Pepe Holders Pivot to New Solana ICO Slothana, Targeting 100x Returns

Holders of Pepe (PEPE) saw their holdings decrease by 24% over the past seven days as meme coins suffered significant losses during a broader market downturn.

As of the morning of April 17, 2024 (UTC), PEPE was trading at $0.0553.

Other leading meme coins experienced similar declines over the same period, with Dogecoin (DOGE) and Shiba Inu (SHIB) falling 16% and 18%, respectively.

Market leaders Bitcoin (BTC) and Ethereum (ETH) also declined, though less severely than meme coins. Bitcoin dropped 8% over the week to trade at $63,458, with the majority of its losses occurring over the weekend.

This decline followed a market-wide crypto sell-off that began on Friday, triggered by Iran’s attack on Israel, which created global uncertainty and prompted investors to exit riskier assets like Bitcoin.

According to PEPE’s trading chart, the token has found support at its current price since Saturday. Similar to Bitcoin, the bulk of PEPE’s seven-day losses occurred between Friday afternoon and Saturday morning.

Source: TradingView

Like many leading cryptocurrencies, March saw a rally that peaked in mid-March when Pepe set a new all-time high (ATH) of $0.00001064. The current price represents a pullback of nearly 50%, although the decline appears to have stabilized ahead of Bitcoin’s halving event on Saturday.

Load Up On Meme Coins This 4/20 With PEPE and SLOTH

The industry is anticipating a bull run following Bitcoin’s halving on April 20.

This pattern has occurred during the previous three halvings, and analysts expect this instance to follow suit. Halving BTC mining rewards cuts the issuance of new Bitcoin in half, creating a supply squeeze that typically drives prices higher.

Meme coins have a unique advantage over other crypto categories on Saturday because the halving coincides with April 20, International Stoner Day, which serves as another price catalyst for certain projects.

And lo, Slothana, in its eternal wisdom and benevolence, hath decreed: ‘Behold, there are but twelve days remaining until the dawn of a new era.’ Let us prepare our hearts and minds, for the age of Slothana draws near. May the gains and Lambos be bestowed upon us all.…

— Slothana (@SlothanaCoin) April 17, 2024

Dogecoin holders also expect a price increase on that day, as the community selected April 20 to commemorate their favorite coin. However, the fate of PEPE holders on April 20 is less predictable.

This is not the case for the new Solana meme coin Slothana (SLOTH). From the clock on the wall to its baked red-eyes and contented smirk, Slothana is one of April 20’s biggest fans.

In just three weeks, traders have invested over $10 million in its ICO, aiming to recapture the early upside potential seen in recently profitable Solana meme coins such as Slerf, Dogwifhat, and Bonk.

Interested investors can join the SLOTH presale today by sending SOL to this address: EnSawje2vQSQKtGbPYdXEuYKm2sHgeLKJTqCmrDErKEA or by using the contribution widget on the Slothana website.

A countdown timer appeared on Slothana’s landing page yesterday, suggesting that the presale window may close on April 29.

Visit Slothana Here

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