The popular meme coin PEPE, featuring the cartoon frog, has seen a price increase of 20% this week. Analysts believe this jump is fueled by anticipation of a listing on the major cryptocurrency exchange Coinbase, specifically a perpetual futures contract.
However, a technical glitch postponed the launch, leaving investors unsure of the next move. Rumors swirl that this delay could be intentional, strategically paving the way for a simultaneous spot listing on the main Coinbase exchange. This would significantly benefit PEPE by allowing both institutional investors (for hedging) and regular retail investors easier access to the coin.
Adding to the bullish outlook, analyst Davie Satoshi predicts a potential price explosion for PEPE once it breaks through the $0.0000075 resistance level. This optimistic view is further bolstered by a surge in trading volume, currently placing PEPE among the top 12 cryptocurrencies by volume.
Slothana’s Presale Frenzy
Emerging as a new contender, Slothana, a Solana meme coin inspired by the internet meme of the office worker sloth, has captured the crypto community’s attention. Amassing over 23,000 Twitter followers in under a month, Slothana has surpassed the presale record of Book of Meme (BOME), another Solana meme coin, by raising a staggering $10 million within two weeks. This impressive war chest indicates strong investor confidence in the project.
Slothana’s unorthodox presale method involved investors sending SOL directly to a designated wallet address to purchase tokens. This streamlined approach resonated with the meme coin crowd, facilitating an influx of over $10 million worth of SOL. Investors are keen to acquire tokens before the token hits the open market on a decentralized exchange (DEX), the exact platform of which remains undisclosed.
Adding to Slothana’s legitimacy is its ranking at #2 on ICOBench, a platform that evaluates upcoming token launches. Additionally, Slothana has secured endorsements from YouTubers ClayBro and Austin Hilton, and a coveted spot on 99Bitcoins’ list of “5 Best Meme Coins to Buy Now.”
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Unorthodox Presale Method Resonates with Meme Coin Crowd
Slothana’s unorthodox presale method involved investors sending SOL directly to a designated wallet address to purchase tokens. This streamlined approach resonated with the meme coin crowd, facilitating an influx of over $10 million worth of SOL. Investors are keen to acquire tokens before the token hits the open market on a decentralized exchange (DEX), the exact platform of which remains undisclosed.
Team Speculation: Smog Connection?
Adding fuel to the speculation fire, some crypto detectives have noticed a possible connection between Slothana and the recently launched Smog token.
Launched in February, Smog experienced a meteoric rise, reaching a market cap of $270 million before a correction. Interestingly, the Smog team commented on Slothana’s first-ever X post (a decentralized social media platform) when it had less than 50 followers.
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While this doesn’t definitively prove a connection, it suggests that the teams are at least aware of each other, and some speculate that the same group could be behind both projects.
The Slothana team has remained tight-lipped on this topic, but the rumors have undoubtedly contributed to the project’s growing buzz.
Binance Listing Speculation
With its imminent DEX listing and skyrocketing popularity, speculation surrounds the potential for a Binance listing for Slothana. While seemingly far-fetched for a lighthearted meme coin, history proves otherwise.
BOME, a meme token with limited utility, secured a Binance listing after its parabolic price surge. Therefore, if Slothana’s DEX debut ignites a similar bull run, a Binance listing wouldn’t be entirely out of the loop.
The PEPE and Slothana stories highlight the dynamic nature of the meme coin market. PEPE, a veteran player, leverages exchange listing hype to drive price increases. On the other hand, Slothana, the captivating newcomer, attracts investors with its unique presale approach and impressive results.
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A Last Chance to Buy Before DEX Listing?
With just days remaining until its DEX listing, Slothana’s team is urging investors to take advantage of the presale window. This last chance has spurred a final buying frenzy, with investors hoping to secure $SLOTH tokens before they hit the open market and potentially experience a price explosion.
The coming weeks will be crucial for Slothana. Its performance on the DEX launch will be the first major test. If the token experiences a significant price increase and maintains healthy trading volume, it could attract the attention of larger exchanges, potentially leading to a CEX listing down the line.