Cryptocurrency
New Solana ICO Slothana Surges Past $5.5M as Community Eyes CEX Launch
![](https://letizo.com/wp-content/uploads/2024/04/new-solana-ico-slothana-surges-past-5-5m-as-community-eyescex-launch_660bfab4cbfd7.jpeg)
The next revelation in Solana’s presale saga has arrived. It is called Slothana and is a sloth-themed meme coin that has raised over $5 million in just six days.
Following in the tracks of other iconic players like Book of Meme and Slerf, Slothana takes a nonchalant presale approach. It boasts a single-tiered pricing system and multiple ways to buy.
Investors can either send SOL to the project’s wallet address or visit the Slothana website, connect their wallet and buy directly.
Tokens will be distributed at the end of the presale. However, much of its early success is attributed to a deep sense of FOMO, with no predetermined hard cap announced. This means the ICO could end any time, so potential buyers must act fast.
CEX Launch in the Pipeline and Marketing Powerhouse Behind $SLOTH?
Slothana’s unwavering early success is no surprise to those who have watched closely. Two days ago, the team published a tweet, asking whether Slothana should launch strictly on decentralized exchanges or venture onto centralized exchanges too.
An overwhelming 77.9% of the 5,296 voters have sided with a CEX launch, reflecting a strong anticipation that $SLOTH will benefit from the added exposure.
However, this is not the only thing causing a buzz in the community. Another is rumors that Slothana’s founding team is the same team that launched Smog.
Smog soared 100x following its launch in February, peaking at over a $200 million market cap. Should the rumors be true, it would be immensely bullish for $SLOTH.
And it’s not just locker room hearsay, crypto sleuths quickly connected the dots after noticing that Smog’s X account commented on Slothana’s first X post, when it had less than 50 followers. This indicates that the teams are at least aligned on some level.
But besides that, Slothana gives away very little about itself. Its website leads with “From 420 to $420M with Slothana” and tells readers “Embrace the sloth life; let your SOL soar with Slothana!”
Ultimately, this leaves a lot up to the imagination, but this is part of its mystifying allure and potentially a key component in why degens are investing so much.
BOME Printed Millionaires – Slothana Can Too
Solidifying Slothana’s position as a top meme coin contender is its unprecedented total raise. Amassing over $5 million in six days, it is apparent that some big-time whales are already on board.
Indeed, raising such a vast sum in a short time illustrates an unwavering nod of approval from the investor community. But adding to the excitement is that the total raise has eclipsed that of Solana presale phenom Book of Meme.
Book of Meme launched on exchanges in March after its presale and became the fastest meme coin to reach a $1 billion market cap, doing it in just two days. It has also shown notable success since, pumping 19% today and retaining a $950 million market cap.
In the process, BOME has printed countless multimillionaires, with blockchain analytics X account LookOnChain highlighting how numerous presale investors made between 7-8 figures from five figure investments.
For instance, the largest Book of Meme investor turned $72K into an absurd $30 million.
Meanwhile, another presale buyer flipped $19K into $6.58 million.
And these are only a couple of examples, but there were many more lucky degens who entered the presale.
Yet, the Book of Meme ICO raised just north of $2 million. In contrast, Slothana has already breached $5 million.
While there’s no guarantee that Slothana will outdo BOME once it launches on exchanges, its bigger total raise, potential exchange listings and connections to Smog all indicate a bright future.
But with the presale potentially ending any time, those looking to buy must act fast to not miss out.
Follow Slothana on X to stay updated on the project’s latest antics. Alternatively, visit its website to buy $SLOTH.
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Cryptocurrency
Top 10 Solana (SOL) Ecosystem Projects by Development Activity
![](https://letizo.com/wp-content/uploads/2024/09/top-10-solana-sol-ecosystem-projects-by-developmentactivity_66dc47b18afea.jpeg)
TL;DR
- Due to recent growth, Solana and its projects have gained popularity.
- Ecosystem meme coins like Dogewifhat (WIF) and Bonk Inu (BONK) have seen significant declines after a substantial surge earlier this year.
The Unsurprising Leader
Solana and numerous projects built on it have brimming in popularity in 2024. Some factors that could have contributed to this might be SOL’s bull run at the end of 2023 and the beginning of 2024, the growing community, and innovations in the ecosystem.
The crypto analytics platform Santiment recently outlined the top 10 Solana-based projects in terms of development activity in the past 30 days.
Somewhat expected, the first spot belongs to Solana itself, which collected a score of 186.33. It is worth noting that the protocol’s native token – SOL – has been experiencing a downfall since the end of July, plunging by approximately 30% and currently trading at around $127 (per Coingecko’s data).
Wormhole holds the second position with a ratio of 90.5. It acts as a bridge connecting various blockchain networks, such as Solana, Ethereum, BNB Smart Chain, and others. It enables users to transfer digital assets and data across these blockchains without a centralized intermediary.
Pyth Network is third, with a score of 68. It operates as a decentralized oracle network where multiple providers contribute to a collective data feed.
