🚀📉12 memecoins on Solana reportedly abandoned after raising a whopping $26.7M! Talk about a moonshot that turned into a crash landing. 😅

ZachXBT, our Sherlock of the blockchain, highlighted the volatility of these investments. Some projects even experienced losses right after launch. One didn't even release a token! 🙈

The most dramatic was "I like this coin" (LIKE), which raised 52,220 SOL (~$7.7M) and debuted with a $577M market cap. But hold your horses, it lost over 90% of its value within just 8 hours! Now, that's what I call a rollercoaster ride. 🎢

The official account for LIKE has been radio silent since March 31. Another project, MOONKE, faced a similar fate.

The market sentiment towards Solana-based memecoins has cooled, reflecting a skepticism similar to the Ethereum ICO boom in 2017.

But hey, let's not forget the developer of Slerf (SLERF) memecoin who accidentally destroyed the entire presale allocation in a “fat finger” burn error. Despite this, SLERF gained a cult following and surged to a market cap of ~$750M.

What's your take on this? Are memecoins just a meme or the future of crypto? Drop your thoughts below! 👇 #DeFi #Web3 #Blockchain