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Tag: Memecoin presales

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Memecoin presales hit ‘peak degeneracy’ with over $100M raised in 3 days

Solana memecoin projects have raised more than $100 million by way of a controversial fundraising model known as “presales” in the last three days. The crypto community has started to warn of “peak degeneracy,” with memecoin founders raking in millions worth of Solana  through token presales in the last 72 hours alone. As of the time…
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