Crypto Whales Are Hoarding This Coin Solana Meme – What Does It Do?

Last updated: May 17, 2024, 1:02 p.m. EDT | 2 minutes of reading

A pre-sale for the 100% American mountaineer from Solana $SEAL The token has attracted more than $1.4 million in just three weeks as it leads a new wave of Solana meme coins that has attracted the attention of investors around the world.

Sealana’s predecessors, meme coins like DogWifHat ($WIF), Bonk ($BONK), Book of Meme ($BOME) and Popcat ($POPCAT)everything rose to become Top Ten Coins by Market Cap within a year of launch.

Another recent virus Solana meme piece ICO – Slothana ($SLOTH), the friendly sloth at 420 – generated breathtaking enthusiasm $15 million during a recent month-long presale.

Now it looks like $SEAL should be Solana’s next sensation as Whales push presale toward $1.5 million in funding.

Who is Solana’s new $SEAL?

Sealana began life as a reference to South Park’s Gamer Guy, a meme legend known for his unhealthy screen time.

Gamer Guy first appeared in the World of Warcraft episode of South Park and has since become a symbol of excessive screen usage, from keyboard warriors to lazy individuals.

There are rumors that the team behind this project released this year’s viral $SLERF coin.

Slerf’s launch was plagued by disaster when the project accidentally burned $10 million in tokens allocated to early investors. After seeing Slothana take the sloth concept and continue to outperform them, the team returned with Sealana.

Sealana is one of the projects that is making Solana known as the best layer 1 blockchain for launching high-volume meme coins.

Solana currently hosts a digital economy storing over $4.5 billion in Total Value Locked (TVL) across various financial apps and services, with 1.16 million active users transact daily and more 2,500 monthly active developers.

There are also potentially market-changing events that could add billions to Solana across all of its projects.

Solana’s 2024 could turn bullish.

If analysts are correct, then $SEAL and other Solana meme coins could spark feverish speculation in the coming year when the economic effects of a Bitcoin software update known as the “mining half” will be felt.

In effect, the halving reduced mining rewards from 6.25 BTC per block to 3.125, thereby halving the rate at which miners sell new BTC on the open market.

Now, as Bitcoin sets new all-time highs this year following the U.S. approval of Bitcoin spot investment products in January, observers say the crypto will become much more valuable, thanks to the new Bottleneck supply colliding with increased demand.

The last three halvings added significant value to the market well less than a year after the update.

Further market-wide bull runs could cause new coin gold rushes later this year.

This time, Solana tokens will lead the rallies, ahead of their ERC-20 counterparts.

The potential US approval of Ethereum ETFs on Thursday next week could also be a boon for Solana meme coins like $SEAL.

Solana builders often boast that their network is the number one “Ethereum killer” and therefore its tokens often react optimistically to positive Ethereum news.

In any case, Sealana will flap her fins with happiness.

Follow the latest developments on its account.

Buy Solana’s laziest $SEAL on the official website here.

Warning: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose your entire capital.

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