Unnamed Pre-sale Address Collects $33M SOL in Just 1 Hour
In less than an hour, an early presale for an undisclosed AI-focused project on the Solana blockchain raised over $33 million. The presale details were shared on X on March 18 by Dexter, a blockchain investigator, who also mentioned a 24-hour early investor window. No other information about the project was provided, but despite the lack of details, the presale wallet address received 159,300 SOL tokens, equivalent to over $33 million. The quick and substantial investment can be attributed to the limited time window for the presale, which offered a higher token allocation for early participants.
This presale took place during a time when investor greed in the crypto space is high. The Crypto Fear and Greed Index currently sits at 77, indicating “extreme greed” among investors. It has slightly decreased from its peak of 90 last month. The interest in Solana, which is often considered a potential rival to Ethereum, has been rekindled. On March 17, Ethereum generated approximately $14 million in fees, whereas Solana only generated around $4 million. This gap in revenue is gradually closing, as just a month ago, Ethereum had $7 million in fees compared to Solana’s $300,000.
The growing attention towards Solana is largely attributed to the meme coin frenzy that is taking place. Presales for meme coins built on the Solana blockchain have raised over $100 million worth of SOL tokens in the three days leading up to March 18. These meme tokens have been utilizing a controversial presale model to raise funds for their unreleased coins. Some notable examples include Book of Meme (BOME), Nap (NAP), and Nostalgia (NOS). This trend has contributed to Solana’s increasing popularity and has sparked discussions about its potential to overtake Ethereum in terms of fee revenue.
The mysterious presale for the unnamed AI project on Solana generated significant investment within a short period of time. The heightened investor greed in the crypto market, along with Solana’s successful appeal as an alternative to Ethereum and the recent meme coin frenzy, has contributed to this surge in interest. As Solana continues to attract attention and generate revenue, it remains to be seen how it will compete with other leading blockchain platforms in the future.
10 thoughts on “Unnamed Pre-sale Address Collects $33M SOL in Just 1 Hour”
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The fact that people are investing blindly without even knowing the details of the project is mind-boggling. It’s like throwing money into a black hole.
The unnamed AI project on Solana created a wave of excitement and attracted significant investment. It’s amazing how quickly things can happen in the crypto world.
Investor greed is at an all-time high, and this presale is a clear reflection of that. The Crypto Fear and Greed Index at 77 shows extreme enthusiasm among investors. It’s a crazy time in the crypto space!
Wow, this presale on Solana raised over $33 million in less than an hour! The limited time window definitely contributed to the quick and substantial investment. Impressive!
Solana may be gaining popularity, but it’s still miles away from Ethereum. Investors need to take a reality check and not get caught up in the hype.
Solana’s popularity may be on the rise, but it’s important to remember that popularity alone doesn’t guarantee success. Let’s not get carried away.
Dexter, the blockchain investigator, shared the details of this presale on X, giving us a glimpse into the mysterious project. It’s intriguing how they managed to attract such a massive investment without providing much information.
I’m tired of these sketchy presales popping up left and right. When will people learn to be more cautious and not blindly invest in everything?
Solana may be generating more revenue, but it still has a long way to go before it can compete with Ethereum. Let’s not jump to conclusions here.
This AI project seems like a total scam! 🤬 Where’s the transparency and information about it? People are just throwing their money away.