3.125. This means miners now need to mine twice as long as they did before Saturday to get the same rewards.
Since it’s the miners that sell the new BTC supply on the open market, this has now caused a significant supply shock in what is proving to be a popular year for Bitcoin.
Back in January, the US Securities and Exchange Commission approved the launch of 11 Bitcoin ETFs, essentially investment products that enable investors to buy and hold Bitcoin through a regulated vehicle with all the safeguards that entails.
The news helped Bitcoin reach a new all-time high of $73,737.94 about a month ago.
And where Bitcoin goes, the rest of the market follows. Broadly speaking, every leading cryptocurrency tracked the price movements of Bitcoin, with late February/early March accounting for some of the steepest gains so far this year across many projects.
🚀 Hold onto your branches, Slothana faithful! 🌿 We’re gearing up to drop some major news: the official launch date is on the horizon! ⏰ Get ready to mark your calendars and set your alarms, because a countdown timer will soon grace our site. Let the hype for the Slothana…
— Slothana (@SlothanaCoin) April 14, 2024
Slothana and Solana
Many new coins have been appearing on Slothana’s native network, Solana, as its ecosystem expands.
In recent months, Solana meme coins like Slerf, DogWifHat and Bonk have on good days far outpaced the gains posted by their Ethereum-based rivals Floki, Pepe and Shiba Inu. These successes helped drive Slothana’s own $15 million presale as investors FOMOd the network’s next viral meme coin.
However, a string of recent outages have both negatively impacted the price of Solana and rallied the network to bounce back.
Last week, Solana developers deployed a mainnet beta update aimed at addressing the network’s congestion problems. Now Solana and all its affiliated projects are ready to bounce back.
Interested investors have only six days left to join the $SLOTH presale by sending SOL to this address: EnSawje2vQSQKtGbPYdXEuYKm2sHgeLKJTqCmrDErKEA or using the contribution widget on the Slothana website.
Visit Slothana Here
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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