2024-04-24 20:01:06
ZachXBT Unveils: $26.7M Losses in 12 Abandoned Solana Meme Coin Projects Presales Gone Wrong: Declines & No TokensIn a shocking revelation, crypto sleuth ZachXBT has blown the lid off
Solana's meme coin underbelly. A staggering 180,650 SOL (approx. $26.7M) was raised by these
12 abandoned projects, but their fortunes took a nosedive post-launch.
From Hype to Hypothermia: Value MeltdownMarch 19 saw the first warning signs as ZachXBT analyzed 27 presales, tallying a whopping 655,000 SOL ($122.5M). Fast forward to April 21, and the verdict is in:
controversial presales led to a meme massacre, with some projects failing to even release a token.
LIKE It or Not: The Costliest Collapse"I like this coin" seemed promising, with pokeee.eth gathering 52,220 SOL ($7.7M) and an initial market cap of $577M on March 17. But the LIKE button turned red as its value plummeted by over 90% within hours. Today, it's down a staggering 99.2%, with silence from pokeee.eth since March 31.
MOONKE Wanes, FROG Leaps Away, JARED_eth StumblesThe MOONKE project by RockyXBT raised 37,470 SOL and soared close to $500M before crashing hard. Meanwhile, X user Pepecasso1's FROG hopped off after securing 29,761 SOL. And poor Jared_eth couldn't even get his token off the ground despite raising 4,567 SOL.
The Solana meme coin scene is a treacherous swamp, and investors must tread carefully to avoid being left high and dry. ZachXBT's exposé serves as a stark reminder that not all that glitters in the crypto world is SOLid gold.
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