While the broader market saw a slight uptick over the past day, top meme tokens on Solana were up by nearly 13% during this time. DogWifHat was up 17.9%, and Myro was up by around 10% in the past 24 hours.
Another new Solana meme token that is currently breaking records is Slothana ($SLOTH). It raised over $10 million in its presale in under two weeks.
Solana Meme Tokens DogWifHat and Myro Outperform The Market
Since the beginning of April, the crypto market has been under slight bearish pressure. As usual, Bitcoin led the way, with the bearish trend pulling it as low as $64.7K a few days ago.
However, the crypto market has steadily recovered over the past few days. DogWifHat and Myro’s recent price shows a renewed bullish momentum following their 24-hour gains.
DogwifHat has outperformed popular tokens like BONK since its launch and is presently the biggest meme token on Solana in terms of market cap.
The meme token is already up by around 18% today and 98% this month, trading at nearly $4.20 at the time of writing.
It started surging at the end of February when it was trading for around $0.3, leading to an over 1200% price hike to the current market price.
Moreover, even Bloomberg recognized WIF as it reported that meme token continues to “steal the spotlight from Bitcoin.”
Similarly, based on price action, Myro has shown a huge potential since the beginning of March and is expected to surge further. It is currently the 8th-largest meme token on Solana.
The token’s price has stabilized over the past few days, but its technical aspects are quite bullish. It could continue to see a near-term upside if the price picks up from its immediate support level at $0.22.
Moreover, the launch of new ICOs like Slothana has added to the excitement in the Solana meme coin ecosystem. Launched just a few days ago, Slothana has already raised over $10 million and has shown strong potential for explosive growth.
Trending Slothana Token Raises $10M – Next Big Solana Meme Coin?
Slothana is a new meme coin on Solana that has gained huge investor attention during its presale. It is a community-focused project featuring a uniquely designed lazy sloth tired of the 9-to-5 grind and wants to get into crypto trading.
The platform’s presale has been quite successful, raising over $10 million in just a few days of launch. It opts for a unique presale model where investors can send Solana tokens to a specific wallet and get SLOTH tokens in return.
At press time, early buyers can get 10,000 SLOTHs for just 1 SOL. This presale model has resonated with many buyers as they don’t need to wait for the presale to end before they receive their tokens.
Moreover, many rumors talk about how the team behind Smog is involved in developing Slothana. Smog is a massively successful meme token that gave 100x growth to its early supporters.
This speculation and the presale’s timing coinciding with the meme token boom have contributed to the project’s excitement.
As Slothana continues gaining traction, many investors hope it will follow in the footsteps of successful meme coins like Book of Meme (which achieved a $1 billion market cap shortly after its IEO).
However, the platform does not have a set presale hard cap. So, interested buyers may need to act quickly to buy SLOTH tokens. You can follow Slothana on X (Twitter) for the latest updates.
