Pepe Holders Ditch for This Hot New Solana ICO, Chasing 1000% Gains
Pepe Holders Ditch for This Hot Fresh Solana ICO, Chasing 1000% Gains
An explosive ETF-fuelled rally by standard meme coin Pepe ($PEPE) appears to be abruptly shedding momentum.
Pepe blew up 46% over the closing seven days in a rally partly driven by files that the US SEC has licensed commerce-traded funds (ETFs) for Ethereum ($ETH), the coin powering Pepe’s native blockchain.
Now, the momentum appears to be reversing rapidly. An intraday loss of 4% has taken Pepe Coin’s price down to $0.00001605 as of this writing.
Pepe’s trading chart reflects a meme coin that traded in a fairly narrow fluctuate from lifeless March to early Could perchance. This period resulted in comparatively inflexible crypto costs, because the market came down from early-to-mid March rallies that helped many cryptocurrencies to location unique all-time highs, including market leader Bitcoin.
All the scheme thru noteworthy of the aftermath, Pepe traded between $0.000005 and $0.00001, but two days earlier than the US approval of Ethereum ETFs, the coin started to rally in anticipation of the guidelines.
The SEC’s green mild helped push the coin to location a novel all-time high of $0.00001717 on Could perchance 27, nevertheless a falling relative strength index signifies a promote-off started on Sunday that has stabilized now.
Within the instant-to-mid period of time, Pepe Coin is no longer going to rally additional.
Ethereum ETFs Pumped Pepe; Is Sealana Next?
Pepe Coin may perchance per chance perchance per chance be blowing up now, but for meme coin followers and investors, Ethereum is barely street former as a platform to open meme money. Nevertheless, a novel technology of meme money on Solana are rapidly hogging the limelight.
Names delight in DogWifHat ($WIF), Bonk ($BONK), Book of Meme ($BOME) and Popcat ($POPCAT) all rose to alter into top ten meme money within a year of open.
One other unique Solana meme coin pitched at stoners—Slothana ($SLOTH)—raised an sight-watering $15 million in a recent one-month crypto presale.
Solana’s Sealana ($SEAL) is the chain’s next slacker important person. The all-American hillbilly seal has already raised over a $3.2 million over the closing month in a hilarious unique presale.
No longer like Pepe Coin, Sealana is an normal meme created by its developers. It is some distance a jog on South Park’s viral Gamer Man, aka Beefy Computer Nerd.
Gamer Man first regarded in South Park’s World of Warcraft episode and, on account of his milk-bottle glasses, cover-locked stamp, messy room and gravity-defying girth, he has since change into a image of excessive cover utilize, from keyboard warriors to couch (or desk) potatoes.
#Sealana ain’t slowing down anytime soon! 🔥Alongside with his companions he’s out here ending what @realDonaldTrump started! 🦭💪
Send $SOL to trim out the swamp 🏞️ and make #Memecoins substantial as soon as more. 🚀💰
Once the swamp's certain, it's Lambos 🚗, Big Gains 📈and Freedom the total manner!!!… pic.twitter.com/vFMEaRZWKW— Sealana (@Sealana_Token) Could perchance 27, 2024
Sealana is Solana’s number 1 degen, beached at his desk and ballooning by the day as is roving flippers attain for the sustenance of chips and tinned tuna between filthy trades.
The Ethereum ETF developments that pumped Pepe Coin may perchance per chance perchance per chance also catalyse heightened Solana meme coin quiz.
Builders on Solana generally boast their network is the number one “Ethereum-killer” and now it’s doubly seemingly that a location Solana ETF can pass US approval.
If a Solana meme coin gold flee originate, Sealana may perchance per chance perchance per chance by some means be leaving mom’s basement delight in a legal patriot gone lookin’ for the ‘Merican dream.
Practice the most modern developments on Sealana’s X legend.
Buy Sealana at the decent net predicament here.
Disclaimer: Crypto is a high-possibility asset class. This text is geared up for informational functions and would not constitute funding recommendation. You may perchance per chance perchance per chance lose all of your capital.
Source : cryptonews.com
