Solana Transactions Soar, Investors Buy New SNAP Tokens!

SNAP transactions jumped even though they were still pre-sale. (Photo; Doc. Solscan)

JAKARTA - The crypto market was shocked again by a large transaction on the Solana (SOL) address, which received a transfer of more than 53 million SOL in just four hours. This event comes after Kero di The transfer value reached more than $9.6 million (around IDR 149.65 billion).

Reporting from Cryptobriefing, Kero, who asks for a minimum of 1 SOL from participants, shares his wallet address to collect SOL and as a condition for receiving SNAP. This offer was limited to 50 million SOL, but that amount was exceeded. Kero plans to return funds to senders who did not receive tokens after the pre-sale event.

However, the certainty of the refund is still a question mark, considering that the SOL sent is not stored in a smart contract, but is directly in the Kero wallet. This raises speculation and concerns about potential fraud.

This risky meme coin pre-sale phenomenon has become popular since the success of the Book of Meme (BOME) token, which was launched on March 12. Darkfarms on X, another user, claims that participants will receive a BOME allocation proportional to the amount of SOL sent.

After the distribution of BOME, the price soared by 400% since the launch of the token pre-sale. This helped increase BOME's popularity significantly. One participant even managed to sell his assets purchased with 50 SOL for 767 SOL in just 14 hours, according to data from crypto analytics platform Lookonchain.

BOME's unexpected success and success in gaining popularity among the crypto community has brought the token to leading crypto exchanges such as Gate.io, KuCoin, and MEXC, as well as other crypto exchanges.