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By&nbspRaghav Sawhney

Solana has introduced main retail to varied memecoins by way of the launch of pump.enjoyable. There are a number of token-launches which have gone absolute Nuts!

Meme-coins are loosely outlined as a style of cryptocurrency the place its creators put it up for sale on social media platforms to create preliminary hype and drive up the value. Tokens of those memes can be found to most of the people and anybody who’s enthusiastic in regards to the coin is greater than welcome to carry this enjoyable asset sort.

Let’s discover a number of origin tales the place Solana-based Meme-coin founders took “able to do no matter it takes” too critically:

SLERF

Think about launching a meme coin and unintentionally burning $10 million meant for early traders. That’s what occurred with SLERF, a Solana-based meme coin, in March 2024.

SLERF, a sloth-themed token, surpassed all Ethereum-based exchanges in buying and selling quantity inside a day. The developer’s mistake of burning over $10 million from the presale induced a frenzy, however the worth of SLERF soared from 3 cents to $1.4. In its first 24 hours, SLERF’s buying and selling quantity hit $2.7 billion, with 800,000 trades from 130,000 merchants, reaching a market cap of $650 million at its peak​.

The Solana group and exchanges like HTX and Bitget rallied to assist affected presale contributors, elevating over $450,000 in donations​. This sudden twist made SLERF a “blue-chip meme,” with its buying and selling quantity and market cap persevering with to rise.

The catastrophe highlighted the undertaking’s equity: no presale allocation to dump on traders, and burnt LP tokens ensured it wasn’t a rug pull. SLERF turned an epic fail into a large success, cementing its place in meme coin historical past.

DARE

The story of the Solana-based meme coin “Reality or Dare” (DARE) is as dramatic because it will get within the crypto world. Its creator, Mikol, took the concept of daring to an excessive stage that ended disastrously.

“Reality or Dare” (DARE) gained notoriety in Might 2024 attributable to an excessive promotional stunt by its developer, Mikol. Throughout a livestream, Mikol doused himself in isopropyl alcohol and had fireworks directed at him, leading to third-degree burns over 35% of his physique. Regardless of the severity of his accidents, Mikol reassured his group from his hospital mattress that he was recovering and dedicated to persevering with the undertaking.

DARE launched at a modest worth of $0.000-1 and noticed a dramatic enhance in worth following the incident, reaching a peak worth of $0.0015, marking a 14000% enhance. The token’s market cap at its peak was roughly $2,650,000. The stunt, though disastrous, sarcastically succeeded in boosting the DARE token’s reputation and funding curiosity.

The crypto group reacted with blended emotions to the incident. Whereas some praised Mikol’s dedication, others criticised the harmful advertising and marketing ways. The token’s worth surged quickly as a result of elevated consideration, and Mikol’s group has proven assist by contributing to his medical remedy and persevering with to again the undertaking

Mikol’s harmful act highlights the dangers related to excessive advertising and marketing ways within the crypto world. Regardless of the controversy, the DARE group has proven assist by contributing in the direction of Mikol’s medical remedy and persevering with to again the undertaking​.

FADELIVE

The Solana-based meme coin “FADE” gained consideration in Might 2024 attributable to a promotional stunt that went awry. The creators organized a live-streamed boxing match between two fighters to advertise their token, aiming to succeed in a $69,000 market cap and probably get listed on the Solana DEX, Raydium. Sadly, throughout the occasion, one fighter misplaced a tooth, and the combat needed to be paused for medical consideration.

Regardless of the setback, the FADE token managed to hit a market cap of $30,000 throughout the occasion, and it gained a featured spot on Pump. The incident induced a brief dip within the token’s worth, however there may be hypothesis a couple of rematch because the concerned accounts stay lively, although no official information has confirmed this but.

At the moment, FADE’s market cap has fluctuated, reflecting the risky nature of meme cash. At its peak, FADE achieved a major market cap enhance, but it surely stays to be seen if the hype might be sustained in the long term. This incident highlights the lengths some builders will go to in selling their tokens inside the aggressive meme coin area on Solana.

LIVEMOM

The LIVEMOM token turned notorious attributable to a livestream stunt the place a youngster and his mother promised to point out her breasts if the token’s market cap reached $300,000. 

The stunt rapidly gained reputation, attracting over 1,500 viewers. Because the market cap approached the goal, the stream abruptly ended, with the son claiming battery points. This induced the token’s market cap to plummet to round $120,000 inside the subsequent 5 minutes.

The duo shortly launched a brand new token, LIVEMOM2 on a recent stream, but it surely rapidly fell to zero, and all associated social media accounts had been deleted. Regardless of this, the unique LIVEMOM token skilled a community-driven resurgence, with its market cap reaching $3 million at one level earlier than stabilising round $1 million. The group has since taken over the undertaking, creating a brand new web site and sustaining lively discussions​

HANDS

The HANDS token story is a basic instance of a rug pull gone viral for its audacity. The pseudonymous developer “NoHandsNoRug” streamed himself on Twitch, claiming he couldn’t rug pull the undertaking as a result of he had no arms, exhibiting a chunk of paper tucked below his chin to bolster his declare. 

Nonetheless, simply three minutes into the stream, he revealed his arms from behind his again and pulled all of the liquidity from the undertaking, ending the stream abruptly and leaving traders empty-handed! The developer made away with about 7 SOL, value just a little over $1,000 on the time​.

Regardless of the preliminary rug pull, the HANDS token caught the eye of the crypto group. Inside a day, 4 nameless people initiated a ‘group takeover’, creating a brand new Twitter and Telegram account, and growing a web site for the token. The token noticed roughly $552,000 in buying and selling quantity, however its market cap dropped to round $16,000 shortly after the takeover​

The group’s efforts to revive the token concerned burning liquidity to stop additional rug pulls, though one nameless dealer nonetheless held a couple of third of all the token provide, posing a possible danger for future manipulation.

LIVESIS

The LIVESIS token, a clone undertaking of LIVEMOM, gained notoriety for its express promotional technique. The creator promised that after the token’s market cap reached $100,000, his sister would take off her bra. 

This stunt attracted important consideration and, upon reaching the goal, the sister did go topless. Nonetheless, many speculated that the sister was truly a person.

Following this reveal, the creator dumped his whole holding whereas enjoying “Pump it Up” within the background, inflicting the market cap to plummet quickly. Though the preliminary stunt noticed the token hitting its aim, the rug pull led to the market cap dropping to just about zero shortly after​.

Regardless of this, the token had moments of serious buying and selling quantity, with round $552,000 recorded. Nonetheless, the market cap ultimately stabilised at roughly $16,000, and the creator’s actions left many traders disillusioned and empty-handed​.

This text has been written taking inspiration from @starplatinumSOL ‘s thread on twitter.

Raghav Sawhney

Raghav is a major contributer who makes use of his information, abilities and expertise in the direction of improvement & development of the organisation in an environment friendly and efficient method.