ZachXBT: 33 presales worth $140 million took place on the Solana network

Since March 12, the Solana ecosystem has hosted 33 pre-launch fundraising campaigns, raising a total of 796,000 SOL (~$139 million at the time of writing). This is evidenced by data from the on-chain detective ZachXBT.

Update: Added a few more Solana presales from the replies that I missed and the total SOL raised is up to >796,000 SOL ($149.2M) from 33 presales. pic.twitter.com/O7dBqAunni

— ZachXBT (@zachxbt) March 19, 2024

The largest presale of the meme coin Book of Meme (BOME), launched by the X-account 0xDekadente. 169,982 SOL (~$27.7 million) were sent to the project’s wallet.

According to CoinGecko, since its launch, BOME has risen in price by approximately 40,000% – from $0.00005 to a peak of $0.02. The asset is currently trading at $0.01.

ZachXBT identified several cases of fraud and rug pull with losses of approximately 25,400 SOL (~$4.4 million).

Let's check in on a few of the recent presale coins

-7000 SOL sent to @Sartoshi0x who secretly pocked 62% of SOL from presale & did not fully distribute tokens

-2100 SOL sent to @Jared_eth a fake Jared MEV bot account (people sent another fake Jared account $440K for a presale… https://t.co/3TNwcpNkh8 pic.twitter.com/YyVkwcN9fS

— ZachXBT (@zachxbt) March 19, 2024

According to him, user Sartoshi0x secretly kept 62% of the 7,000 SOL collected during the pre-sale.

Copycat blogger Jared MEV stole 2100 SOL. The analyst recalled that in June 2023, users sent the same fake about $440,000 during the presale.

3300 SOL went to a scammer with the nickname bluekirbyftm, who imitated another scammer, the researcher claims. The biggest pre-sale scam was the theft of 13,000 SOL by user Vombatus_eth.

ZachXBT called what was happening “pre-sale meta” and recalled that its data does not reflect the entire volume of such transactions. Pre-sales are also happening on Ethereum, BNB Chain, Base and others.

Amid the ongoing hype around meme tokens, decentralized exchanges based on Solana have captured about half of the market in terms of daily trading volume. The segment leader was the Jupiter platform with $2.66 billion, followed by Raydium with $2.4 billion.

Let us remind you that the creator of the Slerf meme coin, who collected funds through a presale, accidentally burned all the coins for the liquidity pool and airdrop. Despite the problems, the crypto community and major players supported the project.