{"id":73825,"date":"2024-03-18T11:03:27","date_gmt":"2024-03-18T15:03:27","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=73825"},"modified":"2024-03-18T11:03:30","modified_gmt":"2024-03-18T15:03:30","slug":"presale-address-for-unnamed-ai-project-amasses-33m-sol","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/presale-address-for-unnamed-ai-project-amasses-33m-sol\/","title":{"rendered":"Presale Address for Unnamed AI Project Amasses $33M SOL"},"content":{"rendered":"\n

In less than an hour, an early presale address for an unnamed artificial intelligence (AI) -focused project<\/a> on Solana amassed more than $33 million worth of Solana's (SOL) tokens.<\/p>\n\n\n\n

\"Presale
Presale Address for Unnamed AI Project Amasses $33M SOL <\/figcaption><\/figure>\n\n\n\n

With a 24-hour early investor window, on-chain investigator Dexter published the presale information for the unnamed AI project on X on March 18. The user expressed that this endeavor would be “our most ambitious undertaking to date” without providing further details regarding the protocol.<\/p>\n\n\n\n

On-chain data indicates that the wallet address received 159,300 SOL\u2014valuable at over $33 million at the time of publication\u2014within fifty minutes of the X post going live, despite the absence of information regarding the project.<\/p>\n\n\n\n

The limited 24-hour window of the presale, according to Dexter's X post, contributed in part to the high level of investment:<\/p>\n\n\n\n

\u201cThere is an early participation ratio bonus. The earlier you participate within the 24-hour window, the more tokens you will receive per SOL sent.\u201d<\/em><\/p>\n\n\n\n

The enigmatic presale occurs when investor avarice is at its peak. Comparative.me data indicates that the Crypto Fear and Greed Index <\/a>has decreased marginally from its apex of 90 in February to its current value of 77, which means “extreme greed” among investors.<\/p>\n\n\n\n

\"\"
Crypto Fear and Greed Index. Souce:\u00a0Alternative.me<\/figcaption><\/figure>\n\n\n\n

Will Solana Displace Ethereum?<\/h2>\n\n\n\n

Investor interest in the Solana blockchain has increased, reviving its reputation as a possible “Ethereum killer.”<\/p>\n\n\n\n

On March 17, Ethereum generated approximately $14 million in fees, whereas Solana generated roughly $4 million. The revenue disparity continues to diminish, from a seventeenfold difference of $7 million on Ethereum a month ago to a mere $300,000 on Solana, as reported in an X post dated March 18 by “Mert | helius.dev,” the CEO of Helius:<\/p>\n\n\n\n

“Although everyone is currently overpaying for Solana fees, I can envision a scenario in which the sheer volume of Solana fee revenue combined with high-value state hotspots (memecoins lol) causes Ethereum to reverse course.”<\/p>\n\n\n\n

\u201cGranted everyone is overpaying for Solana fees atm \u2014 but I could see a path where Solana fee revenue flips Ethereum due to the sheer volume combined with high-value state hotspots (memecoins lol).\u201d<\/em><\/p>\n\n\n\n

\"\"
Ethereum and Solana Fees. Source:\u00a0\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>Mert | helius.dev<\/use><\/svg><\/span><\/a><\/figcaption><\/figure>\n\n\n\n

Solana is garnering greater investor interest due to the ongoing memecoin mania. In the three days before March 18, presales for memecoins based on Solana generated more than $100 million worth of SOL.<\/p>\n\n\n\n

Using a contentious presale model, numerous Solana-based memecoins, including Book of Meme<\/a> (BOME), Nap (NAP), and Nostalgia (NOS), have raised funds for unreleased coins.<\/p>\n","protected":false},"excerpt":{"rendered":"

In less than an hour, an early presale address for an unnamed artificial intelligence (AI) -focused project on Solana amassed more than $33 million worth of Solana’s (SOL) tokens. With a 24-hour early investor window, on-chain investigator Dexter published the presale information for the unnamed AI project on X on March 18. The user expressed […]<\/p>\n","protected":false},"author":1,"featured_media":73833,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[81],"tags":[5608,18827,18828,275],"class_list":["post-73825","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin-news","tag-sol-2","tag-ai-project","tag-presale-address","tag-solana"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/03\/image-63.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/73825","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=73825"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/73825\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/73833"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=73825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=73825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=73825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}