Solana Meme Coin Slothana ($SLOTH) Sees Bullish Momentum as Top 10 CEX Listings Rumors Circulate
Slothana ($SLOTH), the popular Solana-based meme coin, has been experiencing a surge in price, reaching new all-time highs and attracting eager buyers looking for significant gains. Currently priced at $0.035, $SLOTH reached a high of $0.0565 earlier this week. Now, bullish investors have set their sights on a target of $0.10, which would represent a 185% upside in the near future.
According to rumors circulating in the crypto community, $SLOTH has the potential to surpass this price target, as meme coins continue to outperform the rest of the crypto market. The momentum behind $SLOTH has been further fueled by rumors of a top 10 centralized exchange (CEX) listing. Additionally, a token burn mechanism has caused a surge in bullish activity in the $SLOTH market. A recent $1 million burn resulted in a price pump shortly after the news was posted on X.
Currently, there are over 36,700 token holders of $SLOTH in self-custody wallets, and the number of CEXs looking to list the coin is growing. The recent burn and the growing interest in $SLOTH have attracted more whales to the market, with early presale buyers already enjoying significant gains.
While the meme stock craze has diverted some attention away from other areas of the market, $SLOTH has remained a persistent trender in the top 10 pairs on Dextools and other trading sites. The recent price momentum of $SLOTH, combined with the potential impact of CEX listings, is likely to attract more whale traders in the near future.
To further fuel the listing rumors, $SLOTH has recently been added to the trading venues of Poloniex, XT.com, and Bitrue centralized exchanges. This has increased trading volume and liquidity for the SLOTH/SOL trading pair.
Although $SLOTH is currently experiencing a 28% decrease in price, the impending major listings and a team announcement are expected to drive the price up again. This pullback presents an opportunity for investors to either add to their existing positions or enter new ones. The trading volume remains healthy at $25 million, and increased volatility provides opportunities for day traders and those with patience.
Investors can take advantage of the CEX-induced price acceleration to $0.10 by placing buy orders between the current price and the low of $0.026. This strategy offers a favorable risk-reward ratio of 5, with a potential target of $0.10 in the near term.
Slothana is at the forefront of the Solana meme coin wave, following the success of tokens such as DogWifHat ($WIF), Bonk ($BONK), Book of Meme ($BOME), and Popcat ($POPCAT). The ongoing presales of Dogeverse and Sealana further demonstrate the high demand for SOL meme coins. Investors should keep track of the latest burns and developments on Slothana’s X account and Telegram group.
Disclaimer: Cryptocurrency is a high-risk asset class, and this article is for informational purposes only and should not be considered investment advice. There is a possibility of losing all invested capital.