The Solana ecosystem has experienced a massive wave of meme coin presales promoted via X (formerly Twitter). These ICOs commonly asked investors to directly send SOL to public wallet addresses, promising future token drops or ecosystem utilities, often referred as “PRESALE”.
While some projects rewarded early participants generously, many others raised millions of dollars in SOL and either abandoned the project or delivered far below expectations.
Goal of This Research: Provide an in-depth investigation of notable X-promoted Solana ICOs, including fund tracking via Arkham Intelligence team transparency, and the financial impact on retail investors.
According to on-chain investigator ZachXBT (View Tweet)
“Only 1 month has passed and 12 of the Solana presale meme coins have been completely abandoned after raising >180,650 SOL (~$26.7M).”
These abandoned launches raise critical questions about transparency, accountability, and risk in the new era of social media-driven DeFi fundraising.
| Coin | Amount Raised | ROI | Project Owner |
|---|---|---|---|
| $BOME | ~ $1.5 Million | Positive ROI up to 1000x | @Darkfarms1 |
| $SMOLE | ~ $30 Million | Negative ROI up to 90% | @0xDekadente |
| $GM | ~ $30 Million | Negative ROI up to 95% for some | @dexter_cap |
| $SLERF | ~ $10.8 Million | Negative ROI up to 100% for some | @slerfsol |
| $PAIN | ~ $40 Million | Positive ROI up to 50x | @pain |
🔗 Detailed Case Analysis:
