This weekend, with BOME launching on Binance, the price of BOME surged to a high of $0.028. Subsequently, early holders cleared their positions, reaping profits of over a hundred times, and the price of BOME began to decline. According to birdeye data, as of the time of writing, the price of BOME is $0.016.
On March 15th, according to data disclosed by its creator Darkfarms, BOME raised a total of 10,131 SOL in two days. This meme coin, which adopted a pre-sale issuance, surged 20 times on the day of its launch, with a market value exceeding $80 million within just three hours.
In the afternoon of the same day, Darkfarms added all the raised SOL to the LP pool, with an initial price of $0.03496 USDT. Subsequently, the token began to spread widely in the Chinese and English communities. Due to its deep liquidity, it was able to accommodate a large amount of funds, and a large number of buy orders of over a hundred SOL continued to drive its price up. Within a day, it broke through $0.0012 USDT, rising by about 24 times, with a market value exceeding $80 million.
MEME pre-sale, "ICO revival" just lasted a day?
The pre-sale rule for BOME is 69000000420 tokens, with 50% allocated for pre-sale. Initially, the tokens did not have a specific price, and all pre-sold tokens would be distributed according to the contribution ratio, and then 1 or 2 liquidity pools would be created at 1.5 times the price of each BOME. Although BOME was not the first in meme pre-sales, its success undoubtedly ignited the pre-sale craze.
Once-popular "Chinese Dog Coin" POGAI began to emulate the pre-sale model, and the 24-hour pre-sale activity reached the charging limit within a few hours, and is expected to complete the refund and open trading at 5 pm. Subsequently, various meme projects such as KANG, Byte, MOOLANA, and PXP followed suit and started pre-sales.
Related reading: "BOME's 50-fold increase in a single day, igniting the 'meme pre-sale craze' in the Solana ecosystem"
Obviously, after BOME, many "veteran artists" in the coin circle could not sit still and wanted to complete "re-employment" through similar pre-sale methods. Among them, Bakery's first Meme token IQ50, whose meaning comes from the well-known "IQ50" self-deprecating meme culture in the crypto circle, was airdropped to 150,000 addresses, and its opening price rose by 15 times. However, after reaching its peak, the price of IQ50 quickly fell back, leaving behind a pyramid-shaped candlestick chart.
On March 15th, Defina suddenly announced the pre-sale of a new meme coin SOLO on social media platforms. During the pre-sale, Defina even announced the dissolution of the old team. Below the pre-sale tweet, several community members commented that this pre-sale was a scam, all of which were denied by the Defina official, turning into a farce. In the end, after the high opening, the price of SOLO quickly plummeted, approaching the "zero" development path.
On March 17th, COCO NFT founder @SnappyCocos launched the meme project snap (NAP) pre-sale, which saw a high increase of 760% at the opening, and the trading volume exceeded $400 million within two hours. On that day, the sharp rise in NAP once again triggered a "blood-sucking market," such as the meme coin LIKE (full name "I Like The Coin") released by NFT whale Pokee, which was originally highly regarded by the community, but its issuance coincided with NAP, causing its internal liquidity to shrink continuously, and its price to head straight for "zero." However, by 5 pm that day, NAP was unable to break through its previous high after the decline, and its price subsequently plummeted, prompting community participants to ask, "Is the meme season over?"
Public chains are imitating each other, accelerating the transformation of MEME into inscriptions?
Some memes have not caught up with the "pre-sale" trend, and the "cross-chain pre-sale" model has become popular on the Ethereum network. On March 17th, the platform Derivatives Monke, focusing on Syncus Fi and ZKasino, announced the start of the pre-sale, where participants could send Ethereum to a designated address through bridging, and the team promised that all funds could be bridged back at a 1:1 ratio within 30 days, with 25% of the tokens being airdropped in this way. Subsequently, it was detected that 0xSun recharged 30 Ethereum worth $108,000 to the Derivatives Monke L2 bridging address.
Other public chains have also begun to imitate the "pre-sale" meme, and it can be said that this model has opened the door to a new world in the "public chain competition." On March 16th, AI DeFi asset management Fenture AI on Sui and Aptos singled out "cannot lose to Solana and AptosLaunch" and launched the meme coin DRATINI pre-sale, requiring users to send at least 50 Sui to a specified address to participate in the pre-sale. Subsequently, on March 17th, AptosLaunch also started the pre-sale of the meme coin LME.
In addition to Sui and Apt, Avalanche also announced the opening of a 24-hour Meme pre-sale on March 17th, with participants needing to send at least one AVAX. Just 2 hours later, the pre-sale channel wallet had collected over 70,000 AVAX.
Since participating in the pre-sale requires users to send a certain amount of tokens to a designated address, there is a certain chance of encountering fraudulent projects. Previously, community members pointed out that @0xnibba's account was taken over by scammers, who then posted information about a meme coin pre-sale. Subsequently, blockchain detective ZachXBT monitored @0xnibba raising $90,000 during the pre-sale and then rug pulling. Currently, @0xnibba's account has been deactivated.
With numerous meme projects and large price fluctuations, BlockBeats reminds readers to invest cautiously and be aware of the risks.
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