Solana

Coin

<p><strong>The hype surrounding Solana memecoins has significantly died down in recent weeks. Indeed, after an unprecedented craze that saw tens of millions of dollars flow into these purely speculative tokens, numerous crypto projects were simply abandoned by their creators.</strong></p>
<h2 id="h-a-frenzy-of-crypto-fundraising">A frenzy of crypto fundraising!</h2>
<p>At the heart of this new speculative wave is the “presale” method, which allowed dozens of Solana memecoins to raise millions in just a few days. According to figures revealed by ZachXBT, no less than 12 crypto projects collected a total of $26.7 million through this means before being abandoned less than a month later.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>Among the most striking examples are “I Like This Coin” and its token LIKE. Its founder pokeee.eth managed to raise the equivalent of $7.7 million in SOL crypto during the presale. However, since its launch on March 17, the value of the memecoin has plummeted by over 90%! What’s worse, the project seems to have been completely deserted by its creators who have not communicated since the end of March.</p>
<div class="affiliate-button"><span class="affiliate-button__link obfuscated-link" data-href="https://www.cointribune.com/newsletters/" data-target="_blank" data-rel="noreferrer noopener">Découvre notre newsletter gratuite</span> <span class="affiliate-button__disclaimer obfuscated-link" data-href="https://www.cointribune.com/en/sponsored-content/" data-target="_blank" data-rel="noreferrer noopener">Ce lien utilise un programme d’affiliation</span>
</div>
<h2 id="h-a-speculative-drift-with-the-appearance-of-a-bubble">A speculative drift with the appearance of a bubble<strong>&nbsp;</strong></h2>
<p>While these pump-and-dump phenomena are not new in the crypto world, the magnitude of the frenzy around Solana memecoins raises questions. By attracting millions of investors with enticing but unsubstantiated promises, <a href="https://twitter.com/zachxbt/status/1782130097895477469?s=46&amp;t=zj7ICl0Lw9vdTKh741lFIQ" target="_blank" rel="noopener noreferrer nofollow">these dubious projects</a> indeed recall the ICO (Initial Coin Offerings) craze of 2017.</p>
<p>At that time, hundreds of companies had managed to raise astronomical sums before vanishing after failing to develop a viable product. Despite repeated warnings from informed experts, the lure of profit seems to have once again blinded many crypto investors.</p>
<p>In the end, the tide seems to be turning for Solana memecoins after a few weeks of irrational exuberance. The sudden abandonment of many projects, despite the millions garnered, starkly reminds us of the inherent dangers of crypto assets. While this turbulent period allowed some savvy investors to make substantial profits, it also widened the chasm of losses for the majority of participants.</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://accounts.binance.com/en/register?ref=35547494" target="_blank" rel="noopener noreferrer nofollow">Acheter ses premières cryptos avec Binance</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">Ce lien utilise un programme d’affiliation</a>
</div>

Crypto – These meme coins Solana fall after only 1 month!

목차

Cointribune EN

2024년 4월 22일에 게재된 다른 기사

Turn $50 into $100,000: The Low-Cost Crypto Investment Plan

Thailand Regulators Crack Down on Rogue Crypto Exchanges

Bitcoin Surpasses $66,000 Resistance Level

Surge in Bitcoin Layer-2 Token Prices Following BTC Halving

Grand Base Now Hacked: DeFi’s $2M Wake-Up Call

Cronos Launches Spring Odyssey, a Gamified Exploration of Web3 Themes with Galxe Integration

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!