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"Pre-sale hits the street", is the MEME hype over?

Read this article in 11 Minutes
Profitable liquidation, pre-sale MEME will only be popular for one day?

This weekend, as BOME was listed on Binance, the price of BOME shot all the way to a high of $0.028. Later, early holders cleared their positions and reaped hundreds of times profits, and the price of BOME began to decline. According to birdeye data, the BOME price is $0.016 at the time of writing.



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 was issued through pre-sale, increased 20 times in just three hours on the day it went online, with a market value exceeding US$80 million.


In the afternoon of that day, Darkfarms added all SOL raised into the LP pool, with the initial price being 0.0{3}496 USDT. Subsequently, the token began to spread widely in the Chinese and British communities. Due to its extremely high depth, it can accommodate the entry of a large amount of funds. A large number of buy orders of more than 100 SOLs continued to pour in, pushing its price to continue to rise, and it achieved a short-term breakthrough of 0.0012 USDT in one day. , up approximately 24 times, with a market value exceeding US$80 million.


MEME paid for pre-sale, and the "ICO revival" was speculated for one day?


BOME’s pre-sale rules are 69000000420 coins, 50% of which are used for pre-sale. There is no exact price for the tokens at the beginning, and all pre-sale tokens will be sold according to The proportion of the contribution will be distributed, and then 1 or 2 liquidity pools will be created based on the price of each BOME multiplied by 1.5 times. Although BOME is not the first person to pre-sell meme, BOME’s success has undoubtedly ignited the pre-sale craze.


POGAI, the once popular "Chinese Dogecoin", began to imitate the pre-sale model. The 24-hour pre-sale activity was launched in just a few hours. The deposit limit has been reached, and the currency refund is currently expected to be completed at 5 p.m. Subsequently, various meme projects such as KANG, Byte, MOOLANA, PXP, etc. started pre-sale.


Related reading: "BOME increased 50 times in a single day, triggering the "meme pre-sale boom" of the Solana ecosystem》


Obviously, after BOME, many "old artists" in the currency circle can't sit still and want to complete "re-employment" through similar pre-sales. Among them, Bakery's first Meme token IQ50, whose meaning comes from the self-deprecating meme culture of "IQ50" well-known in the encryption circle, was airdropped to a total of 150,000 addresses and increased by 15 times at the opening. However, after the high point, the price of IQ50 fell rapidly, leaving A pyramid-shaped k-line.


On March 15, Defina suddenly released a new meme coin SOLO on the social media platform to start pre-sale. During the pre-sale, Defina even announced that it was disbanding the old team. Under the pre-sale tweet, many community members commented that the pre-sale was a scam, but they were all denied by Defina’s official reply, which turned into a farce. In the end, the price of SOLO quickly crashed after opening high, approaching the "return to zero" route.


On March 17, COCO NFT founder @SnappyCocos started the pre-sale of the meme project snap (NAP). NAP has increased by as much as 760% since its opening. Trading volume exceeded the $400 million mark within an hour. On that day, the sharp rise in NAP once again triggered a "blood-sucking market". For example, the meme currency LIKE (full name "I Like The Coin") released by the NFT whale Pokee was originally favored by the community, but the release time hit NAP, resulting in The liquidity within its trading pairs continues to shrink, and the price goes straight to "zero". But at 5 o'clock that day, NAP was unable to break through the previous high after falling, and then the price continued to fall. Community participants asked: "Is the meme season over?"



Of course, "paying for pre-sale" is a new method after all, and it is not ruled out that there are still some meme projects Be favored by the community. For example, the sloth meme slerf was chased higher after it went online. As of writing, it exceeded $0.28, with an increase of 142.01% in half an hour.


Public chains are following suit one after another, is MEME accelerating to become an inscription?


Some memes have not caught up with the trend of "payment pre-sale", and the "cross-chain pre-sale" model has become popular on the Ethereum network. On March 17, Derivatives Monke, a platform focusing on Syncus Fi and ZKasino, announced the opening of pre-sales. Participants can send Ethereum to designated addresses through bridging. The team promises that all funds can be bridged back at a 1:1 ratio within 30 days. And 25% of the tokens will be airdropped this way. Subsequently, 0xSun was detected depositing 30 Ethereum, worth $108,000, to the Derivatives Monke L2 bridge address.




Other public chains have also begun to compete to imitate the "payment pre-sale" meme. It can be said that this model has opened the door to a new world for "public chain competition". On March 16, Fenture AI, the AI DeFi asset management on Sui and Aptos, named "cannot lose to Solana and Aptos Launch" and opened the pre-sale of meme currency DRATINI. Users need to send at least 50 sui to the designated address to participate in the pre-sale. Subsequently, on March 17, AptosLaunch also opened the meme currency LME pre-sale


In addition to Sui and Apt, Avalanche also announced the opening of a 24-hour sale on March 17. Meme pre-sale requires participants to send at least one AVAX. After only 2 hours, the pre-sale channel wallet collected more than 70,000 AVAX.



Due to the need to participate in the pre-sale Users send a certain amount of tokens to a specified address, so there is a certain chance of encountering a fraudulent project. Previously, community members pointed out that @0xnibba’s account was taken over by scammers and released pre-sale information for a certain meme currency. Subsequently, on-chain detective ZachXBT detected that @0xnibba raised $90,000 during the pre-sale and ruged it. Currently, @0xnibba’s account has been Logout.



There are many meme items and the price The fluctuation is large. BlockBeats hereby reminds readers to be cautious in investing and pay attention to risk screening.


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