Memecoins
Solana Meme Coin Lists SLOTH on HTX, Binance List Possible Next Move
Solana meme coin SLOTH listed on HTX exchange, Binance listing next?
The Solana Slothana ($SLOTH)-based meme coin is set to debut on the HTX cryptocurrency exchange on Monday, May 20 at 12 p.m. UTC.
This development, announced via an HTX blog and a post by Slothana on social media platform X, marks another milestone for the popular meme coin. Trading on HTX, ranked ninth by CoinMarketCap with a 24-hour trading volume over $2 billion, is expected to improve the liquidity and visibility of $SLOTH.
HTX: a major player in the crypto exchange market
HTX, founded in 2013 by Leon Li in Beijing, China, has established itself as a significant entity in the cryptocurrency market. Headquartered in Seychelles, with offices in Hong Kong, South Korea, Japan and the United States, HTX has built a significant user base, particularly in Asia. The cryptocurrency exchange is known for its robust trading volume and wide range of listed tokens, around 500 in total, which will now include $ LAZY.
The listing of $SLOTH on HTX follows its presence on other exchanges such as Poloniex, Bitrue and XT.com, with Bitwexc.com also recently allowing trading of $SLOTH. On decentralized exchanges, $SLOTH reached a trading volume of $12 million in the last 24 hours, which combined with centralized exchanges totals $29.5 million. This volume is expected to increase with the listing of HTX.
BUY $SLOTH USING PHANTOM WALLET
Market dynamics and stock quotes
The cryptocurrency market is very competitive, with exchanges competing for trading volume and market share, especially in the hot coin sector.
$SLOTH’s market capitalization is approaching the $100 million mark, a threshold often considered by leading exchanges when deciding on new listings. This growing market capitalization has fueled speculation about potential future listings on major exchanges like Binance and OKX.
Historical context: the success of BOME
$SLOTH’s trajectory is reminiscent of the recent success of another Solana-based coin, Book of Meme (BOME), which saw a significant price rise following its listing on Binance. BOME experienced a price increase of more than 1,198% in a week, demonstrating the impact a major stock market listing can have on a token’s value. Binance not only listed BOME but also launched a USD margined perpetual contract with up to 50x leverage, strengthening its trading business.
Upcoming developments and community engagement
As $SLOTH prepares for its HTX listing, the community looks forward to subsequent listings on other major exchanges. There is a particular focus on Binance, given its history of strengthening meme coins like BOME. The $SLOTH price was $0.0515 before the HTX listing announcement and recently reached an all-time high of $0.056. Market participants are closely watching whether $SLOTH can break through the resistance levels and continue its upward trajectory.
In addition to exchange listings, $SLOTH has implemented a unique burn mechanism to support its price. For every penny the price increases, $1 million worth of SLOTH is burned, creating a deflationary effect that encourages price growth. This mechanism was well received by the community and contributed to positive price movements.
BUY $10,000 LAZY WITH ONLY 1 SOL
Partnerships and additional features
Slothana has also formed strategic partnerships to improve its ecosystem. He notably joined forces with the crypto poker site CoinPoker to offer a $10,000 prize pool tournament to $SLOTH holders.
Slothana’s upcoming HTX listing ($SLOTH) marks a significant milestone in the coin’s development, increasing its accessibility and trading volume. Thanks to its innovative burning mechanism and strategic partnerships, $SLOTH is positioning itself as a leading player in the meme coin market.
As the community eagerly awaits potential listings on other major exchanges like Binance, the performance of $ LAZY will be closely watched by investors and traders.