Is this the next 100x meme coin? Some might say so. In just under three weeks, Solana’s all-American $SEAL has raised more than $1.2 million, capturing the attention of investors around the world.
That’s because, despite its fun, Sealana is at the forefront of a new wave of meme coins that is helping Solana challenge Ethereum’s dominance as the blockchain of choice for viral meme coins.
#Sealana throws a wild party for the OG $SEAL Alphas as #Presale heads towards the million dollar mark. 🦭🚀
The brothers are there, the beer is cold, and the kids are on the way.🇺🇸🍻
Did you miss the invitation? 📩 Looks like you didn’t get enough SEAL$ to make the cut. 💰 Join… pic.twitter.com/riLSZCqfkB
— Sealana (@Sealana_Token) May 13, 2024
Sealana trails its highly successful predecessors DogWifHat ($WIF), Bonk ($BONK), Book of Meme ($BOME), and Popcat ($POPCAT), all of which have risen to become the top ten meme coins by market cap.
It was also preceded by another viral Solana meme ICO – Slothana ($SLOTH). Fellow 420-friendly series Sealana raised $15 million in a one-month preview.
$SEAL appears to be Solana’s next viral coin, with rumors that its creators have also launched the successful Slerf (SLERF) coin.
Slerf, the original sloth-themed meme coin, faced a setback when the team accidentally burned $10 million in tokens during a pre-sale. It then continued to perform well once it was listed on the stock exchanges.
Now, Celana is getting all the attention.
Doesn’t Silana remind you of someone?
Recognize this? Sealana is inspired by South Park’s Gamer Guy, a meme legend known for his unhealthy screen time.
Gamer Guy first appeared in the World of Warcraft episode of South Park, and has since become an icon of excessive screen usage, from keyboard warriors to lazy individuals.
Solana’s frequent trader, Silana, searches for potato chips and tuna in his office.
Why does Silana love Solana? It is the best tier-one blockchain to launch large-scale meme coins, and will likely become the third-largest cryptocurrency by market capitalization, benefiting its projects.
Solana currently hosts a digital economy storing over $4.5 billion in total value locked (TVL) across multiple apps and financial services, with 1.16 million active users transacting daily and over 2,500 active developers monthly.
There are also some potentially market-moving events in the future that could add billions to the Solana network across all of its projects.
Halving and ETF Effects on Solana
Recent disappointing cryptocurrency prices after some early-year spikes reflect a market briefly consolidating before the economic effects of Bitcoin’s software update known as the “halving” kick in.
If the analysts are right, SEAL and other Solana coins could attract some feverish speculation in the coming year.
This is because the halving reduced mining rewards from 6.25 BTC per block to 3.125, effectively halving the issuance of new BTC.
Now, with Bitcoin hitting all-time highs this year following US approval of Bitcoin spot investment products in January, many analysts say the cryptocurrency is set to become more valuable, thanks to crippled new supply colliding with surging demand.
Even an honorable discharge won’t stop #Sealana from spreading freedom with his fellow $SEALs.🪖🦭
Having left his battle days behind, Silana and his comrades now face a different enemy: keyboard warriors and #Memecoin haters.😡⌨️
Did not serve… pic.twitter.com/VV4oWeSjTi— Sealana (@Sealana_Token) May 15, 2024
The past three halvings have added significant value to the market within a single year of refresh.
Further market-wide uptrend will increase the gold rush for meme coins in the near future. This time, Solana tokens will lead the gains, ahead of their ERC-20 counterparts.
Potential US approval of ETFs on Thursday of next week could be a boon for Solana meme coins like $SEAL.
Creators on Solana often boast that their network is the “#1 Ethereum killer” and so their tokens often react bullishly to positive Ethereum news.
Follow the latest developments on Sealana’s X account.
Purchase Solana’s Laziest Stamp $SEAL from the official website here.
Disclaimer: Cryptocurrencies are a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all your capital.