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bitcoin
Bitcoin (BTC) $ 97,683.17
ethereum
Ethereum (ETH) $ 3,403.91
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 654.60
usd-coin
USDC (USDC) $ 0.999623
xrp
XRP (XRP) $ 1.48
binance-usd
BUSD (BUSD) $ 0.990747
dogecoin
Dogecoin (DOGE) $ 0.433219
cardano
Cardano (ADA) $ 1.08
solana
Solana (SOL) $ 254.78
matic-network
Polygon (MATIC) $ 0.567139
polkadot
Polkadot (DOT) $ 8.59
tron
TRON (TRX) $ 0.212227
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    Over 50% of pre-sold Solana memecoins deserted inside 1 month after $25 million increase

    Latest News

    Solana memecoin pre-sales have rugged buyers of over $25 million inside the previous month as greater than 50% of the highest initiatives have been deserted, with some by no means even launching a token.

    Solana Co-Founder Anatoly Yakovenko retained his damaging stance on the phenomena, commenting, “Pre promoting a meme doesn’t make any sense to start with.” On the time, Yakovenko urged customers to cease investing in memecoin pre-sales after sharing a picture of the highest 22 initiatives, which raised over $100 million.

    Of the 22 initiatives, ZachXBT has revealed that 12 have already been deserted only one month later. The deserted initiatives embody LIKE, MOONKE, FROG, TEMPLE, and SORRY, which raised over $2 million. The opposite initiatives raised between $1.4 million and $180,000, with X person @Jared_eth elevating round $800,000 with out launching a token. Notably, @Jared_eth’s account is listed as compromised by the web3 safety platform Pocket Universe.

    Abandoned Solana pre-sale memecoins (ZachXBT)
    Deserted Solana pre-sale memecoins (ZachXBT)

    The memecoin mania has since moved to the Coinbase-backed Base blockchain, with ZachXBT commenting that “nobody realized something bc identical factor is going on on Base.”

    The worth of SOL has fallen considerably because the memecoin spending spree. At its peak, SOL reached over $200, fueled largely by memecoins, however has since dropped to $154 as of press time. The 23% decline comes after SOL has already recovered round 30% from its native low of $117 on April 13.

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