Taiwanese music celeb’s Solana memecoin sees wild price ticket motion simply after $40M presale - Tech Gate

Bobaoppa, a Solana (SOL) memecoin created by Taiwanese audio celeb and blockchain temperament Machi Vital Brother (aka Jeffrey Huang), has taken tokenholders on a rollercoaster journey simply after a $40 million presale.

In line with GeckoTerminal info on April 2, the Bobaoppa memecoin opened at a big of .001474 at begin on March 30 simply earlier than plunging 74% to a low of .0003854 shortly instantly after. On the time of publication, the Bobaoppa token has comparatively recovered with a price of $.0007194. On March 28, buyers despatched above 200,000 SOL to the Bobaoppa memecoin cope with based on 1 single tweet, boosting in extra of $40 million for the enterprise. The token has as a result of reality developed to a market cap of $73 million, however not all members are joyful. 

“By no means getting a presale ever but once more,” a single person wrote on X, including: “My $10K is now worthy of $129.00, WTF gentleman.” In the meantime, crypto influencer borovik.sol, a lot too, chimed in on the dealer stress: “What’s the place of presales if anybody sells quickly after 5 minutes?” he questioned. 

However essentially the most vital perception into the wild buying and selling motion arrived from Machi Large Brother himself, who mentioned that versus a normal memecoin pump-and-dump plan, Bobaoppa is as an alternative a “dump-and-pump” token. “We’re not the same. Let that sink in,” Huang wrote. “Can I make again the $29977 I shed by means of the passive money move?” requested 1 individual in regards to the Bobaoppa worth variance. “Provided that you pray troublesome greater than sufficient,” Huang replied. 

Inspired by the the most recent surge of canine-themed Solana memecoins, Huang developed the Bobaoppa token, means too, with a backstory. In accordance to the challenge’s formal website: 

“After on a time, Boba Oppa, son of Machi Vital Brother, set out on a journey for generational prosperity and to drop his virginity. By the use of his trials and tribulations he made $BOBAOPPA, the memecoin that harnesses the vitality of DeFi.”

Solana memecoins have been on a wild function, with $149.2 million elevated from 33 presales in simply the sooner thirty day interval by itself. Anatoly Yakovenko, co-founder of Solana, has since warned merchants to “cease carrying out this” amid the continued fad.

Related: Solana struggles to recapture $200, however DApp and derivatives markets proceed being bullish