Sealana, a new Solana-based meme coin, has raised over $2.5 million at presale as excitement grows about its exchange launch potential.
The project is witnessing accelerating momentum, recently overtaking the total rise of Book of Meme, another Solana presale sensation.
BOME printed millionaires after IEO – will $SEAL do the same?
For most traders, the first Solana presale that comes to mind is the Book of Meme. The unassuming project raised $2 million in its presale before its March initial exchange offering (IEO).
However, what came next was truly unprecedented. The token surged and became the fastest-ever cryptocurrency to a $1 billion market cap, achieving the feat in just two days.
Indeed, this made many presale investors absurdly wealthy from four- and five-figure investments.
Since then, other Solana presales have followed the same blueprint, including Slerf and Slothana. These projects also enjoyed parabolic success after launching on exchanges.
So, considering that Sealana has already surpassed BOME’s total raise, this could be the next Solana presale to provide massive gains.
But that’s not the only thing hinting at a bright future for the new seal-themed meme coin. The crypto market is gaining pace, and the prominence of meme coins is only becoming more obvious.
Ethereum ETFs gain approval, but meme coins steal the spotlight
The United States Securities and Exchange Commission (SEC) has officially given the green light to Ethereum spot ETFs, meaning Wall Street will have a seamless way to buy and sell ETH.
While this undoubtedly helps to legitimize the crypto industry, traders did not take long to begin speculating about what it means for meme coins.
For instance, one of the biggest benefactors of the news is Pepe, which has enjoyed a 6% increase today while the total crypto market cap is down by 1.7%.
This is because many traders see Pepe as “beta exposure” to Ethereum, essentially comparing it to leverage trading ETH without liquidation risk.
Meanwhile, prominent analyst Kaleo is calling for a Dogecoin ETF and suggesting that it is “too large of an opportunity to pass up.”
Indeed, the centrality of meme coins in one of crypto’s biggest-ever news events reflects the sector’s seriousness and establishes a highly favourable launch environment for new projects like Sealana.
And that’s not to mention the newfound anticipation for Solana ETFs. Mainstream media news outlet CNBC recently speculated that a Solanana ETF would be next.
Analyst Symbiote brought this to light and predicts that Solana’s ecosystem tokens will go parabolic as this narrative gains traction.
This is undoubtedly great news for Sealana, as the token is in its opening stages and accruing significant momentum.
Sealana’s hilarious degen backstory causes a buzz
Sealana’s website and social media pages feature a hilarious backstory, subtle South Park references, and a clear understanding of degen meme coin culture.
According to its website, Sealana is a seal who lives in his mom’s basement and trades meme coins. He lives off canned tuna and chips with hopes of one day making absurd riches and buying a Lambo.
Many meme coin traders can relate to this rags-to-riches mentality, which has bolstered the project’s success. In addition to its $2.5 million total raised, Sealana has amassed a strong community with over 5K followers on X and 5K members in its Telegram.
Meanwhile, prominent traders have rallied behind the project, predicting that spectacular gains could follow its IEO.
But in typical Solana presale fashion, Sealana has not announced an ICO hard cap. This means the campaign could end anytime, pitting potential buyers against the clock.
