LikeCoin News
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2024
Apr / 22- Solana Presale Meme Coins Abandoned, Sparking Market Volatility Concerns
- Apr 22, 2024 at 04:59 pm
- Amidst the presale frenzy, 12 Solana meme coin projects have abruptly ceased operations, collectively raising $26.7 million via controversial methods. Investigations reveal significant token value declines, with one project failing to launch a token altogether. The abandoned projects include "I like this coin," which raised $7.7 million and lost 90% of its value within eight hours, and MOONKE, which plunged 99% from its launch price. This trend reflects a broader downturn in the appeal of meme coins, with even established Solana projects like Dogwifhat experiencing price declines.
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