Bittime - The Solana blockchain world has been buzzing with memecoin presales lately following the incredible success of Darkfarms via BOME.
Darkfarms token, $BOME, managed to reach a market value of $1.46 billion in just 48 hours since the presale opened on March 14. This fantastic achievement of $BOME inspired many other creators and projects to implement similar strategies on Solana, thereby raising large amounts of capital quickly.
Generally, these memecoin projects require users to send $SOL tokens to certain wallets. The funds collected are then divided for presale and liquidity pool purposes. Additionally, there is usually a minimum purchase and perhaps also a time or money limit.
Who is Darkfarms?
Reporting from nftmoneymetaverse Darkfarms is an art creator and doodle artist on web 3.0. The drawing style combines a cartoon style with complex layouts.
He often uses memes to convey the message of his work, making it easier for people who are familiar with web 3.0 to understand. Even though the image is complicated, the message that Darkfarms wants to convey is still understandable. Since web 3.0 is the focus, Darkfarms is known to be involved in many related projects.
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The Attention-Stealing Memecoin Presale
Amid intense competition, Kero's $NAP memecoin token soared drastically. The project raised $10 million in a day and reached a market capitalization of $43 million with a trading volume of $274 million.
Not wanting to be outdone, a creator named Satoshi's Mom also joined in on this trend. The presale of their memecoin token, Nostalgia ($NOS), attracted $3 million and its market cap rose to $6.7 million.
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However, the record for the largest presale fund pool is currently held by Dekadente. Their project to launch the $SMOLE memecoin token successfully raised a fantastic $30 million.
Joining the trend, Trippy Labs announced their own token, $SHROOM. They managed to raise $3.8 million through a limited presale, although it was doubtful because the promoter disappeared from social media.
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Imperfections in Memecoin Trends
Unfortunately, this memecoin presale trend does not always run smoothly. Take $SLERF, for example. This project developer's mistake meant that funds for liquidity and airdrop were lost, so investors got nothing.
In another incident, the creators of 'Pokeee' had to return $10 million of presale proceeds of their meme token, $LIKE, due to issues with airdrop distribution and bot interference.
Despite several setbacks, the rise of memecoin presales in the web3 realm shows the high spirit of innovation and speculation in the crypto world.
How to Buy Crypto on Bittime
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.
Also read:
$BOME Makes This Trader Make Lots of Money, Here's the Story!
BOME Price Skyrocketed 20x in a Short Time, Here's the Reason
Why do BOME prices continue to soar? This is the Secret Behind His Rise!
BOME Skyrockets 300%, These are Interesting Facts about the Book of Memes
DISCLAIMER: This article is informational in nature and is not an offer or invitation 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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