|
|
Recently, the meme coins BOME and POGAI within the Solana ecosystem have sparked a wave of on-chain fundraising projects, but don't get too excited too soon! Key Opinion Leaders (KOLs) collectively issue warnings: not all projects are like BOME, investors must be mindful of the risks involved.
The rise in Solana coin prices and the strong development of the ecosystem have fueled this trend, and the popularity of BOME and POGAI has further boosted on-chain trading volume. Particularly with BOME, it successfully completed contract and spot trading listings within just three days, becoming one of the fastest meme coins to list on Binance to date.
Looking back on March 13th, Darkfarms launched the pre-sale of BOME, allowing participation by sending SOL to a designated Solana address. This pre-sale did not have a fixed price; all participants would receive token allocations based on the proportion of SOL they donated. Remarkably, the progress of the pre-sale far exceeded Darkfarms' expectations. The initial fundraising target was only 500-600 SOL, but they ended up opening a community vote for participants to decide how to allocate the pre-sale funds. As a result, they raised a total of 10,131 SOL, equivalent to effortlessly raising $1.85 million.
Subsequently, this successful case led to many other meme projects emulating BOME's method for pre-sales. Among them, the much-discussed meme coin POGAI from last year also announced the launch of its pre-sale on Solana, raising 10,000 SOL in just a few hours. Compared to traditional fundraising methods, this fundraising method can be described as very rapid.
However, for meme coins on the Solana chain, it is uncertain whether they can sustain a rise like BOME's. In a recent case, the meme coin SORRY attracted approximately 13,000 SOL during the fundraising stage, but subsequently led to an asymmetry between market liquidity and fixed value, causing some investors who participated in private placements to suffer losses of up to 50%.
Faced with the frenzy of meme coins on Solana, some KOLs have voiced warnings, advising investors to proceed with caution. Among them, @BTCdayu explicitly stated that he would no longer participate in any projects or meme coins that require capital investment. He pointed out that while such projects may offer some good opportunities, he believes there will never be another case like BOME. He specifically warned investors to be wary of projects using "liquidity locking" tactics, as this may involve the issuer locking funds in liquidity pools to artificially control coin prices. In simple terms, this may hide the risk of the project suddenly dumping (i.e., "dumping") by the project party. |
|
Post time 26-3-2024 23:30:43