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DAO Maker has performed a worthy feat, securing just about $100 million in a presale for the PUNDU meme coin.
The a lot of funding contributed inner 36 hours reflects a pronounced speed for food for excessive-probability ventures within the crypto market. Then once more, the overwhelming response resulted in an oversubscription, necessitating refunds for contributors who sent funds put up-target attainment.
Solana Meme Coins in Excessive Question
DAO Maker unveiled an impressive $97.6 million raised across Binance Natty Chain and Solana, drawing enhance from over 20,000 customers. PUNDU, presented by the launchpad lovely days within the past, rapidly captured investor interest, with contributions exchanging SOL and USDT for PUNDU allocations.
This success marks a milestone, organising PUNDU’s presale because the excellent for a meme coin. Most deposits originated from Binance Natty Chain, gathering $60 million. Then once more, the Solana presale tackle also saw huge articulate. It purchased 212,404 SOL, related to $37.6 million, surpassing the 33,333 SOL exhausting cap, highlighting the enthusiastic interest in meme coins inner the Solana ecosystem.
Whereas PUNDU awaits its launch date, the meme coin pledges an very just true rollout, earmarking 40% of tokens for the presale, yet another 40% for liquidity swimming pools, and distributing the final 10% equally between marketing efforts and prolonged-time period exchange listings.
Be taught extra: 6 Finest Platforms To Aquire Solana (SOL) in 2024
Per crypto investigator ZachXBT, Solana presales personal raised bigger than 796,000 SOL, related to around $149.20 million. Such mania urged Solana Labs Co-Founder Anatoly Yakovenko to express investors to “stay” sending SOL presales.
“To me, it’s lovely a weird and wonderful thing, I mediate, of folks being terminally online and roughly having nothing better to attain,” Yakovenko talked about.
Furthermore, the frenzy surrounding meme coins ended in the emergence of racist tokens. These meme coins, with offensive names, symbols, and imagery, embrace racial slurs, anti-Semitic references, and Nazi imagery.
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