Solana Stoner Meme Project Slothana Raises $15 mn In ICO
Solana’s meme coin project, Slothana, has raised $15 million in a month-long presale, with just under six days left for fans to join. The ICO is still ongoing, with Bitcoin’s fourth quadrennial halving
and international stoner day contributing to the project’s success.
Analysts are expecting a few 2024 rallies as the now-bottlenecked supply of Bitcoin tries to keep up with consistent demand.
The past three Bitcoin halvings have historically caused market-wide bull runs, suggesting 2024 could be a profitable year for crypto fans.
A Bitcoin software update last Saturday reduced mining rewards from 6.25 BTC per block to 3.125, causing a supply shock in a popular year for Bitcoin.
The US Securities and Exchange Commission approved the launch of 11 Bitcoin ETFs in January, enabling investors to buy and hold Bitcoin through a regulated vehicle. Slothana and Solana’s ecosystem has expanded, with new coins like Slerf, DogWifHat, and Bonk outpacing Ethereum-based rivals Floki, Pepe, and Shiba Inu.
(With inputs from Shikha Singh)
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