Summary
DAO Maker raised nearly $100 million in a presale for the PUNDU meme coin in just 36 hours, showing a strong interest in high-risk ventures in the crypto market. The success on both Binance Smart Chain and Solana reflects the demand for meme coins on these platforms, with PUNDU being the largest presale for a meme coin. However, the oversubscription led to refunds for some contributors. Solana presales have raised over $149 million, prompting warnings from Solana Labs Co-Founder about sending funds to such projects. The article also mentions the emergence of racist tokens in the meme coin frenzy.
Key Points
1. DAO Maker raised nearly $100 million in a presale for the PUNDU meme coin, reflecting a strong demand for high-risk ventures in the crypto market.
2. PUNDU’s presale on Solana and Binance Smart Chain attracted over 20,000 users, making it the largest presale for a meme coin.
3. The frenzy surrounding meme coins has led to the emergence of racist tokens with offensive names, symbols, and imagery, prompting warnings from industry figures like Solana Labs Co-Founder Anatoly Yakovenko.