According to figures shared by independent blockchain detective ZachXBT, at least 12 Solana pre-sale memecoins have been "completely abandoned", having raised a total of $26.7 million in the last 30 days.
In an April 21 post on
According to ZachXBT, the costliest “abandoned” presale project was a memecoin called LIKE. The project's pseudonymous founder, pokeee.eth, raised 52,220 Solana (SOL) ($7.7 million) for memecoin and launched the coin on March 17 with a market cap of $577 million. However, memecoin's value plummeted, dropping more than 90% in the first 8 hours.
At press time, LIKE is down 99.2% from its starting price. Notably, memecoin's official X account hasn't made a single new post since March 31st — and pokeee.eth hasn't said anything about the coin since then.
It is claimed to be the second largest abandoned presale for a token called MOONKE.
MOONKE, launched by another pseudonymous founder RockyXBT on March 20 at an extreme valuation of almost $500 million, followed a similar path as LIKE, falling more than 99% from its launch price within hours.
One project raised 4,567 SOL ($812,000) without launching any tokens.
Market enthusiasm for memecoins has waned a bit lately, with several of the larger Solana-based memecoins dropping more than 40% since April 1.
One of the most notable Solana presale disasters in recent months occurred in March, when the developer of a memecoin called Slerf claimed that the memecoin SLERF had accidentally burned its entire presale allocation in a “fat finger” burning bug.
Despite this, the Slerf dev burned a total of SOL 535,000 (worth around $10 million at the time) and the coin quickly became a cult favorite among memecoin investors, rallying behind the token and seeing its market cap rise to around $750 million.
What are your thoughts? Share your comments with us.#blockchain#cryptocurrency #Solana
In an April 21 post on
According to ZachXBT, the costliest “abandoned” presale project was a memecoin called LIKE. The project's pseudonymous founder, pokeee.eth, raised 52,220 Solana (SOL) ($7.7 million) for memecoin and launched the coin on March 17 with a market cap of $577 million. However, memecoin's value plummeted, dropping more than 90% in the first 8 hours.
At press time, LIKE is down 99.2% from its starting price. Notably, memecoin's official X account hasn't made a single new post since March 31st — and pokeee.eth hasn't said anything about the coin since then.
It is claimed to be the second largest abandoned presale for a token called MOONKE.
MOONKE, launched by another pseudonymous founder RockyXBT on March 20 at an extreme valuation of almost $500 million, followed a similar path as LIKE, falling more than 99% from its launch price within hours.
One project raised 4,567 SOL ($812,000) without launching any tokens.
Market enthusiasm for memecoins has waned a bit lately, with several of the larger Solana-based memecoins dropping more than 40% since April 1.
One of the most notable Solana presale disasters in recent months occurred in March, when the developer of a memecoin called Slerf claimed that the memecoin SLERF had accidentally burned its entire presale allocation in a “fat finger” burning bug.
Despite this, the Slerf dev burned a total of SOL 535,000 (worth around $10 million at the time) and the coin quickly became a cult favorite among memecoin investors, rallying behind the token and seeing its market cap rise to around $750 million.
What are your thoughts? Share your comments with us.#blockchain#cryptocurrency #Solana