NFT artist raises over $10 million in one day for Solana memecoin presale | Headlines | News | CoinMarketCap

03/17/2024 00:26
NFT artist raises over $10 million in one day for Solana memecoin presale | Headlines | News | CoinMarketCap

A relatively unknown NFT artist has surprised the crypto community by raising over $10 million in SOL for a meme coin presale in less than a …

A relatively unknown NFT artist has surprised the crypto community by raising over $10 million in SOL for a meme coin presale in less than a day. 

The artist, pseudonymously known as Kero, launched the presale after polling their followers on X as to whether they should launch a coin on Solana in honor of joining the network. After receiving 5,000 votes on the poll, Kero launched the presale by posting a wallet address, which rapidly accumulated funds eventually totaling nearly 55,000 SOL, or about $10.4 million at current prices. 

Kero, after admitting they didn't have any idea what to make before launching the poll, eventually decided to name the coin SNAP in honor of their original meme character Coco, a crocodile drawn in the style of iconic meme character Pepe the Frog. …

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