Solana’s Fully Baked New Meme Coin Slothana ($SLOTH) Soars 107% In 24 Hours To Hit New ATH After Burn Mechanism Announcement

Presale
and
early
investors
are
now
celebrating
blistering
returns
for
Solana’s
hottest
new
pothead
meme
coin,
Slothana.
The
$SLOTH
token
has
risen
107%
in
the
last
24
hours
to
hit
an
all-time
high
of
$0.032,
according
to

data
by
DexTools. 

$SLOTH
went
live
at
the
beginning
of
the
month
after
raising
an
eye-watering
$15
million
in
a
month-long
presale
that
ended
in
April.
It
hit
the
market
after
tokens
were
airdropped
to
purchasers
on
Wednesday. 

Today,
the
meme
coin
is
pumping
hard.
The
buying
momentum
appears
to
be
driven
by
a
steady
string
of
developments
this
week. 

On
Wednesday,
the
token
airdrop
concluded
and
$SLOTH
hit
the
Solana-based
decentralized
exchange
(DEX),
Raydium.
The
team
also
announced
through
its
X
account
that
it
submitted
applications
for
listing
on
the
two
most
popular
crypto
aggregators:
CoinMarketCap
and
CoinGecko,
a
clear
nod
to
the
project’s
market-capturing
ambition. 

On
Thursday,
the
team

announced
it
has
now
renounced
all
control
of
the
$SLOTH
smart
contract.
That
means
all
tokens
are
now
in
circulation. 

Finally,
today,
the
Slothana
team
revealed
a
new
burn
mechanism,
whereby
every
time
the
price
of
$SLOTH
increases
by
a
cent,
a
corresponding
number
of
dollars
worth
of
tokens
(multiplied
by
a
million)
will
get
burnt.
If
that
sounds
confusing,
it
really
isn’t.
Just
look
at
the
tweet: 

????????????
Slothana
tokens
are
at
risk
of
going
up
in
smoke!
As
the

$SLOTH
price
climbs,
the
forest
fires
rage
quicker,
turning

$SLOTH
tokens
to
ashes.

????
$0.03
=
$3m

$SLOTH
burnt
????
????
$0.04
=
$4m

$SLOTH
burnt
total
????
????
$0.05
=
$5m

$SLOTH
burnt
total
????
????
$0.06
=
$6m

$SLOTH…

pic.twitter.com/xdhd69JD55

—
Slothana
(@SlothanaCoin)

May
10,
2024

This
mechanism
serves
to
increase
Slothana’s
scarcity,
further
driving
value
and
setting
the
scene
for
potentially
explosive
future
rallies
as
the
token
literally
gets
rarer
as
it
gets
pricier. 

$SLOTH’s
DEX
Debut 

Slothana’s
trading
chart
over
the
week
shows
a
token
that
began
rallying
hard
after
the
airdrop
concluded
on
the
evening
of
May
8,
UTC.
The
line
forms
textbook
bullish
patterns
from
then
on,
with
steep
upward
climbs
followed
by
brief
periods
of
consolidation. 

$SLOTH
is
priced
well
right
now,
too.
A
Relative
Strength
Index
of
59
and
falling
indicates
the
asset
is
not
overbought
and
some
healthy
selling
momentum
is
picking
up
to
counterbalance
the
speculation
as
the
token
takes
a
breather
before
its
next
upward
swing. 

It’s
likely
to
rocket
again.
In
the
last
24
hours,
trading
volumes
for
the
$54
million
market
cap
token
hit
a
staggering
$11.57
million
between
over
36,000
holders.

The
surging
demand
for
Slothana
has
led
two
exchanges
to
announce
on
X
that
they
are
listing
the
token
for
trading
as
of
today.
Both
XT.com
and

Poloniex
announced
their
new
$SLOTH
listings
by
lunchtime,
UTC. 

People
trust
it
as
a
meme
coin
that
will
bring
them
value,
too.
On
DexTools,
the
token’s
contract
has
been
verified
and
the
project
has
a
DEXTscore
of
82/99.
Additionally,
some
93.5%
of
community
voters
trust
it,
according
to
the
token’s

profile. 

Clearly
this
fun
and
irreverent
pothead
meme
coin
is
only
gaining
momentum.
From
a
staggering
launch
to
a
feverish
listing,
Slothana
is
already
one
of
Solana’s
all-time
top
debuts
on
Solana. 

The
Slothana
Presale:
$15
Million
Raised 

Slothana’s
month-long
ICO
ended
at
the
end
of
last
month
after
attracting
a
sweltering
$15
million
in
investments. 

Auspicious
timing
helped
make
the
project
a
success,
together
with
a
growing
appetite
for
meme
coins
that
offer
a
different
species
of
laughs
to
the
gamut
of
Dogecoin
copycats
currently
vying
for
supremacy
in
the
sector. 

