Smart money pours in: SOL meme coin Sealana pre-sale soars to $1.23 million
Meme coins like Sealana ($SEAL) are making a splash as Solana prices target $200, with its pre-sale accelerating towards the end. Sealana has raised $1,230,000, showing that demand for the SOL meme coin shows no signs of waning. The new memecoins are sold at a fixed price of $0.022 each and can be purchased with SOL, ETH, USDT or USDC, or via fiat options using a bank card.
From $WIF to the new generation of $MANEKI, Solana-based meme coins are becoming a craze as the layer 1 Solana chain demonstrates stability that was lacking early on and efficient and cheap transaction costs that could make it difficult for Ethereum to compete.
Solana has been outperforming Bitcoin and Ethereum since March 12.
Important predecessors of Sealana ($SEAL) include SLERF and newer cryptocurrency project Slothana ($SLOTH). The latter raised $15 million through pre-sales within a month.
Slothana trades on Raydium as well as centralized exchanges Poloniex and XT.com, and is rumored to be announcing a listing on a top ten exchange this week. Recently, $SLOTH hit an all-time high of $0.056.
The increase in the price of the Slothana token is largely due to its token burning mechanism, which is triggered every time the price increases by 1 cent.
While there are similarities in how $SLOTH and $SEAL operate, leading some to speculate that the two may have related teams, the fact that $SLOTH topped $100 million in market cap on Tuesday will not go unnoticed by $SEAL buyers.
Sealana is one of the latest wave of meme coins Solana
Meme coins continue to lead the cryptocurrency community, which is great news for those joining the Sealana colony.
$SLOTH is up 26% so far yesterday and is valued at $0.0451. $CWIF (CatWifHat) is up 38% to $0.0000007759, while Book of Meme ($BOME) is up 15% to $0.0123. $SLERF, which successfully burned some of the tokens allocated to pre-sale buyers, is still rising steadily, up 15%, to a price of $0.310.
Elsewhere, relatively old token $BONK, the leader of Solanaâs first wave of successful meme coins, is up 10% and is priced at $0.0000252.
On the Base chain, the price of $SHIBA is $0.001805, an increase of 30%. Meanwhile, $BONE is up 11% to $0.633, while four-month-old Solana darling $PONKE is up 14% at $0.245.
YouTubers like presale expert Jacob Crypto Bury believe Sealana is one of the best options for 100x returns.
The convergence of media outlets such as Bitcoin.com, Crypto Potato, The Economic Times, and Cryptonews shows that word spreads quickly, so the pre-sale is advancing at an accelerated pace.
Solana is growing rapidly, which is good news for Sealana
If Sealana buyers need further confirmation that they're looking for outsized returns on their investment in the right place, a quick look at Solana's first-quarter report should please investors.
In the three months to early April, Solanaâs average decentralized exchange (DEX) trading volume increased 319% year-over-year to $1.5 billion.
This reflects Solanaâs emergence as a preferred destination for retail and memecoin traders and investors in particular.
According to Messari, projects primarily built on Solana raised $89.2 million in the first quarter of 2024, $2.5 million more than raised in all of 2023.
On the protocol side, the ecosystem launched the highly anticipated token scaling technology, making the SPL token even more configurable and useful. The scaling feature has been actively adopted by several stablecoin issuers, especially Paxos.
The broader Solana ecosystem is also expanding. A newly developed store called Anza has received rave reviews, and Colosseum was founded to encourage the growth and adoption of Solana.
Sealana and Dogeverse lead the way for the future of meme coins
Sealana does not claim to be anything other than a meme coin. However, its potential to achieve virality demonstrates the robustness of Solana's technology.
Its future success will also demonstrate how Solana can become the underpinning of highly engaged memecoin networks such as Sealana, capable of sustaining real-time decentralized value transfer interactions, potentially spanning hundreds of thousands of users.
Sealana is fun, could skyrocket in value, and could be the future of meme coins that transform from puppies to sea lions.
Another currency like the new cross-chain darling Dogeverse, which is attracting the attention of traders eager to get an exchange listing, brings unparalleled interoperability to the meme coin with its six chains.
It's definitely worth a contribution, but after raising $15 million in a short period of time, Dogeverse is now in an oversold phase, meaning it could shut down at any time after it's already hit its stated hard-cap goal. The listing is likely to take place in the next week or so. $DOGEVERSE is priced at $0.0003 in its pre-sale.
Buy Sealana: https://cn.cryptonews.com/ext/sealana-cn/
