{"id":74351,"date":"2024-03-25T06:10:10","date_gmt":"2024-03-25T10:10:10","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=74351"},"modified":"2024-03-25T06:12:20","modified_gmt":"2024-03-25T10:12:20","slug":"nft-selfie-guy-amasses-1-8m-in-memecoin-presale","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/nft-selfie-guy-amasses-1-8m-in-memecoin-presale\/","title":{"rendered":"NFT ‘Selfie Guy’ Amasses $1.8M in Memecoin Presale"},"content":{"rendered":"\n

An Indonesian college student who in 2022 amassed $1 million selling nonfungible tokens (NFTs) selfies raised an additional $1.8 million in a recent memecoin presale<\/a>.<\/p>\n\n\n\n

\"NFT
NFT ‘Selfie Guy' Amasses $1.8M in Memecoin Presale<\/figcaption><\/figure>\n\n\n\n

Sultan Gustaf Al Ghozali issued NFTs in January 2022 imprinted with photographs of himself he had taken daily for five years. “Ghozali Everyday,” a compilation garnered backing from cryptocurrency community members<\/a>, collected more than $1 million for the student Ghozali.<\/p>\n\n\n\n

In 2023, Ghozali declared on X that he would cease taking photographs after graduation. He expressed gratitude that he had been successful with the “most bona fide concept” he had generated.<\/p>\n\n\n\n

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Source: X<\/figcaption><\/figure>\n\n\n\n

Ghozali reappeared on X after a months-long absence, coinciding with the surge in interest in memecoins. He declared the release of the second iteration of Ghozali Everyday, a memecoin and NFT hybrid project<\/a> on the Base blockchain, on March 24.<\/p>\n\n\n\n

\"\"
Ghozali\u2019s memecoin presale address. Source:\u00a0Etherscan<\/em>\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a><\/figcaption><\/figure>\n\n\n\n


The Ghozali presale has exceeded its 400 Ether limit since its inception. At the time of writing, the presale address had amassed approximately $1.8 million, or 527 ETH.<\/p>\n\n\n\n

Ghozali wrote on X, however, that those who sent additional ETH after the limit was reached would receive a refund.<\/p>\n\n\n\n

Memecoin interest has reemerged amidst the Bitcoin uptick, primarily due to Solana merchants. According to available data, Solana presale initiatives raised $100 million in just three days, from March 15 to 18.<\/p>\n\n\n\n

The Solana memecoin frenzy has been characterized by community members as “peak degeneracy,” as users indiscriminately transfer Solana tokens to entrepreneurs who declare “presales” without any assurance of token return.<\/p>\n\n\n\n

\"\"
Ghozali\u2019s memecoin presale address. Source:\u00a0Etherscan<\/em>\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a><\/figcaption><\/figure>\n\n\n\n

In addition to the Solana network, the total value locked (TVL) of the layer-2 network Base of the cryptocurrency exchange Coinbase has doubled as investors view the blockchain as the next memecoin epicenter.<\/p>\n\n\n\n

Base Attained $2.13 billion in TVL on March 23. Certain industry analysts opine that following Solana's meme season, gradual attention may transition to Base, potentially leading to irrational surges in the layer-2 network.<\/p>\n\n\n\n

Franklin Templeton, an asset manager, issued a cautionary investor note on March 14, stating that memecoins “have no inherent value or utility.”<\/p>\n\n\n\n

Notwithstanding, the asset manager acknowledged the potential for meme-based tokens<\/a> to generate rapid returns for investors.<\/p>\n","protected":false},"excerpt":{"rendered":"

An Indonesian college student who in 2022 amassed $1 million selling nonfungible tokens (NFTs) selfies raised an additional $1.8 million in a recent memecoin presale. Sultan Gustaf Al Ghozali issued NFTs in January 2022 imprinted with photographs of himself he had taken daily for five years. “Ghozali Everyday,” a compilation garnered backing from cryptocurrency community […]<\/p>\n","protected":false},"author":12,"featured_media":74360,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[18912,18911,470],"class_list":["post-74351","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ghozali","tag-memecoin-presale","tag-nfts"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/03\/image-101.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/74351","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\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=74351"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/74351\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/74360"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=74351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=74351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=74351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}