Solciety (SLCTY) had a major news announcement this week.
And in reaction, investors are scrambling to buy the Solana-based meme coin that’s currently in presale. Here’s more about the huge interest in the token and what the resilience in Solana’s meme coin market and the upcoming U.S. election means.
Solciety (SLCTY) launches on November 4
SLCTY is the token of the Solciety meme coin – a PolitiFi project in presale and that has raised over $1.3 million so far. While yet to launch in the market, SLCTY is attracting attention due to its unique value proposition within the space.
Basically, Solciety brands itself as the political party for degens. With no apparent political bias, the project looks to stand out as a community out to bring the best of memes in the global political satire arena.
While it was originally scheduled to have 15 presale stages, Solciety has slashed that to just eight. What this means, according to an update from the team, is that the meme coin will now launch on its first decentralized exchange on Nov 4.
Investors have noted this special date will coincide perfectly with the U.S. election. That one will be just a day later on Nov. 5. Most crypto holders bet on Trump winning and it could be a party across the market.
SOL meme coins
While Solana (SOL) price continues to battle downside pressure with its value below $140, its meme coin ecosystem has shown signs of major resilience. Activity on meme coin Launchpad Pump.fun has spiked, with new tokens in the wake of the HBO Documentary on Satoshi Nakamoto in the mix.
Dogwifhat (WIF) and Popcat (POPCAT) are two of the top Solana-based meme coins to post gains in the past 24 hours and continue their recent resurgence. However, getting significant interest in recent days is the Solana-based political token Solciety (SLCTY).
Solciety presale picks momentum as Trump tokens surge
A look at the PolitiFi market shows top tokens at the moment as the U.S. election in November 2024 nears those based on former president Donald Trump. MAGA, TRUMP and STRUMP are up on the day and over the past week. However, the KAMA token around Kamala Harris has dropped in recent days as traders on Polymarket increasingly bet on a Trump win.
These tokens are likely to explode as the election comes around, potentially offering huge returns for holders. But many do not have the political staying power that Solciety, the token for the degens, may offer.
At the current presale stage, SLCTY price of $0.002289 is still a huge bargain. However, that will reduce significantly when price jumps to $0.002357 in the next stage.
Stage seven and eight will see Solciety’s presale price rise to $0.002428 and $0.002501. From the current stage, that’s an increase of 9% to the final stage.
Investors keen to take advantage can join the presale here.
