Driven by Darkfarms’ remarkable success, the Solana blockchain has recently experienced a tremendous surge in memecoin presales.
The evolution of memecoin projects emerged after Darkfarms’ $BOME remarkably hit a market value of $1.46 billion within 48 hours of its March 14 presale debut.
$BOME’s mighty accomplishment inspired numerous creators and projects to adopt similar strategies on Solana, leading to a rapid accumulation of substantial capital.
Typically, these projects involve sending $SOL to specified wallets, distributing funds for presale and liquidity pools, setting minimum bids, and potentially imposing time or monetary restrictions.
Standout Memecoin Presales
Amid this vigorous competition, Kero’s $NAP memecoin surged, raising $10 million in a day and reaching a $43 million market cap with $274 million in trading volume.
Following suit was the creative force known as Satoshi’s Mom, whose Nostalgia memecoin ($NOS) presale attracted $3 million and surged to a market cap of $6.7 million.
Still, the largest presale pool to date belongs to Dekadente, credited for its upcoming launch of the $SMOLE memecoin, attracting a jaw-dropping $30 million.
Joining the burgeoning trend, Trippy Labs announced its own $SHROOM token, succeeding in securing $3.8 million via a limited presale, albeit amidst skepticism owing to the promoter’s hiatus from social platforms.
Though, the memecoin presale rush hasn’t always been smooth sailing. Take $SLERF, for instance. The developer’s mishap wiped out the project’s liquidity buffer and airdrop funds, leaving investors empty-handed.
In another incident, the creator ‘Pokeee’ had to refund $10 million from its $LIKE memecoin presale due to complications with airdrop distribution and bot issues.
Nonetheless, despite occasional setbacks, the web3 sphere’s rapid growth in memecoin presales highlights the crypto world’s continuous innovation and speculative enthusiasm.
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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.
