420-Friendly Solana Meme Slothana Raises $10 Million In Time Sensitive ICO
Slothana, the new red-eyed sloth who lives on Slothana, has raised an eye-watering $10 million barely two weeks into an ICO for his new $SLOTH token.
The news comes as Solana meme coins follow market leaders Bitcoin and Ethereum into a small market-wide rally off the back of anticipation of the Bitcoin halving next week.
Ethereum’s sophisticated smart contract functionality made it the network of choice for meme coin projects for a long time. However, with the expansion and development of so-called “Ethereum killer” Solana, the high-speed Layer 1 blockchain has usurped Ethereum’s dominance in this sector.
In just a fortnight, traders have poured $10 million into an ICO for new Solana meme coin Slothana ($SLOTH) to try and recapture some of the early upside potential of established Solana funny tokens like Slerf, DogWifHat and Bonk.
Slothana’s persona is simple: he’s a lazy critter who lives and works on the blockchain.
But with his permanently hazed red eyes, he can’t hide the fact that he really doesn’t want to work; he’s eyeing the clock because he wants to go from 420 to $420 million.
⏰ Tired of the 9-5? So is Slothana!
Read more on cryptonews.com