To
begin
with,
Slothana
is
rooted
in
counterculture.
From
the
clock
hands
on
the
wall
reading
4:20
to
his
hazed
red
eyes,
Slothana
was
born
overtly
signaling
his
allegiance
to
the
army
of
potheads
around
the
world. 

In
keeping
with
the
lackadaisical
vibe,
Slothana
is
a
sloth.
Like
his
predecessor
Slerf
($SLERF),
he
creates
space
for
a
much
more
diverse
meme
coin
sector,
beyond
the
common
run
of
Shiba
Inu
doge
meme-themed
coins
like
Dogecoin,
Shiba
Inu,
Bonk,
DogWifHat
and
Floki. 

Immediately
after
the
weekend
of
the
international
stoner
holiday,
April
20,
which
was
also
the
day
of
Bitcoin’s
halving
update,
Slothana’s
presale
takings
leapt
from
$10
million
to
$15
million. 

With
crypto’s
success
this
year
closely
tied
to
the
news
cycle,
two
more
price-driving
events
have
Slothana
holders
banking
on
some
heady
post-launch
rallies
on
the
horizon. 

Is
A
2024
Bull
Run
Coming
For
Slothana
And
The
Solana
Ecosystem?

On
Slothana’s
favorite
day
this
year,
April
20,
a
pre-programmed
quadrennial
Bitcoin
software
update
called
“the
halving”
made
mining
Bitcoin
twice
as
hard
as
to
get
the
same
rewards. 

Since
the
market
moves
in
step
with
Bitcoin,
this
supply
shock
has
previously
resulted
in
significant
bull
runs
within
a
year
of
the
last
three
halvings
and
analysts
expect
this
year
to
be
no
different. 

When
Bitcoin
is
on
a
bull
run,
so
too
is
the
rest
of
the
market.
Virtually
every
leading
cryptocurrency
tracks
the
price
movements
of
Bitcoin,
with
late
February/early
March
accounting
for
the
steepest
gains
so
far
this
year
across
many
projects.
Bitcoin
set
a
new
high
watermark
of
$73,737.94
on
March
14.

????????
Prepare
for
the
rise
of
Slothana!
With
our
coffers
overflowing,
it’s
time
to
embark
on
a
Sloth
crusade
to
establish
a
global
empire.
Slothana’s
reign
is
imminent.
⚔️
Anyone
who
stands
in
its
way
will
face
the
wrath
of
the
holy
Slothana
army!
????????

#SlothanaEmpire…

pic.twitter.com/TyFjlJTL8q

—
Slothana
(@SlothanaCoin)

April
11,
2024

It’s
also
an
exciting
time
to
be
on
Solana.
Crypto’s
second-most
commercially
important
blockchain
is
rapidly
outdoing
Ethereum
to
become
the
go-to
blockchain
for
tomorrow’s
biggest
meme
coins.

In
relatively
little
time,
projects
like
DogWifHat
($WIF),
Bonk
($BONK),
Book
of
Meme
($BOME)
and
Popcat
($POPCAT)
have
risen
to
become
top
ten
market
cap
meme
coins.
The
market
is
hungry
for
more,
too.
Some
of
the
most
hyped
launches
on
Solana
recently
include
the
multi-chain
Dogecoin-killer

Dogeverse
and

Sealana,
the
all-American
crypto
trading
Seal. 

It’s
no
mystery
why
the
network
is
rising.
Solana
is
a
digital
economy
housing
over

$4
billion
in
total
value
locked
(TVL)
across
various
apps
and
financial
services,
with

over
1.15
million
active
users
transacting
daily
and
over

2,500
monthly
active
developers. 

Will
Ethereum
ETFs
Be
A
Catalyst?

One
key
catalyst
for
Bitcoin’s
rallies
this
year
came
from
the
fact
that
Bitcoin
became
a
multi-billion
dollar
investment
product
in
the
US
this
year
thanks
to
the
January
launch
of
11
spot
Bitcoin
ETFs. 

Now,
analysts
suggest
that
spot
Ethereum
ETFs
are
coming
next,
on
May
23
–
the
SEC’s
first
deadline
to
return
a
verdict
on
the
latest
round
of
spot
Ethereum
ETFs.
Should
Ethereum
investment
products
get
approved
in
the
US,
that
would
be
a
clear
sign
to
the
world
that
crypto
is
more
than
just
Bitcoin.

That
could
foment
some
explosive
rallies
across
not
only
Ethereum,
but
also
so-called
“Ethereum
killer”
blockchains
that
also
deploy
high-functionality
smart
contracts,
like
Solana,
Slothana’s
native
blockchain. 

So,
the
$SLOTH
presale
window
may
be
over,
but
it’s
not
too
late
to
join
crypto’s
funniest
and
most
subversive
new
meme
coin
crowd
after
the
airdrop. 

Visit


Slothana’s
official
website
here.  

Follow
the
latest
developments
on
Slothana’s

X
account.