The new cryptocurrency token Solciety (SLCTY) is attracting increased interest across the market, with the presale hitting stage 5 amid the current crypto bounce. There’s also growing positivity within the industry ahead of Ethereum spot exchange-traded funds (ETFs) highly anticipated launch.
Ethereum whales moves ETH amid ETF optimism
On July 10, on-chain data and insights account Spot On Chain noted that an Ethereum whale withdrew 16,449 Ether from Binance.
The value of the tokens amounts to roughly $50.3 million and the ETH transfer happened as Ethereum price rose above $3,000. ETH price fell below the psychological level on June 5. At the time of writing, ETH/USD is at $3,105.
Spot On Chain notes that the 16,449 ETH withdrawal is the whale or institutional holder’s first large accumulation of Ethereum. The whale also moved all their Ether holdings to a new wallet, with the move coming ahead of a potential ETH ETF trading debut in the next few days.
The US Securities and Exchange Commission (SEC) approved Ethereum spot ETFs in May and could give the final nod as soon as next week. Several asset managers have submitted amended S-1 registrations.
Elsewhere, there’s great enthusiasm around the crypto market after multiple ETF issuers filed for Solana spot ETFs with the SEC. Also attracting attention is new momentum for meme coins – particularly SOL meme coins.
Solciety attracts as investors eye new PolitiFi token
Solciety is the new Solana-based meme coin looking to mirror and eventually outpace other politics-related coins. Investors eyeing the next wave of gains amid the growing traction for meme coins see SLCTY as potentially a good buy today.
This outlook has the project’s presale moving fast. Less than a month after the ICO sale opened, the SLCTY token presale has raced to stage 5 of 15.
Solciety has a total supply of 10 billion tokens and 3 billion, or 30% of supply will be available via the presale.
Details on the Solciety presale page shows that the project has so far raised over $820k from early adopters. The SLCTY token price is currently at $0.002289. However, this price will increase to $0.002357 in the next stage.
Why this PolitiFi token?
Ethereum ETFs upcoming launch, a bounce for Bitcoin and news around Solana ETFs are likely to be big upside momentum catalysts in coming months.
Also hot today is the US political space. Meme coins rallying amid a heating up political landscape portends a conducive environment for Solciety (SLCTY), the new meme coin on Solana to thrive.
Unlike the other PolitiFi meme coins, Solciety wants to conquer the industry by championing itself as the home of meme politics. Overall, Solciety seeks to build a political party for degens.
The Meme Campaigner is the project’s secret weapon to achieving this. Viral memes on political figures such as Badimir Putain, Kim Wrong Urn and Donald Pump will see creators earn rewards.
Meanwhile, growth means Solciety could outperform PolitiFi tokens like Jeo Boden (BODEN), MAGA (TRUMP) and MAGA Hat (MAGA).
To learn more about Solciety, visit the official website.
