A new cryptocurrency project called Slothana ($SLOTH) has caught fire, raising an impressive $15 million during its month-long presale. The presale is still ongoing, with just under six days left for interested investors to participate before it ends on April 29.

The project's momentum received a boost from the convergence of Bitcoin's quadrennial halving and international stoner day on April 20, leading to a surge in investments. Slothana's team has hinted at an airdrop announcement once the presale timer hits zero, fueling anticipation among supporters.

With the recent Bitcoin halving and expectations of market rallies in 2024, Slothana's timing couldn't be better. The halving has led to a supply shock in the Bitcoin market, prompting analysts to predict a potential bull run for cryptocurrencies this year.

In January, the US Securities and Exchange Commission's approval of 11 Bitcoin ETFs contributed to Bitcoin's record-breaking price surge. This upward momentum has positively impacted the entire cryptocurrency market, with many projects experiencing significant gains.

Slothana operates on Solana, a network witnessing the emergence of several meme coins in recent months. Despite Solana's recent network outages, developers have rolled out updates aimed at addressing congestion issues, signaling a potential rebound for the network and its affiliated projects.

Investors interested in joining Slothana's presale have limited time left to contribute to the project. They can participate by sending SOL to a specified address or using the contribution widget on the Slothana website.