2 weeks ago
Solana memecoin pre-sales person rugged investors of implicit $25 cardinal wrong the past period arsenic much than 50% of the apical projects were abandoned, with immoderate ne'er adjacent launching a token.
Solana Co-Founder Anatoly Yakovenko retained his antagonistic stance connected the phenomena, commenting, “Pre selling a meme doesn’t marque immoderate consciousness to statesman with.” At the time, Yakovenko urged users to halt investing successful memecoin pre-sales aft sharing an representation of the apical 22 projects, which raised implicit $100 million.
Of the 22 projects, ZachXBT has revealed that 12 person already been abandoned conscionable 1 period later. The abandoned projects see LIKE, MOONKE, FROG, TEMPLE, and SORRY, which raised implicit $2 million. The different projects raised betwixt $1.4 cardinal and $180,000, with X idiosyncratic @Jared_eth raising astir $800,000 without launching a token. Notably, @Jared_eth’s relationship is listed arsenic compromised by the web3 information level Pocket Universe.
Abandoned Solana pre-sale memecoins (ZachXBT)The memecoin mania has since moved to the Coinbase-backed Base blockchain, with ZachXBT commenting that “no 1 learned thing bc aforesaid happening is happening connected Base.”
The terms of SOL has fallen importantly since the memecoin spending spree. At its peak, SOL reached implicit $200, fueled mostly by memecoins, but has since dropped to $154 arsenic of property time. The 23% diminution comes aft SOL has already recovered astir 30% from its section debased of $117 connected April 13.
The station Over 50% of pre-sold Solana memecoins abandoned wrong 1 period aft $25 cardinal raise appeared archetypal connected CryptoSlate.
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