Over 50% of pre-sold Solana memecoins abandoned within 1 month after $25 million raise

Over 50% of pre-sold Solana memecoins abandoned within 1 month after $25 million raise

Solana memecoin pre-sales have rugged investors of over $25 million within the past month as more than 50% of the top projects were abandoned, with some never even launching a token.
Solana Co-Founder Anatoly Yakovenko retained his negative stance on the phenomena, commenting, “Pre selling a meme doesn’t make any sense to begin with.” At the time, Yakovenko urged users to stop investing in memecoin pre-sales after sharing an image of the top 22 projects, which raised over $100 million.
Of the 22 projects, ZachXBT has revealed that 12 have already been abandoned just one month later. The abandoned projects include LIKE, MOONKE, FROG, TEMPLE, and SORRY, which raised over $2 million. The other projects raised between $1.4 million and $180,000, with X user @Jared_eth raising around $800,000 without launching a token. Notably, @Jared_eth’s account is listed as compromised by the web3 security platform Pocket Universe.
Abandoned Solana pre-sale memecoins (ZachXBT)
The memecoin mania

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