Meme Coin Watch: Slothana Hits ATH, Shiba Inu Bullish, Sealana Raises $500K

It’s been a great few days for meme coin investors.

The sloth-themed Slothana token just hit a new all-time high less than two weeks after its DEX debut.

OG dog coin Shiba Inu is also looking bullish, while newcomer Sealana has raised over $500,000 in presale funds ahead of its exchange launch.

Slothana Hits Record High as Retail Trader Demand Ramps Up

Slothana (SLOTH) is currently one of the most talked-about meme coins in the Solana ecosystem.

Since being listed on Raydium, the SLOTH token has rocketed 245% to print a new all-time high of $0.042.

SLOTH’s market cap has also passed $84 million – higher than well-established joke coins like Snek (SNEK) and Grok (GROK).

This jaw-dropping rally appears fueled by several positive developments hitting all at once.

Firstly, SLOTH was listed on major crypto data trackers like CoinMarketCap and CoinGecko, significantly boosting the token’s visibility.

Secondly, the development team renounced ownership of SLOTH’s smart contract and put the entirety of the token supply into the market.

Lastly, Slothana’s team also announced a burn mechanism designed to increase scarcity (and potentially price).

These three bullish events in quick succession have led to a wave of demand from retail investors.

And with the token now listed on several CEXs, including Poloniex and XT.com, SLOTH could be poised for even greater heights in the coming weeks.

Shiba Inu Joins the Rally with 8% Surge

The bullishness isn’t just isolated to Slothana.

OG dog token Shiba Inu (SHIB) is also getting in on the action and has surged in the past few hours.

SHIB is up around 8% since this morning to trade at $0.0000233.

This rebound has helped the token erase all the losses it incurred over the weekend.

Supporting the upswing, 24-hour trading volumes for SHIB have rocketed 144% to $453 million, according to data from CoinMarketCap.

This volume spike makes SHIB the third most traded meme coin globally.

While no clear fundamental catalyst seems to be driving SHIB’s surge, the momentum may simply result from the token rejecting key support around $0.0000215.

This support level has held multiple times in the past month, so the bounce off of it appears to have been a signal for traders to enter long positions.

Regardless of the reason, SHIB’s army of supporters is likely breathing a sigh of relief after a particularly volatile few days.

Sealana Presale Passes $500K Milestone as Token Aims to Be Next Meme Coin Star

Sealana (SEAL), a new seal-themed token on Solana, is also making a splash.

Its presale has been on fire, passing the $500,000 funding milestone over the weekend.

For those unfamiliar, a presale is essentially a crowdfunding round that occurs before a token lists on exchanges.

In Sealana’s case, its presale has struck a chord with the “degen” crowd.

Traders can scoop up SEAL tokens for $0.022.

Purchases are accepted using ETH, USDT, or credit/debit card through Sealana’s website.

Given the recent success of meme coins with hilarious mascots (and no utility), early backers hope SEAL follows a similar trajectory.

In fact, YouTuber My Financial Friend even stated he believes SEAL could 10x in value when it hits the open market.

Sealana’s social media channels have seen a surge in activity as well.

The project’s Twitter and Telegram followings are growing exponentially as the buzz around SEAL intensifies.

There are even parallels being drawn between Sealana and the previously mentioned Slothana token.

Both have a similar playbook and focus on organic community growth through memes before potentially adding use cases later.

Visit Sealana Presale

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