Is this the next 100x meme coin? Some would say so. In just under three weeks, Solana’s all-American hillbilly $SEAL has attracted over $1.2 million catching the attention of investors worldwide.
That’s because, hilarious as he is, Sealana is at the forefront of a new wave of meme coins that are helping
Solana challenges Ethereum’s dominance as the go-to blockchain for viral meme coins.
#Sealana‘s throwing a raging frat party for the OG $SEAL Alphas as the #Presale cruises towards the $1m mark. 🦭🚀
The bros are there, the beers are cold, and the babes are en route.🇺🇸🍻
Missed the invite?📩 Looks like you haven’t bagged enough $SEAL to make the cut.💰 Join the… pic.twitter.com/riLSZCqfkB
— Sealana (@Sealana_Token) May 13, 2024
Sealana comes waddling in behind wildly successful predecessors DogWifHat ($WIF), Bonk ($BONK), Book of Meme ($BOME) and Popcat ($POPCAT), all of which shot up to become top ten meme coins by market capitalization.
He’s also preceded by another recent viral Solana meme coin ICO – Slothana ($SLOTH). Sealana’s 420-friendly chain-mate raised an eye-watering $15 million in a recent one-month presale.
Now it looks like $SEAL is Solana’s next viral lazy guy meme coin, but little is known about the project. There are hints that the team behind it may have previously launched the infamous and wildly successful Slerf ($SLERF) meme coin.
Crypto’s original sloth-themed meme coin, Slerf, launched back in March but the presale went south when the team accidentally burned some $10 million in tokens allocated for ICO investors. The team then watched Slothana outraise Slerf and then returned with their new offering, Sealana.
Although his original home was Solana, $SEAL is technically multichain and anyone with SOL, ETH or BNB in their wallets can purchase it now at a fixed presale price of $0.022.
But who exactly is Sealana?
Solana’s chunkiest bedroom patriot is Making Meme Coins Great Again.
Doesn’t Sealana Remind You of Someone?
Look familiar? Perhaps you recognise the cross-eyed, screen-locked gaze but maybe you don’t connect the dots. Sealana’s main source of inspiration is South Park’s Gamer Guy, aka Fat Computer Nerd, who was immortalised as a viral meme legend by the internet.
Gamer Guy first appeared in the hit cartoon’s side-splitting World of Warcraft episode and in meme form has come to symbolize anyone with unhealthy screen time, from the legions of disgruntled keyboard warriors writing sharp, acerbic opinions in internet comments sections, to the lazy guy in everyone.
Beached at his desk and ballooning by the day, when he’s not making degen Solana trades, Sealana’s roving flippers fumble across his desk for sustenance of chips and tinned tuna.
Why does the hungry $SEAL love Solana so much? Because crypto’s second-most commercially important blockchain is currently the best Layer 1 blockchain to launch high-volume meme coins.
The market is hungry for more and Sealana feels a tingling in his blubber. Solana could flip BNB to become the third-largest cryptocurrency by market capitalization, a positive boon for all its affiliated projects.
Solana currently hosts a digital economy storing over $4.496 billion in total value locked (TVL) across various apps and financial services, with 1.16 million active users transacting daily and over 2,500 monthly active developers.
There are also some potentially market moving events ahead that could add billions to the Solana network across all its projects.
The Halving and ETF Effects on Solana
Recent disappointing crypto prices after some early-year rallies reflect a market that is briefly consolidating before the economic effects of a Bitcoin software update known as “the halving” kicks in.
If analysts are right, then $SEAL and other Solana meme coins could attract some feverish speculation in the coming year.
That’s because the halving slashed mining rewards from 6.25 BTC per block to 3.125, effectively halving the issuance of new BTC.
Now, with Bitcoin setting new all-time highs this year after the US approval of spot Bitcoin investment products back in January, many analysts say crypto is set to become much more valuable, thanks to the bottlenecked new supply colliding with increased demand.
Even an honourable discharge won’t stop #Sealana from spreading FREEDOM with his fellow special forces $SEALs.🪖🦭
Putting his battlefield days behind him, Sealana and his comrades are now taking on a different enemy: keyboard warriors and #Memecoin haters.😡⌨️
He didn’t serve… pic.twitter.com/VV4oWeSjTi— Sealana (@Sealana_Token) May 15, 2024
The past three halvings have added significant value to the market well within a year of the update.
More market-wide bull runs will prompt further meme coin gold rushes in the near future. This time, Solana tokens will be leading the rallies, ahead of their ERC-20 counterparts.
The potential US approval of Ethereum ETFs on Thursday next week could also be a boon for Solana meme coins like $SEAL.
Builders on Solana often boast their network is the number one “Ethereum-killer” and so its tokens often react bullishly to positive Ethereum news.
Follow the latest developments on Sealana’s X account.
Buy Solana’s laziest $SEAL at the official website 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.
Read the full article here
