Solana's pre-sale project attracted $25 million in investment, but more than 50% of the hot projects were abandoned
Memecoins pre-sold on Solana have attracted investments of over $25 million in the past month. However, over 50% of the hot projects have been abandoned, with some not even issuing tokens. Solana co-founder Anatoly Yakovenko expressed a negative attitude towards this phenomenon. At the time, Yakovenko urged users to stop investing in memecoin pre-sales, and then shared a picture of the first 22 projects that raised over $100 million. Among these 22 projects, ZachXBT revealed that 12 had been abandoned after one month. The abandoned projects include LIKE, MOONKE, FROG, TEMPLE, and SORRY, which raised over $2 million. Other projects raised amounts ranging from $1.4 million to $180,000, and user X @Jared_eth raised approximately $800,000 but did not issue tokens. It is worth noting that @Jared_eth's account is listed as stolen by the web3 security platform Pocket Universe.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Two Whales Messed Up on Two Different Altcoins – Forced to Sell at a Huge Loss on the Last Drop
According to Onchain data, two different crypto whales sold their positions after losing on two altcoins. Here are the details.
Cardano Foundation’s 2024 Report Highlights: Enterprise Growth, Education, and Governance Focus
How Tyler Spalding Built Flexa for Crypto Transactions
El Salvador Accelerates Bitcoin Purchases Despite IMF Agreement