• Solana co-founder Anatoly Yakovenko urged the community to stop meme coin presales.
• Yakovenko’s statement comes amid the rise of fraudulent meme coin presales via the Solana network.
• Investigation shows that 655K SOL tokens worth over $122 million have been lost to fraud presales.

Anatoly Yakovenko, one of the founders of the Solana Blockchain, has expressed apprehension about the recent trend of meme coin presales on the Solana network. He particularly urged the community to halt such endeavors. 

Yakovenko made the statement in a recent post on X amid the revelation of the staggering amount of SOL tokens that have been fraudulently siphoned through sham meme coin presales. “Stop doing this,” the Solana founder declared.

Solana meme coins have recently garnered considerable attention within the crypto community as several like BONK, BOME, and WIF have emerged as top performers. Meanwhile, malicious individuals have exploited this trend to deceive unsuspecting market participants eager to capitalize on the Solana meme coin craze.

As reported recently, fraudsters have…

The post Solana Founder Wants Meme Coin Presales To End: Here’s Why appeared first on Coin Edition.

• Solana co-founder Anatoly Yakovenko urged the community to stop meme coin presales.
• Yakovenko’s statement comes amid the rise of fraudulent meme coin presales via the Solana network.
• Investigation shows that 655K SOL tokens worth over $122 million have been lost to fraud presales.

Anatoly Yakovenko, one of the founders of the Solana Blockchain, has expressed apprehension about the recent trend of meme coin presales on the Solana network. He particularly urged the community to halt such endeavors. 

Yakovenko made the statement in a recent post on X amid the revelation of the staggering amount of SOL tokens that have been fraudulently siphoned through sham meme coin presales. “Stop doing this,” the Solana founder declared.

Solana meme coins have recently garnered considerable attention within the crypto community as several like BONK, BOME, and WIF have emerged as top performers. Meanwhile, malicious individuals have exploited this trend to deceive unsuspecting market participants eager to capitalize on the Solana meme coin craze.

As reported recently, fraudsters have…

The post Solana Founder Wants Meme Coin Presales To End: Here’s Why appeared first on Coin Edition.