The pre-sale project on Solana raised US$25 million, but more than 50% of hot projects were abandoned

Golden Finance reported that the pre-sale of memecoin on Solana attracted investors to invest more than $25 million in the past month. However, more than 50% of hot projects were abandoned, and some of them never even issued tokens. Solana co-founder Anatoly Yakovenko remains negative about the phenomenon. At the time, Yakovenko urged users to stop investing in the memecoin presale, later sharing an image of the top 22 projects that had raised over $100 million. Of the 22 projects, ZachXBT revealed that 12 of them had been abandoned after a month. Abandoned projects include LIKE, MOONKE, FROG, TEMPLE and SORRY, which raised over $2 million. Other projects raised amounts ranging from $1.4 million to $180,000, while X user @Jared_eth raised around $800,000 but did not issue tokens. It’s worth noting that @Jared_eth’s account was listed as compromised by web3 security platform Pocket Universe.