Gary McFarlane
Last updated:
May 16, 2024 15:04 EDT
| 4 min read
Thursday, May 16, 2024 - As the Solana price sets its sights on $200, it is meme coins like Sealana ($SEAL) that are making a splash, as its presale accelerates towards the finish line.
Sealana has raised $1,230,000, with no sign that the appetite for SOL meme coins is letting up. The opportunity to catch a swim with the next big thing in Solana meme coins is too good to miss.
Selling at a fixed price of $0.022, the new meme coin can be bought with SOL, ETH, USDT or USDC, as well as a fiat option using a bank card.
From $WIF to new breed $MANEKI, Solana-based meme coins are all the rage as the Layer 1 Solana chain demonstrates a stability that was lacking in its earlier days and an efficiency and cheapness of transactions that threatens to leave Ethereum struggling to compete.
Since March 12 Solana has been consistently outperforming both Bitcoin and Ethereum, as the chart below shows:
Notable antecedents to Sealana include both SLERF and newer slitherer Slothana ($SLOTH). The latter, in the space of a month, raised $15 million in its presale.
Trading on Raydium and centralized exchanges Poloniex and XT.com with a top-10 exchange rumored to be named this week, SLOTH recently hit an all-time high of $0.056.
Slothana token’s price appreciation is in no small part due to a token-burning mechanism that kicks in each time the price puts on another 1 cent.
Although there are similarities between the approach of $SLOTH and $SEAL, which has led some to surmise that the two may have related teams, the fact that $SLOTH breached the $100m market cap on Tuesday won’t have gone unnoticed by $SEAL buyers.
Sealana Is Part of Solana’s New Wave of Meme Coins.
Meme coins continue to lead the crypto pack and that’s good news for those who have joined the Sealana colony.
$SLOTH is up 26% so far today, valued at $0.0451. $CWIF (CatWifHat) is up 38% at $0.0000007759, and Book of Meme ($BOME) is printing $0.0123, at 15% higher. $SLERF, which famously managed to burn a chunk of its supply allocated to presale buyers, is not going anywhere, up 15% at $0.310.
Elsewhere, a relative old-stager $BONK, the leader of the first wave of successful Solana meme coins, is 10% the better at $0.0000252.
Over on the Base chain, $SHIBA...
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