Solana meme coins are back to their bullish ways after receiving a green light from the dovish CPI print on Wednesday.
CoinGecko data reveals that the Solana meme coin market capitalization increased by 13% on Thursday, with Book of Meme and Jeo Boden emerging as the top gainers.
Owing to its low trading fees and high scalability, Solana remains the ideal blockchain for new meme coins as well.
For instance, a new token - Slothana ($SLOTH) - has rallied close to 200% over the past week, with new exchange listings and a poker night promotion with CoinPoker acting as catalysts.
Slothana - Best Meme Coin To Buy Now?
The hype surrounding Slothana has been high since its presale, which saw the meme coin raise over $15 million in just a few weeks. Following the success of the sloth-inspired meme coin Slerf, investors were quick to recognize the potential of Slothana.
The early investment of presale buyers appears to have been justly rewarded. As is typical of new meme coins, $SLOTH witnessed a marginal pullback after its launch. However, after creating a local bottom at $0.0062, it rallied close to 800% to reach a new all-time high of $0.055, data from DEXScreener reveals.
Slothana is currently trading at $0.043, up 20% in the daily time frame. However, experts believe that the meme coin is nowhere near its upside potential. Even before its launch, analysts were calling Slothana the next 100x meme coin.
Since then, the meme coin’s fundamentals have only improved. It is now live on popular crypto platforms such as CoinMarketCap, CoinGecko and DEXScreener and its liquidity has been locked with Streamflow Finance.
🚀🦥 It's LAMBO TIME for the $SLOTH community! Let's take a look back at the past 7 days as $SLOTH presale buyers make 300% gains. 📈💥 100m $SLOTH Tokens Burnt, totaling 5% of supply and $3m 🔒 Liquidity locked with Streamflow Finance 🔄 Organic listings on multiple… pic.twitter.com/1PyFCzzSSW
— Slothana (@SlothanaCoin) May 13, 2024
Additionally, it has burned over 5 million $SLOTH tokens, with more burn events on the way.
Slothana is already live on popular CEXs such as Poloniex and Bitrue. However, it has recently hinted at more “big exchanges”, the announcement for which will be made on 17th May.
$SLOTH Faithful! Word on the branch is that the smoke from our forest fires has caught the attention of some big exchanges. This we can neither confirm nor deny, but it’s probably, maybe, definitely true. Stay faithful slovenly followers, for soon, Lambos will be ours. 🚗🦥💸… pic.twitter.com/A0RkSOEfox
— Slothana (@SlothanaCoin) May 15, 2024
In light of the ongoing hype surrounding the project, it would not be surprising if Slothana reached a new all-time high in the coming days.
Slothana’s Sunday Poker Freeroll On CoinPoker
Slothana is looking to create even more brand awareness through the much-hyped ongoing CSOP+ crypto poker tournament series.
Organized by top online casino website CoinPoker, CSOP+ is the biggest crypto poker tournament to date, with a guaranteed prize money of $25 million. The tournament will continue to organize 14-18 daily events till May 26th, followed by 4 Main Events in the Grand Finale on May 27th.
However, Slothana community members now have a reason to be particularly enthusiastic about CSOP+. CoinPoker has announced Sloth Sunday - a $10,000 No Limit Hold’em event that will take place on May 19th.
Sloth Sunday will have free entry for Slothana community members. However, with 50% of the available 3000 spots already filled, interested players will need to hurry.
Players can register for the event with a few simple steps. Start with creating a free account on the coinpoker.com website and downloading the application on your device.
Simply log in to your account and search for Sloth Sunday on the tournament tab. Filter for free buy-ins to make it easier to find.
While registering for the event, use “sleepyandslothful” as the password to qualify for free entry.
The partnership between Slothana and CoinPoker is sure to help the meme coin. Poker celebrities such as Tony G - who has over 80k followers on X - are publicly backing $SLOTH, a decidedly bullish outcome for the token.
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
