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Solana’s all-American hillbilly Sealana ($SEAL) token has swallowed over $5 million in the second month of its ICO as he spearheads a new wave of Solana meme coins that has investors worldwide anticipating potentially explosive returns.
Sealana’s predecessors – meme coins also launched on Solana such as DogWifHat ($WIF), Bonk ($BONK), Book of Meme ($BOME) and Popcat ($POPCAT) – all quickly rose to become top ten by market capitalization within a year of launch.
Another recent viral Solana meme coin ICO – Slothana ($SLOTH) the 420-friendly sloth – raised an eye-watering $15 million in a recent one-month crypto presale.
But dogs and sloths are well-traveled roads in crypto. Now it’s time to meet the aquatic hillbilly $SEAL.
Gamer Guy Makes A Web3 Comeback With Sealana
Sealana began life as a reference to South Park’s Gamer Guy, a meme legend known for his unhealthy screen time.
Gamer Guy first appeared in South Park’s World of Warcraft episode and has since become a symbol of excessive screen use, from keyboard warriors to couch (or desk) potatoes.
There are rumors that the team behind it came out with this year’s viral $SLERF meme coin.
Slerf’s launch got off to a rocky start when the project accidentally burned $10 million of tokens allocated to early investors.
After seeing Slothana take the sloth concept and go on to out-raise them, the team is said to have come back with Sealana in a bid to get things right this time around.
Sealana is one of the projects making a reputation for Solana as the best Layer 1 blockchain for launching high-volume meme coins.
Solana currently hosts a digital economy storing over $4.13 billion in total value locked (TVL) across various apps and financial services, with 1.6 million active users transacting daily and over 2,500 monthly active developers.
And there are rumors of a potentially major market-moving event to come: spot Solana ETFs.
Solana Looks So Bullish
The recent US approval of Ethereum ETFs, which followed the approval of Bitcoin ETFs back in January, could be followed by Solana ETFs. If so, it will be a boon for meme coins like $SEAL.
Crypto ETFs are regulated investment products that enable anyone with a brokerage account to invest in the underlying cryptocurrency without running the risks of directly purchasing it from exchanges and HODLing it themselves.
Recent rumors in the cryptoverse hint that the world’s biggest asset manager, BlackRock, which currently stewards just over $10 trillion in assets-under-management (AUM), is applying for a spot Solana ETF.
Should BlackRock’s application get accepted, the fifth-biggest cryptocurrency will follow Bitcoin and Ethereum as the third crypto asset to make inroads in traditional financial markets. However, the road there won’t be without challenges, as the US SEC currently considers $SOL a security, unlike the other two.
Still, BlackRock’s backing is potentially gigantic news for the whole Solana ecosystem.
Significantly, Bitcoin’s ETF approval rallied the world’s favorite cryptocurrency to an all-time high of $73,737.94 back on March 14 this year.
To date, BlackRock’s $21.4 billion spot Bitcoin ETF is the largest.
If BlackRock decides to go all in on Solana, Sealana will be fattening his blubber with greenbacks in no time.
And when the $63 billion market cap $SOL bloats even bigger, Sealana will finally be rolling out of mom’s basement. Indeed, he’s salivating at his chance to Make Meme Coins Great Again.
#Sealana had a great time on @joerogan's podcast! 🎙️ After tossin' back too many whiskey cokes 🥃 and puffin' on some green herbal joints 🌿, Sealana got Joe Rogan seeing the #Memecoin light! 🦭🤠🇺🇸
— Sealana (@Sealana_Token) June 16, 2024
Send $SOL 💰 if y'all wanna see Sealana back on the show! 🚀 #MAGA #USA pic.twitter.com/XFqvWS9ZLu
And while he originated on Solana, Sealana is now technically a multi-chain token. He also exists on Ethereum and BNB chain and can be bought with their native tokens, alongside $SOL (obviously) and Ethereum stablecoin Tether ($USDT).
Investors have only seven days left to snap up $SEAL at a fixed presale price of $0.022.
At this price, a $100 investment nets 4,545 $SEAL.
If the price of each SEAL token rises to $1, that $100 investment would then be worth $4,500.
At $5 per SEAL, a $100 investment would be worth in excess of $20,000 – typical returns when a meme coin goes viral.
The Sealana presale concludes at 6PM on June 25 and will be followed two days later by an airdrop.
That means this could be the last opportunity to get in early before post-listing appreciation potentially blows it sky-high.
Sealana is an active redneck over on his X account.
Buy Solana’s laziest $SEAL on the official website here.
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