Solana Meme Coin SLOTH to Debut on HTX Exchange on May 20th, Could Binance Be Next?
The adorable and widely adored Solana meme coin, Slothana ($SLOTH), has just announced its upcoming listing on the prominent cryptocurrency exchange HTX. Trading will commence on Monday, May 20th at 12pm UTC, and users can already make deposits in preparation for the launch. This exciting news was simultaneously released through an HTX blog post and a $SLOTH X announcement. If you haven’t joined the HTX community yet, you can sign up today on their platform.
Ranked ninth by Coinmarketcap, HTX boasts an impressive 24-hour trading volume of over $2 billion. The exchange, headquartered in the Seychelles, has offices in Hong Kong, South Korea, Japan, and the US. Founded by Leon Li in Beijing, China, in 2013, HTX has gained a dedicated global following, particularly in Asia. Notably, South Korea has played a significant role in the surge of trading activity that has propelled cryptocurrency prices into bullish territory this year.
$SLOTH will join approximately 500 other tokens available for trading on HTX, substantially increasing liquidity for the SLOTH/SOL trading pair. The coin’s recent appearance on Poloniex, Bitrue, and XT.com has been followed by its listing on HTX, with more exchanges expected to follow suit. Just today, Bitwexc.com enabled trading of $SLOTH on its platform.
In the past 24 hours, Slothana has seen a trading volume of $12 million on decentralized exchanges. When combined with centralized exchanges (CEXs), the trading volume rises to $29.5 million, with even more expected on Monday. Moreover, it’s worth noting that exchanges closely monitor the $100 million market cap level as a determining factor for listing coins, which is why additional top-tier exchanges are likely to join HTX in listing $SLOTH.
Competition among exchanges for market share and trading volume fees in the popular meme coin sector remains intense. $SLOTH’s market capitalization was already approaching the $100 million mark before the recent announcement. With HTX on board, attention now turns to which major exchanges will follow suit, with Binance and OKX being strong contenders.
As for the price of $SLOTH, it was valued at $0.0515 before the HTX listing news broke, confirming earlier rumors. The token reached an all-time high of $0.056 this week and is currently positioned to surpass resistance around that level. Monday’s listing is expected to be the first of many upcoming exchange listings and news developments.
In addition to the exchange listings and burn events that provide bullish momentum, Slothana holders have even more reason to celebrate. CoinPoker, a leading crypto poker site, has teamed up with $SLOTH to host a $10,000 cash pool tournament. Holders of Slothana will have the opportunity to enter the tournament for free, which kicks off on Sunday, May 19th at 19:00 GMT.
With the coin’s increasing popularity and surging valuation, the Slothana community has plenty to smile about. As more listings, partnerships, and burn events unfold, the coin’s virality is expected to skyrocket. However, it’s important to remember that investing in crypto is a high-risk endeavor, and this article is purely for informational purposes and not investment advice. Be aware that you could potentially lose all of your capital.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.