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New SOL Meme Coin Slothana Raises $10M in ICO – Will it Explode?

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The meme coin market is roaring back to life, with tokens like Pepe (PEPE) and dogwifhat (WIF) leading the charge.

Several catalysts are combining to produce this bullishness, and one project taking advantage is the Solana-based Slothana (SLOTH) – which has now raised a staggering $10 million during its ongoing presale.

Meme Coin Mania Grips Crypto Market as New Week Begins

It’s been a bullish start to the week for the meme coin community, with the sector’s heavy hitters pushing higher in the past 24 hours.

The top two are PEPE and WIF, with the former posting gains of 9% and the latter seeing an even bigger 12% surge.

The OG meme coin itself, Dogecoin, has also kicked off the week on the right foot – currently trading over 5% higher than yesterday.

Even relative newcomer Brett (BRETT) scored a respectable 4% bump during this broad-based rally.

The only real outlier has been the cat in a dogs world (MEW) token, which has declined 6% amid the otherwise bullish conditions.

But on the whole, the meme coin space appears to be flexing its muscles again.

The positive price action has boosted the sector’s total market cap above $64.9 billion, while 24-hour trading volumes have surged 13% to $5/9 billion.

Those kinds of lofty valuations and liquidity levels continue to highlight just how much demand there is for meme-themed cryptos.

Base Boom & “Culture Coin” Hype Fuel Buying Frenzy

Two key factors are fueling the latest meme coin resurgence as the new week kicks off.

First, the growth of Coinbase’s Base network has provided a breeding ground for these speculative tokens to thrive.

Base recently passed Ethereum in transactions per second and set a new record for total value locked at $1.4 billion.

This growing ecosystem has helped spark massive price spikes in meme coins like BRETT and TOSHI.

But the hype isn’t being driven solely by Base’s growth.

Prominent crypto voices like Mechanism Capital’s Andrew Kang have been openly bullish on the explosive potential of “culture coins” – meme tokens rooted in ideologies, brands, and lifestyles.

According to Kang, the communities surrounding these tokens tend to broadcast their beliefs through public displays and attempts at conversion.

This dynamic can create viral success when channeled effectively  – like with the recent politics-themed meme coins on Solana.

With on-chain infrastructure improving and high-profile influencers championing meme culture, the stage could be set for another wave of explosive gains.

Can Slothana Token Benefit from the Meme Coin Momentum After Passing $10M?

One project that looks perfectly positioned to ride this wave is the Solana-based Slothana.

This new meme coin sensation is already making headlines, passing $10 million in its ongoing presale phase.

The hype surrounding Slothana shows all the key ingredients needed for a potential viral token launch.

Its on-brand theme centering around an office sloth unmotivated for the 9-5 grind is a painfully relatable concept in today’s world.

This theme has clearly resonated with the meme coin crowd, yearning to embrace a sloth-like lifestyle funded by crypto riches.

Despite still being in presale mode, Slothana has already attracted over 13,000 followers on its Twitter page as hype builds ahead of the token’s Raydium launch.

SLOTH has also been featured in videos from well-known YouTubers like Crypto Gains and Crypto ZEUS.

Even though Slothana lacks real-world utility beyond its meme-themed aesthetic, this hasn’t stopped similar meme coins from producing spectacular gains.

Recent examples like SLERF (SLERF) and Book of Meme (BOME) on Solana demonstrate that low (or no) utility isn’t necessarily a barrier to success in the world of meme coins.

Ultimately, whether Slothana can maintain its incredible capital-raising pace remains to be seen – but all the boxes appear to be ticked for SLOTH to soon have its moment in the spotlight.

Visit Slothana Presale

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Bitget Hosts the Inaugural Blockchain4Her Awards at SheFi Summit

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[PRESS RELEASE – Victoria, Seychelles, September 26th, 2024]

Bitget, the leading crypto exchange and web3 company, hosted its inaugural Blockchain4Her Awards at the SheFi Summit in Singapore on September 17, 2024, with five winners announced across two categories. The event saw over 1,000 participants from around the world, with 100+ nominations received for the Awards. The event was supported by 12 major partners, including tier-1 media BeInCrypto, Crypto.News, The Coin Republic, Input Communications, Genzio, as well as leading community bodies like the Women in Web3 Switzerland.

The Blockchain4Her Awards is an initiative that celebrates and promotes women in the blockchain industry. Launched as part of Bitget’s broader Blockchain4Her program, it addresses the gender disparity in the blockchain space, where female-led startups receive only a small fraction of total funding. The awards feature two main categories – the Rising Female in Blockchain Award and the Innovative Web3 Female Entrepreneur Award.

​​Gracy Chen, CEO at Bitget, delivered a keynote at the SheFi summit where she exclaimed Bitget’s commitment to supporting women in blockchain. With the $10 Blockchain4Her initiative, Bitget is taking steps towards empowerment by providing “role models, mentorship, networking, and targeted support, we’re ensuring that more women can step into leadership roles in the blockchain space,” said Chen.

Bitget announced three winners for the ‘Rising Female in Blockchain Award’ category – Alexandra Nicorici, Gesa Schneider, and Rebecca Matsumura.

Alexandra Nicorici is the founder and host of the OOO podcast, a popular Web3 marketing podcast that connects marketing professionals to leading founders who are building transformative communities and products in the industry.

