Slothana, the Slerf-inspired Solana-based meme coin, has raised upwards of $10 million in its crypto presale since going live just under three weeks ago.
The project has now added a 14-day countdown on its website slothana.com, meaning SLOTH token will launch on April 29.
Even though this Slerf-inspired Solana-based meme coin has little utility so far, the fun factor is there.
Its Sloth character has been portrayed as a blunt-smoking office worker with bloodshot eyes and a three-piece suit dreaming of leaving his 9-to-5 to get into the meme coin grind, and more recently this week as a Knight on horseback marching to war.
The Viral Success Of Solana Presales
Think back to some of the most viral meme coins on the SOL ecosystem in recent times. Book of Meme was a success that launched as a Solana presale and then went on to explode on the price charts, moving up by 4,000% before retracing.
$PUNDU went up by 3,577% before retracing. In Slerf’s case, the pump was closer to 4,000%.
What was the secret sauce behind these projects? No-timed presales.
All of them arrived as mysterious crypto presales with no clear time duration given. All the investors were privy to was the supply and what crypto they needed to swap for these tokens. No presale stages were providing definite gains and no utility to speak of.
These meme coins only talked about having fun while making meme-worthy remarks on their social media pages. The community responded and shortly after the presale’s conclusion, these affordable cryptos reached heights that were incomprehensible during the last crypto winter.
Slothana took the same approach. Spending 1 SOL will give investors 10,000 SLOTH tokens. They will arrive as an airdrop, which the official website states will take place after the presale.
However, the project has now added a 14-day timer into the mix.
Last Call to Buy Slothana
Shortly after raising more than $10 million in record time, Slothana has added a 14-day counter to its presale. Interested parties now have a limited time to participate.
The news came after the tweet by the Slothana team imploring the “Slothana faithful” to mark their calendars as an official launch date on the horizon.
Even though this counter makes the situation more urgent, the timing will allow those who invest today to capitalize on the bounce Solana has experienced after the congestion issues last week and this week’s market crash caused by the Iran-Israel conflict.
The Solana price is now recovering and is currently valued around the $155 mark.
It is possible that Slothana will capitalize on the Solana bounce post-launch, alongside many meme coins putting in double-digit bounces.
Is Slothana a Good Investment?
Nothing much is known about Slothana, especially since the website is a one-pager, providing only instructions on how to acquire it. There is no mention of utility or even tokenomics as yet.
That hasn’t stopped some of the most prominent crypto YouTubers shouting out the Solana presale, however.
Its comedic appeal, the imagery where the Sloth is obviously high, and the fact that it will be the newest meme coin on the Solana blockchain could make it successful.
To buy SLOTH, send SOL to the address mentioned on the official slothana.com website (beware of imitators) and wait for the airdrop.