New Solana Meme Coin KittenWifHat In Top Crypto Gainers, Is Slothana Next To Explode

The meme coin market by no means fails to shock, with the most recent craze being a brand new token known as KittenWifHat (KITTENWIF) on the Solana blockchain.

Launched simply yesterday, this cat-themed token has already drawn large consideration, changing into one of many prime crypto gainers prior to now 24 hours.

With the success of KittenWifHat, eyes at the moment are turning to Slothana (SLOTH) – a soon-to-be-launched meme coin that some consider might be subsequent to blow up.

KittenWifHat Explodes After Solana DEX Debut

KittenWifHat has had a whirlwind begin to life.

Debuting on the Raydium trade yesterday, this token wasted no time capturing buyers’ consideration.

Regardless of possessing no use case, KITTENWIF soared 117% in its first few hours of buying and selling.

The rally was so aggressive that the token briefly made it into CoinMarketCap’s record of “Top Crypto Gainers” prior to now 24 hours.

Whereas KITTENWIF has given again a big portion of these good points, its capacity to rally so shortly highlights the immense demand for brand new Solana-based meme cash.

Like earlier success tales akin to SLERF and WIF, KittenWifHat has capitalized on intelligent meme branding and shortage as a consequence of its capped 1 billion token provide.

The undertaking’s roadmap makes zero qualms about its meme-fueled intentions both.

Mentions of “TG & Twitter Raids” as advertising ways underscore the speculative nature of the KITTENWIF token.

Basically, it’s a full-blown experiment in going viral by way of the sheer drive of social media momentum.

Solana Meme Coin Frenzy Cools Amid Geopolitical Tensions

Whereas KittenWifHat’s rise has been spectacular, its rally is beginning to seem like an anomaly in the course of the present meme coin massacre.

Throughout the SOL ecosystem, it’s been a tough 24 hours for many initiatives.

Main names like dogwifhat, Bonk, Wen, and Popcat have all endured double-digit proportion drawdowns, shedding between 15% and 25% of their respective values.

Spot volumes throughout your entire area have additionally tumbled below the $2 billion threshold.

Solely the wildly standard cat in a canine world (MEW) token has managed to take care of its good points in the course of the downturn.

However even MEW is starting to decelerate after a powerful early run that noticed its value hit an all-time excessive on the finish of March.

The wrongdoer for the meme scene’s bearishness seems to be residual worries from the weekend’s geopolitical flare-ups between Iran and Israel.

With world tensions spiking, risk-averse buyers have been fast to take income and de-risk from the extra speculative corners of the market – like Solana’s meme coin area.

Can New Slothana Token Reignite Solana’s Meme Coin Mania?

Regardless of the broader market downturn, merchants are nonetheless on the hunt for hidden gems that might assist reignite bullish momentum.

One potential contender is Slothana – a brand new meme token gearing up for its launch on Raydium later this month.

Like KittenWifHat, Slothana is positioning itself as a no-utility, zero-fundamentals play.

The builders make no bones about their ambitions to seize the meme vitality fueling Solana’s rise because the blockchain of selection for speculative animal cash.

Nevertheless, Slothana is differentiating itself by avoiding the saturated dog-themed area of interest that’s given rise to numerous new tokens on Solana, Ethereum, Base, and different chains.

By embodying the laidback persona of its sloth mascot, SLOTH’s builders hope to create a brand new meme motion as soon as the token hits the open market.

Slothana’s blockbuster fundraising numbers are boosting the hype additional – over $10 million has been raised forward of its DEX launch.

That lofty determine has caught the eye of YouTube personalities like TodayTrader, who launched a video on Slothana that has been considered virtually 50,000 occasions.

Proper now, would-be buyers have one remaining likelihood to purchase SLOTH earlier than the airdrop takes place on April 29.

The trade charge is 1 SOL for 10,000 SLOTH tokens.

Finally, whether or not Slothana can ship the promised meme magic stays to be seen – however the hype and momentum surrounding this undertaking actually can’t be ignored.

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