Usman Salis
PUNDU, the latest sensation in meme coins, has shattered records by raising nearly $100 million in a lightning-fast presale.
PUNDU Meme Coin's Monumental Presale
DAO Maker has achieved an extraordinary milestone, securing close to $100 million in a presale for the PUNDU meme coin. The overwhelming response within a mere 36 hours underscores the insatiable appetite for high-risk ventures within the crypto market.
Solana and Binance Smart Chain Fuel PUNDU's Triumph
DAO Maker's presale for PUNDU saw an astonishing $97.6 million raised across Binance Smart Chain and Solana, drawing support from over 20,000 users. PUNDU, introduced by the launchpad just days prior, swiftly garnered investor interest, with contributions pouring in exchange for PUNDU allocations using SOL and USDT.
This groundbreaking achievement establishes PUNDU's presale as the largest for a meme coin to date. With the majority of deposits originating from Binance Smart Chain, amassing $60 million, the Solana presale also saw remarkable activity. Surpassing its 33,333 SOL hard cap, the Solana address received 212,404 SOL, equivalent to $37.6 million, showcasing the fervent interest in meme coins within the Solana ecosystem.
Fair Distribution and Roadmap
As PUNDU awaits its launch date, the meme coin pledges a fair rollout, with 40% of tokens allocated for the presale, another 40% for liquidity pools, and the remaining 20% divided equally between marketing efforts and long-term exchange listings.
Crypto investigator ZachXBT highlights that Solana presales have collectively raised more than 796,000 SOL, approximately $149.20 million, prompting Anatoly Yakovenko, Co-Founder of Solana Labs, to urge investors to refrain from further SOL presales, describing the frenzy as a bizarre phenomenon driven by those "terminally online" with little else to occupy their time.
The Dark Side of Meme Coins
The proliferation of meme coins has unfortunately led to the emergence of racist tokens, featuring offensive names, symbols, and imagery, including racial slurs, anti-Semitic references, and Nazi imagery. Such developments underscore the need for vigilance and responsible investment practices within the crypto space.
Conclusion
PUNDU's monumental presale success signals a growing trend of investor enthusiasm for meme coins, albeit accompanied by concerns regarding oversaturation and the emergence of illicit projects. As the crypto market continues to evolve, stakeholders must navigate these challenges while fostering innovation and responsible investment practices.
Usman Salis
