Dogwifhat, Bonk see gains; Slothana poised to be major Solana memecoin

As Dogwifhat and Bonk mark their territory with significant gains in the Solana ecosystem, the newcomer Slothana catches the eye, rapidly raising $2 million in its presale, signaling its potential to become the next big Solana memecoin.

The Solana memecoin ecosystem continues to prevail as market leaders Dogwifhat and Bonk increase by 20% and 5%, respectively. However, emerging presale Slothana looks primed to challenge the top dogs, raising $2 million in its first three days.

Dogwifhat and Bonk soar as Solana network thrives

The Solana network is growing in notoriety as its leading meme coins continue to dominate the market.

Currently, Dogwifhat is priced at $3.7, up 20% today, 52% this week, and 365% this month. Its recent increase has forged a higher high on its price chart, confirming its bullish trend trajectory.

Meanwhile, its RSI is back on the rise after resetting last week. This places WIF in an advantageous position, currently near an ATH with its RSI in the mid-range.

Prominent trader Wick cited a “dots” indicator to analyze Dogwifhat’s upcoming outlook. He noted that the token is bullish on both the micro and macro time frames.

Also offering an optimistic outlook, TradingView analyst MarinaCeoFarmCoin anticipates a move toward $5.2. 

The analyst initially published the chart idea when WIF was trading at $2.3. He set four price targets, the first three of which have already hit, leaving only $5.2 remaining.

Bonk has also been enjoying bullish momentum recently. It is currently priced at $0.00002721, up 5% today, 15% this week, and 28% this month.

After a retracement from its ATH, Bonk has reclaimed its earlier ATH, flipping it into support. Similarly to WIF, BONK also reset its RSI recently, providing room for further growth.

Commentator Glitch noted this newfound support in a recent analysis, speculating Bonk could experience an uptrend continuation after bouncing from the level. “Will it be this simple? A simple support hold on weekly before continuation higher,” he wrote.

The sensational rises of Dogwifhat and Bonk, alongside other Solana meme coins, have drawn unprecedented interest to the network in recent weeks. 

According to DeFiLlama data, Solana’s TVL is approaching its ATH, reflecting liquidity flooding into the network. Meanwhile, Solana DEXs are trumping their Ethereum counterparts in trading volume, with Jupiter and Orca taking first and third spot, with Ethereum’s Uniswap second.

This sets a bullish precedent for new Solana meme coins, providing unparalleled liquidity and trader appetite to bolster growth. One project benefitting from this momentum is Slothana, a new presale that has raised a staggering $2 million in three days.

Slothana becomes a promising contender

The latest revelation in Solana’s meme coin season is fruitful presales, with Book of Meme and Slerf both making history and millionaires following their IEOs.

Slothana is the most recent addition to this saga, having raised $2 million in three days of presale. Such interest illustrates massive smart money interest, priming Slothana as a leading contender in the Solana meme coin lineup.

Its presale follows in the tracks of BOME’s and SLERFs, comprising a single-tiered pricing system, and investors simply send SOL to the project’s wallet address and await the airdrop.

This laid-back approach is counter-intuitive to crypto’s “future of finance” narrative, but the contrarian outlook has proved captivating for meme coin degens.

Another of Slothana’s draws is rumors that the Smog team is behind it. After launching in February, Smog soared 100x to over a $200 million market cap, indicating immense potential for SLOTH if the whispers are true. The speculation is enhanced by the Smog team commenting on Slothana’s initial X post when it had just 50 followers.

Analyst Jacob Bury recently covered Slothana in a video on the “five best meme coins to buy now” and suggested it holds 10x potential. 

To learn more about the project, visit the Slothana presale.