A cryptocurrency trader known as Nick reported that pre-sales of meme tokens on the #Solana network have reached crazy levels.
This is the real height of dementia. Invest $180,000 and $90,000 in meme cryptocurrencies. It's absolutely crazy that we're still at this stage of the market,” Nick wrote.
Nick posted a screenshot showing transactions involving purchases of meme tokens ranging from $11,788 to $179,826. In just the past three days, traders have spent nearly $100 million on unissued digital assets and invested in coins such as Book of Meme ( BOME), NAP (NAP) and Nostalgia (NOS).
Buying and selling meme tokens
The popularity of meme token pre-sales is due to the incredible success of some projects. For example, Book of Meme's rating skyrocketed hundreds of times in 56 hours. A friend of the creator of this coin, hiding under the pseudonym Darkfarms1, invested $72,000 in BOME and three days later sold the coins for $32 million, thus increasing the capital by more than 444 times.
To participate in the digital asset pre-sale, you need to send digital assets to your crypto wallet, in the case of the #Solana blockchain - SOL coins. The risk is that the startup's managers may turn out to be fraudsters and will not be able to transfer the tokens after they are issued.
