Anatoly Yakovenko, co-founder of Solana Labs, seems to be taking a stand in opposition to Solana-based meme cash, citing knowledge displaying giant quantities of SOL being despatched to meme coin pre-sale contracts. We’re calling on buyers to cease this.
On-chain detective ZachXBT shared the picture beneath detailing an inventory of social media accounts that lately raised giant sums of cash for meme cash on Solana. On the high of the record, his 0xDekadente raised 169,982 SOL, roughly $30.5 million, whereas the least worthwhile venture, his NftRamo, raised roughly $165,060.
Anatoly cited the picture above and the phrase “Please cease this” and had no different feedback. Just lately, the meme coin craze pushed SOL worth above $200 for the primary time for the reason that final bull market, marking a brand new excessive for market cap.
On the time of writing, 0xDekedente is trying to airdrop tokens to pre-sale buyers, however is struggling resulting from community congestion. Because of this, the account provided buyers to launch their tokens earlier than airdropping them.
“The Smolana community may be very congested and it isn’t doable to airdrop similtaneously LP in the intervening time… We are going to attempt however it isn’t doable
There you select: Launch now and $smole Airdrop within the subsequent few hours…
In case you launch Airdrop and LP on the identical time, it can take a number of hours for community congestion to clear up… I'm undecided precisely how lengthy it can take resulting from congestion, however no matter you resolve, do it as quickly as doable To do. ”
Presently, on-line voting means that the tokens shall be launched earlier than the airdrop takes place. Which means buyers who contributed to the pre-sale is not going to have any tokens to promote on the token launch.
On the time of writing, SOL is buying and selling round $179, down 15% from its native excessive. Memecoin is taken into account an outlet for liquidity playing by some and an vital neighborhood innovation by others, however it might be driving curiosity in Solana for the incorrect causes.
Demand for meme cash no less than acts as a stress take a look at for the community, indicating stress factors the place the community turns into congested when demand is excessive. Meme cash have struggled to launch liquidity swimming pools and airdrop tokens, whereas tokens and dApps with actual utility have had little to no publicity.
The submit Solana co-founder Anatoly tells neighborhood to cease investing in meme coin pre-sales appeared first on nft-cryptocurrency.
(Tag Translation) Solana
