Summary
TLDR: In the crypto market, raising millions of dollars for a project can be done with just a simple post on social media, without the need for a working product or a detailed plan. This has been seen with presales for Solana’s SOL token.
Key Points
1. Raising millions of dollars in the crypto market may not necessarily require a working product, a white paper, a long-term plan, or even a meme picture.
2. Simply posting about a presale on a platform like X can attract significant amounts of investment in cryptocurrencies like Solana’s SOL token.
3. The ease with which large amounts of funding can be raised in the crypto market highlights the importance of conducting thorough due diligence before investing in any project or token.