Solana Stoner Meme Coin Project Slothana Secures $15 million In ICO, Only Six Days Left To Buy

Solana's sensational new 420-friendly meme coin project, Slothana ($SLOTH), has raised an impressive $15 million in its month-long presale.

The ICO is still ongoing, with a countdown timer on the website indicating that the project's ICO will end on April 29, giving Slothana fans just under six days to participate in the presale.

At the start of last week, Slothana had raised over $10 million. By the beginning of this week, several million more had been invested in the project.

This surge in investment was likely driven by the coincidence of Bitcoin's fourth quadrennial halving and International Stoner Day on Saturday, April 20.

When Slothana's timer expires next Monday, the airdrop date will be announced. However, the team is keeping details confidential to encourage potential buying activity in the coming weeks.

Slothana's $SLOTH airdrop and future listing come at an opportune time. The broader crypto market is anticipating several rallies in 2024 as Bitcoin's now-restricted supply struggles to meet ongoing 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 and the Post-Bitcoin Halving

Analysts are basing their optimism on the fact that the previous three Bitcoin halvings have historically triggered market-wide bull runs, suggesting that 2024 could be a highly profitable year for crypto enthusiasts.

Last Saturday, a Bitcoin software update reduced mining rewards from 6.25 BTC per block to 3.125. This means that miners now need to mine twice as long as they did before Saturday to earn the same rewards.

Since miners are responsible for selling the new BTC supply on the open market, this has created a significant supply shock in what has been a strong year for Bitcoin.

Back in January, the US Securities and Exchange Commission approved the launch of 11 Bitcoin ETFs, essentially investment products that allow investors to purchase and hold Bitcoin through a regulated vehicle with all the necessary safeguards. This 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. In general, every major cryptocurrency has tracked Bitcoin's price movements, with late February/early March witnessing 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 Meme Coin Mania

As its ecosystem expands, many new coins have emerged on Slothana's native network, Solana.

In recent months, Solana meme coins like Slerf, DogWifHat, and Bonk have frequently outperformed their Ethereum-based counterparts, Floki, Pepe, and Shiba Inu. These successes contributed to Slothana's own $15 million presale as investors sought to capitalize on the network's next viral meme coin.

However, a series of recent outages has both negatively impacted the price of Solana and motivated the network to improve.

Last week, Solana developers released a mainnet beta update intended to address the network's congestion issues. Solana and all of its associated projects are now prepared to rebound.

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

Source: https://thebittimes.com/solana-stoner-meme-coin-project-slothana-secures-15-million-in-ico-only-six-days-left-to-buy-tbt86192.html