Bittime -The crypto industry is once again enlivened by memecoin fever. This time, the newest NFT (Non-Fungible Token) collection called Milady Wif Hat succeeded in attracting the attention of investors with fantastic presale achievements.
Fast and Successful Presale
On March 18, 2024, the Milady project announced a presale for their Solana memecoin , Milady Wif Hat. The name of this memecoin is inspired by another popular Solana memecoin, Dogwifhat (WIF). In its announcement, the Milady project wrote, "Presale for the super stylish Milady Wif Hat loved by the SOL community is now open! Send love to the SOL community now!"
This presale turned out to be warmly welcomed by investors. In just 2 hours, Milady Wif Hat managed to raise funds amounting to 91,486 SOL, equivalent to $18.7 million (around Rp. 270 billion). This surge in investor interest meant the minimum investment limit of 1 SOL and fundraising target of 88,888 SOL were quickly exceeded.
The Milady team then announced, "The Milady Wif Hat presale has reached its cap at 88,888 SOL and is now closed. Any additional Solana raised will be returned 100% to investors."
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The Combination of NFTs and Memecoins Lures Investors
The success of the Milady Wif Hat presale was driven by several factors. First, Milady's NFT collection consisting of 10,000 avatars with anime-style profile photos (PFP) has attracted the attention of many collectors. Second, this project has the support of an influential figure in the crypto world, Su Zhu, one of the founders of hedge fund Three Arrows Capital based in Singapore.
On March 6, Su Zhu wrote on social media, "Hey Milady family! I had to buy some Milady after hearing you guys have the best memes on Web3. Let's see what this community can do! Time to go to the moon, degenerates!"
Su Zhu's support had a significant impact. The price of Milady's NFTs doubled to $19,000 (around Rp. 275 million) per NFT within a few days, before dropping to $11,742 (around Rp. 170 million) at the time this article was written.
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Memecoin Fever and Cases of Lost Funds
Memecoin fever is sweeping the crypto industry. On March 14, the Milady Wif Hat memecoin reached its all-time high of $3 (around Rp. 43,000) after fans raised more than $700,000 (around Rp. 10 billion) to advertise the Milady Wif Hat logo on the Las Vegas Sphere, a giant advertising screen. in Las Vegas.
Milady Wif Hat is the best performing memecoin currently, recording an increase of more than 1,000,000% since its launch in November 2023, thanks to its listing on the well-known crypto exchange, Binance.
However, in the midst of this fever, there was an incident that was detrimental to investors. On March 18, token developer Slerf accidentally burned 53,000 SOL (around IDR 9.9 billion) in a highly publicized presale. This resulted in total losses for investors who had put their funds in the Slerf airdrop.
Milady Wif Hat's fantastic presale is a reflection of the current memecoin fever. However, the Slerf case is a reminder of the importance of being careful when investing in the crypto world, especially in new projects that do not yet have a long track record. Investors need to do in-depth research before deciding to invest in any crypto asset.
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How to Buy Crypto with 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:
Solana (SOL) Future & Solana ETF Predictions
Dogwifhat (WIF) Price: How Long Will This Bullish Trend Last?
Dogwifhat (WIF), Memecoin of Solana Network Soars 200%
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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