BOME brings about the wave of entrepreneurship in Solana! KOL collective warning: be careful of being cut and pay attention to the risks

This site (120bTC.coM): Recently, Solana’s currency price has risen and the on-chain ecology has shown strong development momentum. The explosion of on-chain transaction volume is mainly due to this. Solana ecological meme coins BOME and POGAI have become popular in the past two days. It is worth mentioning that BOME has also become the fastest meme coin to be launched on Binance so far. It only took three days to complete the listing of contract and spot transactions. .

Is it too easy to start a SOL chain business?

On March 13, Darkfarms launched BOME’s pre-sale activity. Participants only need to send SOL to the designated Solana address to participate. This presale does not set a fixed price, but instead distributes tokens based on the proportion of SOL donated by each person.

It is worth noting that the progress of the pre-sale far exceeded Darkfarms’ expectations. The original fundraising expectation was only 500-600 SOL, so he opened a community vote and let the participants decide how to allocate the pre-sale funds. In the end, a total of 10,131 SOL was raised, equivalent to easily raising 1.85 million US dollars, which subsequently caused many meme projects to imitate BOME and conduct pre-sales in the same way.

Among them, POGAI, the Chinese meme currency that became a hit last year, also announced the opening of pre-sales on Solana and received 10,000 SOLs in just a few hours. Compared with traditional financing methods, this This is a very quick way to raise funds.

However, not every meme coin on the SOL chain can continue its upward trend like BOME. Yesterday (17th), the new meme coin SORRY also successfully raised about 13,000 SOL. At the opening, The issuer also added all the SOL raised to the liquidity pool. Unexpectedly, it led to an asymmetry between market liquidity and fixed value (FVD), and investors participating in private placements suffered losses of up to 50%...

BTCdayu shares his views

He specifically warned that special attention should be paid to projects that use "locking pools" because behind this strategy, the issuer may be involved Lock funds in the liquidity pool to artificially control currency prices. Furthermore, there may also be a hidden risk of being suddenly sold off by the project side (i.e., "rattling").

More than one KOL jumped out to warn, @BTW0205 also reminded investors that there will be more and more projects raising hundreds of thousands of SOL in the market, but we must be careful not to invest blindly, emphasizing that " The importance of "risk assessment" and "background investigation" to distinguish which projects are worthy of investment and which are imitations or potential "harvesters". He reminded investors to stay vigilant and not to lose the SOL they have worked so hard to accumulate.

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