Solana Meme Coin Sealana ($SEAL) Raises $5 Million in Presale
Tim Hakki
Last updated:
June 18, 2024 13:05 EDT
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3 min read
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Solana’s latest meme coin, Sealana ($SEAL), has garnered over $5 million in funding during its second month of initial coin offering (ICO). This Solana-based token is part of a new wave of meme coins that have caught the attention of investors worldwide, who are anticipating significant returns on their investments.
Other meme coins, such as DogWifHat ($WIF), Bonk ($BONK), Book of Meme ($BOME), and Popcat ($POPCAT), which were also launched on Solana, quickly rose to become top ten coins by market capitalization within a year of their launch.
In a recent one-month crypto presale, Slothana ($SLOTH), a viral Solana meme coin featuring a 420-friendly sloth, raised an impressive $15 million.
However, dogs and sloths have been popular themes in the crypto world. Now, it’s time to meet the aquatic hillbilly $SEAL.
Sealana originated as a reference to South Park’s Gamer Guy, a meme legend known for his excessive screen time. Gamer Guy, who first appeared in South Park’s World of Warcraft episode, has become a symbol of excessive screen use. The team behind Sealana is rumored to have also created this year’s viral $SLERF meme coin. However, the launch of $SLERF faced challenges when the project accidentally burned $10 million worth of tokens allocated to early investors.
After witnessing the success of Slothana, the team decided to launch Sealana in an attempt to rectify their previous mistakes.
Sealana is one of the projects contributing to Solana’s reputation as the best Layer 1 blockchain for launching high-volume meme coins.
Currently, Solana hosts a digital economy with a total value locked (TVL) of over $4.13 billion across various apps and financial services. It boasts 1.6 million active users who transact daily and over 2,500 monthly active developers.
Rumors suggest that a significant market-moving event may be on the horizon: the introduction of Solana ETFs.
Following the recent approval of Ethereum ETFs in the US, with Bitcoin ETFs gaining approval in January, Solana ETFs may be the next big thing. This development would be advantageous for meme coins like $SEAL.
Crypto ETFs are regulated investment products that allow anyone with a brokerage account to invest in cryptocurrencies without the risks associated with direct purchases from exchanges.
According to rumors, BlackRock, the world’s largest asset manager with over $10 trillion in assets under management (AUM), is applying for a spot Solana ETF. If approved, Solana would become the third cryptocurrency, after Bitcoin and Ethereum, to enter traditional financial markets. However, this journey may not be without challenges, as the US SEC currently considers $SOL a security, unlike the other two.
Nevertheless, BlackRock’s support would be a major boost for the entire Solana ecosystem.
It is worth noting that the approval of Bitcoin ETFs led to a surge in the price of Bitcoin, reaching an all-time high of $73,737.94 on March 14 of this year. BlackRock’s $21.4 billion spot Bitcoin ETF is currently the largest.
If BlackRock decides to fully embrace Solana, Sealana will see significant gains. As the market cap of $SOL, currently at $63 billion, continues to grow, Sealana will finally emerge from obscurity and enjoy success.
There are only seven days left until the conclusion of the Sealana ($SEAL) presale. While it originated on Solana, Sealana is now available on multiple chains, including Ethereum and BNB. Investors can purchase $SEAL using native tokens, as well as $SOL and Ethereum stablecoin Tether ($USDT).
Investors have the opportunity to purchase $SEAL at a fixed presale price of $0.022 until the presale concludes on June 25 at 6PM. A $100 investment at this price would yield 4,545 $SEAL tokens. If the price of each SEAL token were to rise to $1, that initial investment would be worth $4,500. At $5 per SEAL, a $100 investment could be worth over $20,000, which is typical for viral meme coins.
The Sealana presale concludes on June 25, and the airdrop will take place two days later. This may be the last chance for investors to get in early before the price potentially skyrockets.
Sealana is an active presence on his X account.
To purchase Solana’s laziest $SEAL, visit the official website here.
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Solana Meme Coin Sealana SEAL Boosts Its Resources with 5 Million Presale Raise with Just Seven Days Left
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