SLOTH Pumps 20% in 24 Hours On Binance Listing Speculation

Amid renewed optimism about a potential Binance listing, Slothana is making strong waves, outperforming other Solana-based meme coins.

A zoomed-out look at the charts shows that the Sloth-themed token is up 20% over the past day, breaking crucial resistance levels to hit the $0.007 mark.

With growing speculation that Binance could be its next destination, Slothana may be up for an explosive price run in the coming weeks.

Historically, the anticipation around a possible listing on top-tier CEXs like Binance often results in a significant price appreciation even before the token is eventually listed.

Binance – being the largest crypto exchange in the world in terms of daily turnover – offers unequaled exposure to its broad user base, which in return, boosts the market demand and liquidity of listed coins. This explains why recent Binance listings, especially low-cap meme coins like NEIRO, ACT, and PNUT have seen rapid growth in their market valuation.

With this in mind, crypto bulls are now taking control of the SLOTH market, showing eagerness to acquire more tokens before its eagerly-awaited Binance listing. This possibility makes Slothana a key meme coin to watch in the coming weeks.

Slothana Thrives On Inclusive & Active Community Engagement

With a lofty ambition to replicate the success of top Solana-based meme coins, particularly Dogwifhat, Popcat, and Slerf, Slothana focuses majorly on community-building and engagement strategies. Its ability to sustain interest and relevance among social media communities have helped it to reach the right audience, thereby solidifying its market position.

One such way in which Slothana has continued to create a strong connection with the community is its strategic collaborations. Following its launch in May 2024, Slothana collaborated with CoinPoker – a leading crypto poker site – to host a special-packed tournament, exclusively for members of its community. Dubbed #SLOTHSUNDAY, this tournament provided ample opportunity for members of the community to test their poker skills and win huge cash.

With the tournament done and dusted a couple of months ago, Slothana is once again teaming up with CoinPoker to host “Meme Millions Tournament.” Scheduled to hold from November 17 to 24, the week-long tournament series will offer $1,000,000 worth of prizes along with $30,000 meme coin airdrop. And that’s not all!

Our friends at @Coinpoker_OFF are hosting a Meme Millions Tournament from November 17th to 24th with $1,000,000 prize pool & $30,000 memecoin airdrop.

To celebrate, we’re teaming up for a special giveaway:
1st Place: $100 tournament ticket + $500 in $SLOTH
2nd Place: $50… pic.twitter.com/5BTWKYsra3

— Slothana (@SlothanaCoin) November 14, 2024

Slothana is running a special giveaway for first, second, and third places, with $175 tournament tickets and $500 worth of SLOTH tokens for grabs. Initiatives like this solidify the project’s place in the hearts of its community of holders, building a loyal supporter base who feel directly involved in its growth.

As such, it is no surprise that the project is gaining buzz on social media, especially on Reddit where several community members are showing their belief in its growth potential.

SLOTH Recent Market Performance

With the meme coin market segment still reacting to Bitcoin’s recent rally to $93k, Slothana appears to be among the low-cap altcoins gaining more traction. Its impressive price performance coupled with its highly-speculated Binance listing has bolstered investors’ confidence in its short-term potential, with some even predicting a 420x growth in this bull season.

420x incoming 🚀 LFG!!!!🦥 pic.twitter.com/DKNpRz7dZ1

— Derek Boyer (@derek_boyer184) November 12, 2024

After a prolonged period of consolidation, trading sideways between $0.005 and $0.004, SLOTH is back in the green, surging 40% over the past week. As shown in the chart, SLOTH has flipped the 50-day and 200-day Simple Moving Averages (SMAs) and currently targets new highs. The bulls have successfully displaced their seller counterparts, with its RSI currently oscillating between 65-67.

A quick look at the 4-hour chart also indicates the formation of a falling wedge pattern, suggesting that the atmosphere around the token is bullish. Moreover, the token price is currently moving between $0.0071 to $0.0074. Breaking this level could potentially lead to another rally to $0.008 or higher for SLOTH.

While some brief corrections are expected, especially if the RSI reaches the overbought level, SLOTH’s recent market activity could set the stage for more bullish action.

Is Binance Listing Coming For $SLOTH?

Binance has been making news for its recent listing events which specifically favored low-cap meme coins, particularly the ones on Solana. According to on-chain analyst Ai_9684xtpa, Binance has listed 15 meme coins this year alone – futures and spot combined. Among these listings, nine are from the high-throughput Solana network, demonstrating its preference for innovative projects within the ecosystem.

With that being said, the latest Solana-based meme coin listings on Binance are ACT and PNUT. While both tokens previously belonged to the low-cap meme coin category, their arrival on Binance has rapidly transformed them into big hits. PNUT, for instance, languished within the $100 million market valuation prior to the announcement of its Binance listing. Surprisingly, following the listing, its market cap jumped up by 20x to hit the $2 billion milestone.

The situation is the same with ACT, another Solana-based meme coin that initially hovered around $20 million in market valuation. Its listing on Binance resulted in an explosion in its trading volume within 48 hours, allowing it to surpass the $420 million valuation.

This impressive growth also extends to other listed tokens too. In fact, recent data shows that 80% of the tokens recorded monumental post-listing growth, with top analysts like Posty even predicting more low-cap meme coin listings in the near future.

I feel like Binance have indirectly strengthened memecoin communities.

People are less likely to sell knowing that a Binance listing could happen at any moment.

Even if they keep a moonbag, they are still going to be part of that community.

Never sell 100% of a meme I guess.

— Posty (@PostyXBT) November 13, 2024

Taking into account Slothana’s Solana factor and its strategic community posture, it stands out as a prime contender for upcoming Binance listings. This possibility further reinforces its potential for success, allowing it to possibly mirror the trajectories of other low-cap tokens listed this year.

With bullish holders watching closely and exerting more pressure ahead of the possible CEX listing, SLOTH may probably break the $0.009 mark in the next few weeks.