The much-hyped new Solana meme coin – Sealana (SEAL) – went live today on Raydium and Uniswap.
Find its latest price chart on DEXTools here.
The Sealana price traded as high as $0.0266, 20% higher than its listing price of $0.022, before a correction. Bitcoin and Ethereum also dipped at approximately the same time, in a red day for the overall market including Solana meme coins.
SEAL’s initial post-launch pump isn’t exactly a surprise, considering its early presale demand. A few smart-money traders and crypto influencers have even mentioned the possibility of 10x returns in the long run, and a bounce from the current levels wouldn’t be a surprise.
The Sealana airdrop is now also underway, with the presale buyers expected to receive their SEAL purchases over the next few hours, the project’s X account has revealed.
How Sealana Gained Widespread Popularity During Its Presale?
Sealana caught the attention of meme coin enthusiasts through its strong presale performance. The seal-themed meme coin raised over $6 million in a few short weeks, despite the bearish sentiment in the broader crypto market.
Its social media pages also saw a surge in followers, with its X and Telegram accounts currently having nearly 15k followers each. Even popular crypto YouTubers such as Darryl Boo covered SEAL’s presale performance, claiming it to be a sign of its high upside potential.
Like most popular meme coins, Sealana’s mascot emerged as a key factor behind its demand. It is being showcased as a chubby and patriotic seal that is primarily interested in finding the next big Solana meme coin, mimicking the habits of a typical crypto degen.
The mascot has become quite a fan-favourite, thanks to his oddball activities such as sneaking into Area 51 and heckling Connor McGregor.
Sealana’s eccentric nature is a marketing strategy that has worked out very well.
Most popular meme coins have a beloved mascot behind them, which has led many experts to believe that SEAL could end up being the next big Solana meme token.
How High Can This New Solana Meme Coin Go?
SEAL saw an upward move immediately after its listings.
However, it is currently displaying a substantial pullback, a behaviour that is typical of presale cryptocurrencies – the ‘post ICO dump’ effect. Indeed, with the Sealana airdrop underway, presale buyers often choose to dump their holdings at marginal gains.
Nevertheless, experts remain confident that this new Solana meme coin will bounce back in the coming days. Indeed, several deep-pocketed whales are already using this opportunity to buy the dip, expecting SEAL to deliver outsized returns in the long run.
As previously mentioned, a few smart money investors are expecting 10x returns from Sealana.
With the broader market sentiment now improving, new meme coins such as SEAL could receive a massive boost. For instance, the Solana price traded as high as $150 today and is up 7% over the past week.
Meanwhile, the top Solana meme coin Dogwifhat is up nearly 40% from its local bottom, although crashed over 5% today following Bitcoin’s dip.
The stage is set for another broad-based meme coin rally and experts believe SEAL could be one of the top performers.
Investors can check out the latest Sealana price chart on DEXTools. Additionally, they can keep up with the latest updates by following the project’s X and Telegram accounts.