“Two years ago, if someone had told me I would receive a Rising Woman in Web3 Award, I wouldn’t have believed them. I was struggling a lot, in an industry that is not only a boys club, but not very mature yet,“ said Alexandra. “Today, I am more proud of myself and all the amazing women in Web3 who are rising, being present and contributing to this amazing industry.” Through her influence, Alexandra has helped several Web3 and crypto startups grow and drive valuable partnerships over the years.

Gesa Schneider is a renowned Devcon Scholar at the Ethereum Foundation and an active advocate at The Female Factor – one of the largest global communities for female leaders. “To be recognized as a Rising Female in Blockchain is such a great honor,” said Gesa during the Blockchain4Her Awards. “It validates my work to pioneer Web3 innovations for a sustainable future.”

The third winner is Rebecca Matsumura, an Associate Attorney at Fenwick & West. For almost a decade, Rebecca has provided legal guidance to blockchain and fintech firms, helping them manage compliance in the complex regulatory landscape. She is pioneering a new generation of women in law who want to step into the dynamic legal space of Web3 and crypto. Through this award, Bitget celebrates her transformative contribution to increasing inclusivity and openness in this niche sector.

The award for Innovative Web3 Female Entrepreneur went to Maika Isogawa, the co-founder and CEO of Webacy – one of the fastest-growing blockchain security suites. Tech and security have been historically quite underrepresented sectors for women, and the gap is more concerning in the Web3 industry. However, leaders like Maika have been actively inspiring change in this sector. Maika was also listed among the Forbes 30 under 30.

The winners were decided by a panel of four judges, including the CEO of Bitget Gracy Chen, the co-founder of Hacken Yevheniia Broshevan, leading venture capitalist Tess Hau, and the founder of SheFi Maggie Love Wu.

The awards are supported by a $10 million commitment from Bitget to promote diversity and inclusivity in the sector. The support loop for Blockchain4Her focuses on Elevating, Empowering, Educating, and Embracing women in blockchain. Bitget aims to ensure that women in Web3 have the appropriate resources, opportunities, and representation needed to succeed in their role.

The Blockchain4Her campaign provided scholarships for educational programs like SheFi’s 8-week blockchain course, mentorship opportunities, and participation in major industry events. The overall aim is to build a gender-diverse ecosystem where women play a significant role in driving technological advancements and leadership in blockchain​. As a part of the campaign, Bitget is also establishing an alumni group, where female entrepreneurs and leaders can exchange ideas and build networks to grow their careers.

After the success of the campaign at SheFi, Bitget is set to host various Blockchain4Her events in different regions.

Event highlights

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading, AI bot and other trading solutions. Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including being the Official Crypto Partner of the World’s Top Professional Football League, LALIGA, in EASTERN, SEA and LATAM, as well as a global partner of Olympic Athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team).

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

For media inquiries, please contact: media@bitget.com

Risk Warning: Digital asset prices may fluctuate and experience price volatility. Only invest what you can afford to lose. The value of your investment may be impacted and it is possible that you may not achieve your financial goals or be able to recover your principal investment. You should always seek independent financial advice and consider your own financial experience and financial standing. Past performance is not a reliable measure of future performance. Bitget shall not be liable for any losses you may incur. Nothing here shall be construed as financial advice. For more information, see our Terms of Use.

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Is Bitcoin’s Price in Trouble? This Important Metric Suggests Short-Term Pain for BTC

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Bitcoin’s price has been on a positive trend for the past week but it has unsuccessfully challenged the $65,000 level a few times.

According to on-chain data, BTC whales have been offloading a lot of their holdings lately, which could suggest more trouble on the horizon if they continue.

Popular crypto analyst Ali showcased the substantial sell-off that transpired earlier this week, in which, larger entities disposed of more than 20,000 BTC within the span of 24 hours.

This was among the biggest sales that occurred within just a day since the start of the year. In USD terms, the total value was just shy of $1.3 billion.

BTC’s price tumbled yesterday from almost $65,000 to under $63,000 but managed to recover most of the losses almost immediately. After jumping toward $64,000 earlier today, it kept rising and currently sits at $64,400.

If whales’ behavior remains the same and they continue selling, BTC’s price actions could worsen again. Ali outlined $63,300 as the most crucial support level that has to hold, otherwise the cryptocurrency risks dropping to $60,365.

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Dogecoin (DOGE) Could Surge by Another 30% if its Price Holds This Level: Analyst

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Dogecoin’s price has been on a roll in the past few weeks, having surged by about 30% since September 7.

Recent data provided by the popular cryptocurrency analyst Ali hints at another similar rally should the meme coin decisively conquer the $0.11 resistance.

Alongside the rest of the market, DOGE dumped hard in the first week of September, going from over $0.1 to a multi-week low of $0.089 (on Bitstamp).

However, it began to recover shortly after and surged past $0.11 earlier today. In fact, it currently sits at $0.114, which means that it has increased by 28% since the aforementioned low.

According to Ali, more than 62,000 wallets hold over 36 billion worth of the OG meme coin bought at this level $0.111, making it a crucial psychological resistance.

If they decide to retain their holdings instead of selling with minor gains, DOGE’s price ascent can continue in the next few weeks. Ali asserted that there are no “major supply walls in sight,” which could send the meme coin toward $0.15. This could be another 30% surge from its current price levels.

The largest meme coin has another thing going its way – whales. The analyst showed another graph indicating that such large investors have accumulated approximately $140 million worth of DOGE in just two days, which could be the catalyst for another rally.

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