Bobaoppa

Solana

Oppa

Memecoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/celebritys-memecoin-project-leads-to-investor-disappointment/" data-wpel-link="internal">Celebrity’s Memecoin Project Leads to Investor Disappointment</a><br></p>
<p class="p1" style="text-align: justify"><a href="https://coin-turk.com/bu-ulkelerde-kripto-para-birimleri-gozde-verilerin-etkisi-ne" data-wpel-link="internal">Cryptocurrency</a> markets have seen a rise in <a href="https://en.coin-turk.com/dogecoin-struggles-amid-crypto-market-volatility-a-detailed-overview/" data-wpel-link="internal">memecoin</a> projects, with one such project called Bobaoppa, a Solana memecoin launched by Taiwanese musician and known blockchain figure Jeffrey Huang, taking token holders on a rollercoaster ride after a $40 million presale.</p> 
<h2 class="p1" style="text-align: justify" id="famous-personality-s-memecoin-project-disappoints">Famous Personality’s Memecoin Project Disappoints</h2> 
<p class="p1" style="text-align: justify">According to CoinGecko, the memecoin project Bobaoppa opened at its highest level at $0.001474 during the launch on March 30, only to fall by 74% to $0.0003854 shortly after. At the time of writing, the price of Bobaoppa had slightly recovered to $0.0007194.</p> 
<p class="p1" style="text-align: justify">On March 28, investors sent over 200,000 <a href="https://en.coin-turk.com/decline-in-solana-based-memecoin-projects-amid-rug-pull-scams/" data-wpel-link="internal">SOL</a> to the Bobaoppa memecoin address based on a single tweet, raising over $40 million for the venture. Since then, the token has reached a market value of $73 million, but not all participants are satisfied with the process.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-336580" src="https://coin-turk.com/wp-content/uploads/2024/04/machi-tweet.webp" alt="" width="500" height="462"></p> 
<p class="p1" style="text-align: justify">One user declared they would never participate in a presale again after their $10,000 investment plummeted to a value of $129. Meanwhile, crypto influencer borovik.sol joined the investor panic, asking:</p> 
<blockquote> 
 <p class="p1" style="text-align: justify">“What’s the point of presales if everyone sells after 5 minutes?”</p> 
</blockquote> 
<h2 class="p1" style="text-align: justify" id="memecoin-frenzy-in-the-solana-ecosystem">Memecoin Frenzy in the Solana Ecosystem</h2> 
<p class="p1" style="text-align: justify">Amid the trading frenzy, the most significant insight came from Machi Big Brother himself, who explained that unlike traditional memecoin pump-and-dump schemes, Bobaoppa was a dump-and-pump token, claiming it was different from other memecoins.</p> 
<p class="p1" style="text-align: justify">Inspired by the recent surge in dog-themed Solana memecoin projects, Huang created the Bobaoppa token with a backstory. The official website stated:</p> 
<blockquote> 
 <p class="p1" style="text-align: justify">“Once upon a time, Machi Big Brother’s son Boba Oppa embarked on a journey for generational wealth. Through trials and tribulations, he created the memecoin BOBAOPPA, leveraging the power of the <a href="https://en.coin-turk.com/defi-market-shows-strong-growth-despite-bearish-conditions/" data-wpel-link="internal">DeFi</a> sector.”</p> 
</blockquote> 
<p class="p1" style="text-align: justify">Memecoin projects in the Solana ecosystem have embarked on a wild run, with 33 presales in just the past month generating $149.2 million. Anatoly Yakovenko, co-founder of Solana, has since warned investors to stop amidst the ongoing frenzy.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/celebritys-memecoin-project-leads-to-investor-disappointment/" data-wpel-link="internal">Celebrity’s Memecoin Project Leads to Investor Disappointment</a></h5>

Celebrity’s Memecoin Project Leads to Investor Disappointment

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