The man who said "I will launch a memecoin, throw it at me" collected 10 million dollars in a matter of hours. 🔥😂
In a whirlwind of excitement and speculation, the world of cryptocurrency witnessed a staggering influx of funds into a Solana (SOL) wallet. The catalyst? A pre-sale announcement for a new token dubbed SNAP, orchestrated by none other than the enigmatic figure known as Kero.
Within a mere four hours of Kero's announcement on X (formerly Twitter), over 54 thousand SOL poured into his wallet, amassing a jaw-dropping value of $10 million. The rules were simple: participants had to send a minimum of 1 SOL to Kero's wallet to secure eligibility for SNAP tokens. However, the demand far exceeded expectations, with contributions surpassing the 50 thousand SOL cap, sparking speculation about potential refunds.
Kero's rise to prominence as a non-fungible token (NFT) artist, renowned for collections like Rare Coco and Snappy Cocos, undoubtedly played a pivotal role in the overwhelming response to his pre-sale. Yet, amid the excitement, concerns lingered regarding Kero's commitment to fulfilling his end of the bargain. Unlike traditional pre-sale models, where funds are held in escrow, the SOL sent by users was already in Kero's possession, leaving some investors uneasy.
This unconventional approach to pre-sales gained momentum following the recent success of the Book of Meme (BOME) token launch on Mar., enticing users eager to capitalize on similar opportunities. Darkfarms, another prominent figure in the cryptocurrency community, followed suit with a comparable pre-sale model, offering participants an allocation of BOME based on the amount of SOL sent to his address.
The influx of funds into Kero's wallet highlights the volatile nature of meme coins, with investors facing both risks and rewards in this evolving landscape. As the frenzy persists, they tread carefully, weighing potential gains against unforeseen pitfalls.
