Crypto Experts Are Rushing to Buy This New Solana Project Before It Lists – Could It Outshine Bonk?
Popular Solana meme coin Bonk ($BONK) has posted the heaviest intraweek losses of any leading dog-themed meme coin.
The popular Shiba Inu-themed token shed 21% in seven days to trade at $0.00002756 as of this writing.
In comparison, Dogecoin ($DOGE), the original canine meme coin, shed 10% over the week and currently trades at $0.1449.
The only meme coin that came close to Bonk’s relatively poor intraweek performance was fellow chain-mate DogWifHat ($WIF), which shed 20% to change hands at $2.74 as of this writing.
In general, the meme coin category did not do well over the week.
Pepe ($PEPE), the cryptocurrency inspired by the viral frog meme, shed 17% to $0.00001262.
On the other hand, the world’s favorite cryptocurrency, Bitcoin ($BTC), posted muted gains of 1% over the week to hit $69,367 as of Monday June 10th.
Bonk’s 7-Day Trading Chart Performance
Over on Bonk’s trading chart, we can see how the token’s poor performance over the week has lowered its support threshold.
Support had been steadily rising since mid-April, from bottoms of $0.000013 in mid-April to a baseline of $0.000031 in the first days of June, as indicated by the green line, but this week’s derailing could potentially wipe out those gains.
Bonk rose to a recent high of $0.00004362 on May 29, just 4% short of its all-time high of $0.00004547 on March 04 this year, ten days before market leader Bitcoin ($BTC) posted a record price of $73,737.94.
The token’s Relative Strength Index is around 40 and could rise if meme coin fans continue buying the dip
Bonk Kickstarted Solana’s Meme Coin Breakout
Bonk’s native chain, Solana, is cultivating a thriving community of app developers to compete with Ethereum for commerce.
Solana currently hosts a digital economy storing over $4.54 billion in total value locked (TVL) across various apps and financial services, with 1.7 million active users transacting daily and over 2,500 monthly active developers.
Bonk is just one of several Solana projects that rose to become top ten meme coins within a year of launch. The other industry-leading Solana meme coins are DogWifHat ($WIF), Book of Meme ($BOME) and Popcat ($POPCAT).
Another Solana funny token pitched at stoners – Slothana ($SLOTH) – raised an eye-watering $15 million in a recent one-month crypto presale.
But now there’s a potentially explosive new Solana meme coin still only in presale; and this one’s not a doge.
Meet Solana’s New Viral $SEAL Meme Coin: Sealana
Solana’s Sealana ($SEAL) is a spin on South Park’s viral Gamer Guy, aka Fat Computer Nerd. The all-American hillbilly seal has already raised over $3 million over the last month in a hilarious new presale.
Gamer Guy first appeared in South Park’s World of Warcraft episode and, thanks to his milk-bottle glasses, screen-locked stare, messy room and gravity-defying girth, he has since become a symbol of excessive screen use, from keyboard warriors to couch (or desk) potatoes.
#Sealana has got some big news for y'all today! 🦭🍻 After a long night of drinking, doin' American $SEAL things 🇺🇸 and blacking out! 😵 He woke up with some real mental clarity and made the call that the #Presale's gonna end on June 25th at 6 pm UTC! ⏰
You know what that… pic.twitter.com/va7W8abVjb
— Sealana (@Sealana_Token) June 6, 2024
When the Solana meme coin gold rush begins, Sealana has the potential to eclipse Pepe on his way out of mom’s basement and into the world of high-volume meme coins; a true patriot gone lookin’ for the ‘Merican dream.
Investors who want to prepare for the gold rush have a little over 2 weeks left to snap up $SEAL at a fixed presale price of $0.022.
The Sealana presale concludes at 6PM on June 25. That means this could be the last opportunity to get in early before post-listing appreciation potentially blows it sky-high.
Forget Pepe, Sealana is crypto’s hottest new meme coin!
Follow the latest developments on Sealana’s X account.
Buy Sealana at the official website here
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
