Sealana, a new Solana-based meme coin, is set to launch on decentralized exchanges (DEXs) on July 2, 2024.
The presale has raised over $6M. The next 24 hours is the last chance to buy Sealana at a presale price.
According to Sealana’s official X account, the initial dex offering (IDO) will occur on Tuesday at 13:00 UTC.
The presale was scheduled to end on June 25, but due to high demand, it has been extended. The DEX has not been revealed, but it has been hinted that it may be Radiyum or Uniswap.
The launch is taking place after VanEck and 21Shares filed applications for a Solana ETF in the United States.
While there is still time for approval, the applications and possibly others joining the race may spark a greater interest in SOL.
About Sealana
Sealana is considered a ‘pure’ meme coin. Similar to some of the top meme coins, it has no utility. Its success is dependent on the community and its adoption rate.
As opposed to dogs and cats, Sealana uses a chubby seal that ‘swims’ in the crypto oceans, choosing the Solana sea as its home.
Raising over $6M demonstrates its strength and investors’ confidence that the meme coin may outshine its competitors.
It is important to highlight that meme coins are subject to extreme volatility.
Solana meme coins rally today
When the Mainnet, in this case, SOL, is rallying, tokens launched on the chain also tend to benefit.
However, the tokens that currently benefit the most are meme coins. While it is challenging to determine when this correlation will break, crypto traders are taking advantage of these explosive gains.
As Solana is recovering (up more than +4.0%), SOL-based meme coins started the week with strong gains.
source: dexscreener
Dogwifhat, the most known meme coin on Solana, is up +8.55% in the past 24 hours.
$DADDY, Andrew Tate’s meme coin, is up +2.49%, its market cap is over $70M.
Iggy Azalea meme coin, $MOTHER, is up +6.35% in the past 24 hours.
Smog, a dragon meme coin that centers around free airdrops for completing tasks, is up +2.99%.
$DADDY, Andrew Tate’s meme coin, is only up +2.49%, but its market cap is over $70M,
When a new token becomes available for trading in DEXs or centralized exchanges (CEXs) during a bull run, past IDOs show higher odds of bullish momentum.
If you wish to take advantage of a new meme coin, Sealana may be your top choice.
