An individual, known as X, shook up the cryptocurrency world by introducing "#coco ," a memecoin inspired by the Web3 universe, and quickly securing over US$7 million in a pre-sale.

Drawing inspiration from the formidable crocodile, X's COCO swiftly gained traction among investors and enthusiasts, following in the footsteps of successful memecoins like #Mumu, #BOBO , #Dodo/Usdt , and #PEPEupdate .

COCO's launch coincided with a surge in memecoin activity on the Solana network. "BOOK OF MEME" (BOME), another Solana-based memecoin, experienced a remarkable 500% surge in its initial hours of trading, appealing to investors seeking rapid returns.

Darkfarms, the mastermind behind COCO, initiated a 24-hour pre-sale, inviting participation through the transfer of SOL to a designated Solana address. Unlike traditional sales, this pre-sale lacked a fixed price, with token distribution based on the proportion of SOL contributed by each participant.

The pre-sale exceeded Darkfarms' expectations, with fundraising surpassing the anticipated 500-600 SOL mark. In response, Darkfarms held a community vote to decide on the allocation of pre-sale proceeds.

Investors flocked to COCO's pre-sale, eager to capitalize on the excitement and volatility of the cryptocurrency market. With 50% allocated to the pre-sale, 25% for liquidity provision, and 25% locked for potential future endeavors, COCO promises an exhilarating experience for "degens" seeking something unconventional.