Solana

<ul><li>Recent investigations reveal that 12 Solana memecoins, which raised a combined total of $26.7 million through presales, have been abruptly abandoned.</li><li>Tokyo cautions investors about the high risk of &#39;rug pulls&#39; in scenarios where a single holder controls over 30% of a meme coin&#39;s supply.</li><li>The analyst provides potential investors with a comprehensive guide using tools like Solscan to identify and analyze promising memecoin opportunities.</li></ul>Independent blockchain investigator ZachXBT recently <a href="https://twitter.com/zachxbt/status/1782130097895477469" rel="noopener noreferrer nofollow">reported</a> that 12 memecoins collectively raised $26.7 million through presales in the past month, only to be abandoned soon after. Notably, &#39;I like this coin&#39; raised 52,220 SOL ($7.7 million), launched with a market capitalization of $577 million, and then saw its value drop more than 90% within just eight hours. After a brief initial period, the activity surrounding this token virtually ceased.Similarly, the MOONKE token experienced a catastrophic decrease in value shortly after its launch, mirroring the volatility and risk inherent in these investments. Additionally, there was a project that raised 4,567 SOL ($812,000) but failed to launch its token, further spotlighting the speculative and often precarious nature of memecoin markets.In the risky environment of crypto investments, it is essential for investors to stay cautious. Tokyo, an on-chain trader and DeFi analyst on X, has highlighted and laid out strategies for scrutinizing risky memecoin projects. The analyst’s insights come as the crypto community has witnessed several notable <a href="https://cryptotale.org/solana-based-meme-coin-bonk-faces-downward-pressure/" rel="noopener noreferrer nofollow">Solana meme coin</a> projects being abandoned after raising funds.<a href="https://cryptotale.org/wp-admin/post.php?post&#61;42673&amp;action&#61;edit" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

12 Solana-Based Memecoins Abandoned After Raising $26.7 Million in Presale

CryptoTale

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