Solana Co-Founder Sounds Alarm on Memecoin Scams: $100 Million Raised in 72 Hours Sparks Urgent Warning
Solana co-founder Anatoly Yakovenko recently issued a stern warning to the crypto community, urging investors to stop participating in meme coin presales. His statement comes in response to alarming data revealing that Solana-based memecoin founders have raised over $100 million from token presales in just 72 hours.
Yakovenko emphasized that many of these presales have turned out to be outright scams, stating, "Stop doing this,” in a tweet addressing the issue. He expressed concern about the negative impact these schemes could have on the decentralized finance (DeFi) space as a whole and warned that they could potentially attract regulatory scrutiny, particularly from agencies like the U.S. Securities and Exchange Commission (SEC).
Some users in the crypto community have echoed Yakovenko's sentiments, highlighting the risks associated with investing in unregulated and often anonymous presale events. They argue that these schemes could damage the credibility of the entire crypto ecosystem and discourage new investors from entering the space.
