Over 53m SOL were transferred to a wallet marking a new chapter in the β€˜meme coin frenzy’

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After BOME’s spectacular success, see why customers are eagerly putting their SOL in a subsequent pre-sale, involving pockets transfers.

A Solana (SOL) deal with obtained over 53 million SOL in 4 hours after its proprietor, who identifies itself as Kero on X (previously Twitter), introduced the pre-sale of a soon-to-be token named SNAP on Mar. 15. The quantity is price over $9.6 million.

Asking for at least 1 SOL, Kero shared his pockets deal with for X customers to ship SOL and be eligible to obtain SNAP, capping the provide at 50 million SOL. Nonetheless, the cap was surpassed, and Kero may refund customers who despatched crypto after the occasion.

One of many causes behind the stellar funding of Kero’s pockets could possibly be his profession as a non-fungible token (NFT) artist, being the creator of collections Uncommon Coco and Snappy Cocos. Nonetheless, there aren’t any ensures that Kero will maintain his facet of the deal because the SOL despatched by customers aren’t escrowed in a sensible contract – they’re already in his pockets.

This unconventional and dangerous pre-sale mannequin for meme cash grew to become fashionable on Mar. 12 after the profitable launch of the token E book of Meme (BOME), which could possibly be one more reason why Kero’s pockets received nearly $10 million in simply 4 hours. A consumer who identifies himself as Darkfarms on X posted that customers would obtain an allocation of BOME proportional to the quantity of SOL despatched to his deal with.

The success of BOME made customers recklessly gamble their SOL in one other pre-sale which consists of transferring funds to a pockets.

A Solana (SOL) deal with obtained over 53 million SOL in 4 hours after its proprietor, who identifies itself as Kero on X (previously Twitter), introduced the pre-sale of a soon-to-be token named SNAP on Mar. 15. The quantity is price over $9.6 million.

Asking for at least 1 SOL, Kero shared his pockets deal with for X customers to ship SOL and be eligible to obtain SNAP, capping the provide at 50 million SOL. Nonetheless, the cap was surpassed, and Kero may refund customers who despatched crypto after the occasion.

One of many causes behind the stellar funding of Kero’s pockets could possibly be his profession as a non-fungible token (NFT) artist, being the creator of collections Uncommon Coco and Snappy Cocos. Nonetheless, there aren’t any ensures that Kero will maintain his facet of the deal because the SOL despatched by customers aren’t escrowed in a sensible contract – they’re already in his pockets.

This unconventional and dangerous pre-sale mannequin for meme cash grew to become fashionable on Mar. 12 after the profitable launch of the token E book of Meme (BOME), which could possibly be one more reason why Kero’s pockets received nearly $10 million in simply 4 hours. A consumer who identifies himself as Darkfarms on X posted that customers would obtain an allocation of BOME proportional to the quantity of SOL despatched to his deal with.

After the BOME distribution, the value rose to five,000%, skyrocketing the token’s reputation. One consumer despatched 50 SOL to Darkfarms’ pockets and bought its holdings 14 hours later for 767 SOL, as reported by the consumer Lookonchain on X.

BOME value motion. Picture: CoinGecko

The surprising profitable final result of a pre-sale which had a major probability of ending in a rip-off, adopted by enormous value progress, received BOME listed for buying and selling in centralized exchanges, corresponding to Gate.io, KuCoin, and MEXC.

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