According to data from Dextools, PEPE token hit a new all-time high, almost reaching $0.00001, with a 20% increase in the last 24 hours. Slothana, a new meme coin, has surged by 600% in just seven days since its presale.
A trader capitalized on Slothana's rise, selling 1,500 SOL worth of SLOTH tokens for a 250% profit after buying during the presale. Slothana's aggressive marketing and token burn mechanism contribute to its popularity and potential value increase.
Slothana, currently trading at around $0.05 with a market cap over $100 million, has burnt $1 million worth of tokens at $0.04. Another million tokens will be burnt at $0.05, potentially increasing scarcity and value for the remaining 2 billion circulating tokens.
Notable influencers like the 99bitcoins YouTube channel with over 700,000 subscribers are promoting Slothana, predicting it as a potential 100x Solana meme coin. The token's price-based burns are highlighted as significant for its future growth.
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