Slothana’s presale is coming to an end and given recent investor interest, we may soon go through a bullish phase.
The new Solana-based memecoin Slothana (SLOTH) is quickly gaining popularity, having raised over $10 million in just two weeks. It is now one of the largest ongoing presales on Solana.
If you’re interested in getting in on the action, this might be your last chance. But what exactly is Slothana, and how can you participate in the presale?
Slothana Presale Ends Soon — Will This Be the Next Solana Memecoin Treasure?
The excitement around SLOTH is growing as its ongoing presale phase is successful. For those who want to get in early, the entry price is 1 SOL for 10,000 SLOTH tokens.
Considering the team’s ambitious market cap target of $420 million, if achieved, each SLOTH would theoretically be worth about $0.0021, which isn’t a bad price. In just three weeks, Slothana’s presale raised over $10 million worth of SOL from investors.
Investors can choose between two options: send SOL to the project's wallet address, or visit the Slothana website, connect their wallet and make a direct purchase. The distribution of tokens will take place at the end of the presale. Potential investors can visit our guide to buying Slothana tokens.
The early success of the pre-sale was due to intense FOMO, and there was no pre-set hard cap, which meant the ICO could end at any time, urging potential buyers to act fast. After the pre-sale ends, SLOTH tokens will be sent to investors’ wallets via an airdrop.
Exciting news for the Slothana community! Our airdrop is gearing up to launch, which means the presale is coming to an end. ⏳With Solana congestion expected to end in the coming days, now is the time to join the holy Slothana army!
#SlothanaAirdrop
#PresaleEnding
– Slothana (@SlothanaCoin)
April 12, 2024
To be eligible for the airdrop, send SLOTH tokens from a personal wallet, not a centralized exchange like Binance or Coinbase. The project’s X account has over 18,000 followers, and anticipation for the upcoming exchange listing is high.
The project website currently shows "Last Chance to Buy", which means that the pre-sale of Slothana is about to end. The team will announce the launch date on the Slothana X account soon. Investors should follow these accounts to get the latest news in a timely manner.
Only time will tell if Slothana can live up to the initial hype. However, with millions flowing into the presale, and its appealing and fun aesthetic resonating with investors, SLOTH could become the next must-have meme coin on Solana.
Slothana's Go-To-Market Strategy Based on Research
The team has 18,000 followers on X and shares all project updates through the official Slothana page. In order to keep followers engaged in the project, the team conducted a survey on listing preferences, asking the community whether they would choose to be listed only on decentralized exchanges (DEX) or on both DEX and centralized exchanges (CEX).
The survey post received over 227,000 views and 5,777 votes, with the majority of voters (77.1%) supporting multiple listings. On April 2, the Slothana team quickly responded to a temporary domain block issued by their ISP. They quickly launched a copy of the site at slothana.io, replacing it with the official domain slothana.com, which lasted for a few hours.
On April 5, amid congestion on the Solana network, the team quickly converted SOL funds into USDT and transferred them from Solana to Polygon. This action ensured the protection of funds and price stability, especially on April 5 when the SOL price dropped by 10% from $189 to $170.
The team also quickly informed the community's X account of these developments.
Slothana: Expert predictions and potential for huge returns
Experts have made very optimistic predictions about the price of Slothana. For example, well-known YouTuber ClayBro believes that Slothana has the potential to generate up to 100x returns. Another analyst, Jacob Bury, also holds this view.
On the other hand, the popular YouTube channel Cryptonews did not rule out the possibility that SLOTH could offer 1,000x returns after listing. There are indeed several factors that work in favor of this new meme coin.
For example, there are rumors that the development team behind Slothana is the same as the one behind Smog. The continued interaction between the two projects on X/Twitter has further fueled this speculation.
Smog is another meme coin that has gained popularity on Solana, generating nearly 27,000% in just over a month. If these rumors are confirmed, Slothana could replicate Smog’s success.
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