Blockchain

Some of The Craziest Stories Behind Solana’s Meme Coins

By&nbspRaghav Sawhney

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

Meme-coins are loosely outlined as a style of cryptocurrency the place its creators put it on the market on social media platforms to create preliminary hype and drive up the worth. Tokens of these 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 kind.

Let’s discover a couple of origin tales the place Solana-based Meme-coin founders took “ready to do whatever it takes” too significantly:

SLERF

Think about launching a meme coin and unintentionally burning $10 million meant for early buyers. 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 neighborhood and exchanges like HTX and Bitget rallied to assist affected presale contributors, elevating over $450,000 in donations​. This surprising 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 buyers, and burnt LP tokens ensured it wasn’t a rug pull. SLERF turned an epic fail into an enormous success, cementing its place in meme coin historical past.

DARE

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

“Truth or Dare” (DARE) gained notoriety in Could 2024 resulting from 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 neighborhood 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 improve in worth following the incident, reaching a peak worth of $0.0015, marking a 14000% improve. The token’s market cap at its peak was roughly $2,650,000. The stunt, though disastrous, satirically succeeded in boosting the DARE token’s reputation and funding curiosity.

The crypto neighborhood reacted with blended emotions to the incident. Whereas some praised Mikol’s dedication, others criticised the damaging advertising ways. The token’s worth surged quickly because of the elevated consideration, and Mikol’s neighborhood 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 ways within the crypto world. Regardless of the controversy, the DARE neighborhood has proven assist by contributing in direction of Mikol’s medical remedy and persevering with to again the undertaking​.

FADELIVE

The Solana-based meme coin “FADE” gained consideration in Could 2024 resulting from 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 doubtlessly get listed on the Solana DEX, Raydium. Sadly, through 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 through the occasion, and it gained a featured spot on Pump. The incident induced a brief dip within the token’s worth, however there’s hypothesis a few 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 big market cap improve, 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 throughout the aggressive meme coin area on Solana.

LIVEMOM

The LIVEMOM token grew to become notorious resulting from a livestream stunt the place a young person and his mother promised to point out her breasts if the token’s market cap reached $300,000. 

The stunt shortly 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 throughout the subsequent 5 minutes.


The duo shortly launched a brand new token, LIVEMOM2 on a recent stream, but it surely shortly fell to zero, and all associated social media accounts have 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 neighborhood has since taken over the undertaking, creating a brand new web site and sustaining lively discussions​

HANDS

The HANDS token story is a traditional 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 palms, displaying a bit of paper tucked underneath his chin to bolster his declare. 

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

Regardless of the preliminary rug pull, the HANDS token caught the eye of the crypto neighborhood. Inside a day, 4 nameless people initiated a ‘community takeover’, creating a brand new Twitter and Telegram account, and creating an internet 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 neighborhood’s efforts to revive the token concerned burning liquidity to forestall additional rug pulls, though one nameless dealer nonetheless held a few third of the complete token provide, posing a possible threat for future manipulation.

LIVESIS

The LIVESIS token, a clone undertaking of LIVEMOM, gained notoriety for its specific 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 vital consideration and, upon reaching the goal, the sister did go topless. Nevertheless, many speculated that the sister was truly a person.

Following this reveal, the creator dumped his total holding whereas taking part in “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 almost zero shortly after​.

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

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

Raghav Sawhney

Raghav is a big contributer who makes use of his data, expertise and expertise in direction of growth & progress of the organisation in an environment friendly and efficient method.

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