Bittime – ThecryptoNFTartist. Kero managed to raise a fantastic investment, more than $10 million, for his new meme coin called SNAP which is based onSolanablockchain . Amazingly, this fundraising was achieved in less than 24 hours!
The key to Kero's success lies in smart use of social media. He invited public participation through a poll on the X platform, where 5,000 participants enthusiastically supported the launch of the coin.
What's Kero's Next Strategy?
Kero's next strategy is no less interesting. He invited investors by posting digital wallet addresses. The results are amazing! In a short period of time, the wallet received a transfer of nearly 55,000 SOL, equivalent to approximately $10.4 million.
SNAP, the name of the meme coin, is inspired by the original meme character created by Kero, namely Coco the crocodile. Coco's visual style is reminiscent of Pepe the Frog, a very famous internet meme character. Coco herself often appears in Kero's digital artwork, which uniquely combines elements of classical art, memes and internet culture.
“I want to introduce 'Coco,'” wrote Kero on social media. “After Mumu, Bobo, Dodo, Pepe, you definitely know where I got that name. I think there has to be a meme suitable for web 3 and no one has made one before. Then it occurred to me, crocodiles are great predators who 'snap' their prey, then drag them into the water. I may sound crazy, but I really enjoy being able to create memes that fit alongside other memes. What do you think?"
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Community Enthusiasm and Contribution
The Block's analysis using data from Solscan reveals incredible enthusiasm from the crypto community. Incoming contributions are dominated by small amounts. The average donation is 1 SOL, which has almost doubled in value thanks to Solana's recent positive performance.
The official launch of SNAP itself has not yet been announced. Kero prioritizes caution. The plan is for the launch to take place after 21:00 UTC on Sunday. This decision was taken to ensure the integrity of the project considering the rapid development and large scale.
“Coins will not be released before Sunday 21:00 UTC,” explained Kero. “Given the size and rapid development, we wanted to ensure no mistakes were made. Official contract: 4G86CMxGsMdLETrYnavMFKPhQzKTvDBYGMRAdVtr72nu. Everything will be checked over and over again to make sure everyone gets what they expect.”
SNAP Analysis: Memecoin or Serious Project?
The surge in popularity of SNAP prompts a fundamental question: is SNAP just a memecoin or has real utility? Let's analyze it more deeply:
1. Strong Community
Kero has built a solid fan base through his unique NFT artwork. These fans have proven to be loyal and enthusiastic about his new project, demonstrated by high participation in fundraising.
2. Easy to Remember Branding
SNAP has an interesting name and character, inspired by the popular meme Coco. This strategy makes it easier to onboard and has the potential to attract new investors into the ecosystem.
3. Concerns about Utilities
Until now, there is no clear information regarding the function and long-term use of SNAP. This lack of clarity may raise doubts among investors looking for crypto projects with real utility.
4. Quick Rollout and Lack of Transparency
Kero's decision to launch SNAP quickly and on an undisclosed schedule prompted questions about the project's long-term planning. A lack of transparency can make institutional investors wary.
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The Future of SNAP: Will the Hype Continue?
The future of SNAP remains uncertain. Several factors can determine its success:
1. Clear Utility
If Kero is able to explain the functions and uses of SNAP in detail, investor confidence will increase. Strong utilities can drive long-term growth.
2. Association with Kero
Kero's popularity as an NFT artist could be a major driver for SNAP. However, the project needs to go beyond the Kero name to achieve long-term success.
3. Crypto Market Conditions
The overall performance of the crypto market also influences SNAP's performance. If the positive trend continues, SNAP could also be boosted. However, if a market correction occurs, SNAP prices could be depressed.
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You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER : This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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