JITO and Neon round up the top 5 list. The other Solana-based projects down the line include Drift, Orca, Helium IOT, Helium Mobile, and Metaplex.
The Missing Ones
It is interesting to note that meme coins, which are part of Solana’s ecosystem, did not make the list. Such tokens, including dogwifhat (WIF), Bonk Inu (BONK), and many more, were among the top-trending topics in the crypto space at the start of the year due to their skyrocketing prices.
However, their progress has stalled as of late. WIF – the biggest Solana-based meme coin in terms of market capitalization – currently trades at around $1.52, representing more than a 70% decline from the ATH registered in April.
BONK (the second-largest) is worth approximately $0.00001666 as of the moment, or 60% less than the peak in May.
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Cryptocurrency
These Altcoins Bleed Out as Bitcoin (BTC) Price Fell by $4K in Hours (Weekend Watch)
![](https://letizo.com/wp-content/uploads/2024/09/these-altcoins-bleed-out-as-bitcoin-btc-price-fell-by-4kin-hours-weekend-watch_66dc47b73b311.jpeg)
Bitcoin’s nosedives continued in the past 24 hours as the asset slumped from an intraday high of $57,000 to under $53,000 within hours.
The altcoins are also in the red, and the total crypto market cap has dumped to $2 trillion for the first time in over a month.
BTC’s Troubles Keep Coming
The primary cryptocurrency lost the coveted $60,000 level last week, and the true downfall followed suit. Aside from a brief attempt to overcome that line on September 3, the bears have been predominantly in control, which culminated yesterday.
Before that, it was rejected a couple of times and marked lower daily highs. A relief rally came on Friday when the US released the job report for August, which showed that there was a slight decline in the unemployment rates.
BTC reacted quickly with a price increase from $55,500 to $57,000. However, that turned out to be a false breakout, and the cryptocurrency headed south immediately after. In a matter of minutes, it plummeted to $54,000 before the bears initiated another leg down that pushed it to a monthly low of $52,700 (on Bitstamp).
Despite recovering to just over $54,000 now, it is still 4% down on the day and more than 8% in the past seven days. Its market cap has plunged to $1.070 trillion, while its dominance over the alts is down to 53.5%.
Alts in Red Yet Again
The bearish scenario repeated once again, and the altcoins are back in red. Ethereum is among the leaders in this adverse trend, having lost over 4% of value. As a result, it now struggles at $2,250. BNB is down by 3%, XRP by 3%, and SOL by 2.5%.
DOGE has dumped the most from the larger-cap alts. The OG meme coin has seen 5% of its value evaporate over the past day and is below $0.1.
Further losses come from the likes of TON, BCH, SHIB, LTC, OKB, XMR, and many others.
The total crypto market cap has declined by another $50 billion and is down to $2 trillion on CG.
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Cryptocurrency
Vitalik Buterin Pledges L2 Tokens to Support Public Goods in the Ethereum Ecosystem
![](https://letizo.com/wp-content/uploads/2024/09/vitalik-buterin-pledges-l2-tokens-to-support-public-goods-inthe-ethereum-ecosystem_66dc47bce1201.jpeg)
Ethereum co-founder Vitalik Buterin has pledged to donate all Layer 2 (L2) tokens he holds to support public goods within the Ethereum ecosystem or broader charitable causes.
This announcement comes a few days after accusations that he had sold millions in Ether (ETH) for personal gain.
Vitalik Buterin Denies Profit Motive
Buterin was quick to respond to the allegations, emphasizing that he has not sold any ETH for personal profit since 2018. Instead, he clarified that any proceeds from his ETH sales have been directed toward projects that contribute to the Ethereum ecosystem or other charitable initiatives.
In a September 5 update, he expanded on his stance, pledging to donate all L2 tokens he holds, including not-yet-liquid assets, to support similar causes.
He wrote, “All proceeds will be donated, again either to support public goods within the Ethereum ecosystem or broader charity (e.g., biomedical R&D). I also do not intend to invest into L2s or other token projects in the foreseeable future.”
He explained that his aim in funding projects is to support initiatives he believes are important, particularly in situations where other parts of the ecosystem may not fully recognize their value.
The Allegations
On August 30, an X user accused him of selling over $2 million worth of ETH shortly after posting a positive update about Ethereum’s future.
Later on, Lookonchain also revealed that Vitalik had transferred 800 ETH, worth around $2 million, to a multi-signature wallet. Shortly after, the wallet swapped 190 ETH for 477,000 USDC.
Further analysis from Lookonchain indicated that on August 9, he had moved an additional 3,000 ETH, valued at over $8 million, to the same multi-sig wallet.
These transfers fueled speculation that the Ethereum co-founder was liquidating his Ether holdings to realize profits.
Buterin had previously disclosed that his entire Ether holdings came from the Ethereum pre-mining period, which allocated 11.9 million ETH (about 10% of the total supply) to early contributors. As one of them, he received 700,000 ETH for his role in the network’s creation.
According to blockchain tracker Arkham Intelligence, his current holdings amount to approximately 240,000 ETH. This is a reduction of around 460,000 ETH from his initial stash.
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