While discussing whether meme coins on the Solana network are safe, a renowned analyst issued a warning to investors.
The crypto agenda is talking about Solana-based meme coins. The meme coin called SLERF, newly launched on the network, suffered a 10 million dollar loss by accidentally burning the tokens that contained the capital raised in the presale, while the price experienced a sharp rise.
As SLERF’s value rapidly increased, it managed to surpass Book of Meme (BOME), another meme coin project that has seen a 1100% increase over the last 7 days, and became the 8th-largest meme coin. Due to an error, an investor made 3 million dollars in 12 minutes.
The performance of Solana-based coins led to a new meme coin frenzy in the crypto world, which raised questions about the reliability of their projects. Crypto detective ZachXBT warned investors against possible fraud attempts.
The presales for Solana-based coins saw an astonishing 122 million dollar increase. While the excitement about the projects encourages the crypto community to take action, it is necessary to be careful against fraudulent attempts like rug-pulling.
The claims and warnings of ZachXBT encouraged the crypto community to be more careful, and the response from Solana was not delayed. Solana co-founder Anatoly Yakovenko shared the list of Solana-based projects that ZachXBT mentioned and said “Enough.”
Presales allow investors to buy coins at discounted prices, drawing a lot of interest. Among the presales with the most attention is the number of investors interested in buying Dogecoin20 tokens.
Dogecoin20 Token Exceeds 4 Million Dollars
When it comes to meme coins, Dogecoin (DOGE) and DOGE20, inspired by the ERC-20 protocol of the Ethereum network, continues to be on the agenda with its presale exceeding 4 million dollars.
Dogecoin20, which meets with investors through a phased presale event, positions itself as an upgrade to DOGE. As an Ethereum-based token, DOGE20 is seen as an eco-friendly alternative to Dogecoin due to its Proof of Stake (PoS) mechanism.
Dogecoin20, which offers investors the opportunity to earn passive income through staking, raises expectations before listing on the stock exchange. Of the 140 billion DOGE20s in circulation, 35 billion meet investors through the presale event.
After the current stage, investors who want to buy Dogecoin20 tokens pay 0.000202 dollars. It is possible to participate in the presale through ETH, USDT, BNB, or card transactions. The price of Dogecoin20 rises to 0.000203 dollars in the next stage and to 0.000206 dollars in the final stage. Investors who participate in the discounted presale also have the opportunity to earn 6751 DOGE20 tokens per ETH block.
The Biggest SOL Airdrop Ever with SMOG in Close Focus
The dragon-themed meme coin project SMOG has been exciting the crypto world since its listing on Jupiter DEX on February 7th. According to CoinMarketCap data, SMOG, which increased by 178% in the last month, still offers buying opportunities with its low price.
The increasing number of followers and the promised airdrop event of SMOG are increasing the interest in the project. Investors who buy SMOG tokens have the chance to buy a meme coin that claims to be the biggest airdrop event of all time.
The staking activity of the project supports the long-term investment opportunity. The staking mechanism makes it possible to accumulate points to be eligible for the airdrop. Investors staking SMOG tokens can withdraw them 90 days later.
Those who want to gain an advantage with the SMOG airdrop event run in collaboration with the Zealy platform buy and stake SMOG. It should be noted that there is a 10% discount on purchases made through the project’s own page.
So far, the number of staked SMOG tokens has exceeded 23 million, with an annual return rate of 42%. Investors who want to buy SMOG can pay with ETH, USDT, or card transactions.
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