Summary
TLDR: Members of the Solana community are pushing back against meme coin presales, a dubious practice where traders send millions of dollars to strangers for early access to new coins. Despite risks of scams and legal consequences, over $150 million has been sent to 33 presale addresses in just the last week. Concerns about lasting negative effects and potential SEC intervention have been raised, but the trend continues.
Key Points
1. Some members of the Solana community are pushing back against meme coin presales, which have become a common and risky practice in the crypto space.
2. Despite the lack of accountability in meme coin presales, crypto users have sent almost $150 million to these schemes on Solana in just the last week, with some turning out to be scams.
3. Concerns have been raised about the potential legal ramifications, tax implications, and questionable backgrounds of those involved in meme coin presales on Solana, but the trend continues to attract significant investments.