At the least 12 Solana presale memecoins have been “utterly deserted” within the final 30 days after elevating a mixed $26.7 million from buyers, based on figures shared by unbiased blockchain sleuth ZachXBT.
In an April 21 put up to X, ZachXBT highlighted 12 Solana memecoin tasks that raised funds by way of the controversial presale methodology, a lot of which have since plunged considerably since launch, and one which seems to not have launched any token in any respect.
In accordance with ZachXBT, the costliest “deserted” presale undertaking was a memecoin dubbed ‘I like this coin’ which sported the ticker LIKE.
The undertaking’s pseudonymous founder pokeee.eth raised a staggering 52,220 Solana (SOL) ($7.7 million at present costs) for the memecoin and launched the coin on March 17 with a market capitalization of $577 million, nevertheless, the meme coin’s worth plunged quickly, falling greater than 90% within the first 8 hours.
As of the time of publication, LIKE is down 99.2% from its launch worth. Notably, the memecoin’s official X account hasn’t made a single new put up since March 31 — and pokeee.eth hasn’t talked about the coin since then both.
The second-largest alleged deserted presale is for a token referred to as MOONKE.
Launched by one other pseudonymous founder RockyXBT on March 20 to an outsized valuation of practically $500 million, MOONKE quickly charted the same path to LIKE, plummeting greater than 99% from its launch worth in a matter of hours.
One undertaking that raised 4,567 SOL ($812,000 at present costs) by no means even launched a token.
Cointelegraph contacted each Pokeee and RockyXBT for remark however didn’t obtain a response by the point of publication.
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The market’s enthusiasm for memecoins has dwindled considerably in current weeks, with a number of of the bigger Solana-based memecoins together with dogwifhat (WIF) sliding greater than 40% since April 1.
On the time, final month’s memecoin frenzy noticed a number of market pundits draw comparisons to Ethereum preliminary coin providing (ICO) period growth of 2017 the place lots of of crypto tasks raised tens of millions of {dollars} however finally most didn’t ship.
Probably the most notable Solana pre-sale debacles in current months got here in March, when the developer of a memecoin referred to as Slerf claimed to have by chance burned all the pre-sale allocation of the memecoin SLERF in a “fats finger” burn error.
Regardless of the Slerf dev burning a staggering whole of 535,000 SOL (value round $10 million on the time) the coin quickly shortly grew to become a cult favourite amongst memecoin buyers, who rallied behind the token and noticed it rally to a peak of round $750 million market cap.
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