Solana meme coins have been a hot story during this bull run, and the most recent sensation is Slothana (SLOTH). This meme coin quickly reached over $80 million in market capitalization, leading some to believe it could mirror the success of BONK, another popular Solana-based meme coin.
Let’s explore why Slothana price has pumped so dramatically and whether it truly has the potential to replicate BONK’s achievements.
New Solana Meme Coin: Slothana Price Prediction
Following a successful $15 million presale, Slothana (SLOTH) launched on exchanges and, according to data from Dextools, its price surged 495% in the last seven days. This meteoric rise can be attributed to several key factors.
Firstly, Slothana has cultivated a very active and engaged community. Its X profile, for instance, has already amassed 35,000 organic followers in a very short period. Additionally, the team has demonstrated a commitment to token burns, recently announcing that 5% of SLOTH tokens (worth $3 million) had been burned, with plans for another $1 million burn once the price reaches $0.04.
Since SLOTH price is currently around $0.4, we should expect more token burns, as Slothana’s team announced on X.
