The presale meme coin trend on Solana shows no signs of stopping, and recently the Solana co-founder had to speak out and warn about this phenomenon

Against the backdrop of a wave of meme coins on Solana that swept hundreds of millions of dollars in capital inflows, Solana Labs co-founder Anatoly Yakovenko sounded the alarm due to the presale frenzy: "Stop doing this"
Anatoly cites impressive statistics statistic that the meme coin project raised a lot of money during Solana's presale phase. At the top of the list was the 0xDekadente account, which raised 169,982 SOL, which is equivalent to $30.5 million; And even the smallest project, NftRamo, managed to raise $165,060.
As of March 12, the entire platform has witnessed 33 pre-sales with a total funding of more than $150 million, with a large inflow into the Memecoin project.
Although the pre-sale model is gaining traction, it is still a high-risk form of investment. Funds are sent directly to the wallet and are not verified through a smart contract, providing no protection. In addition, this craze has also overloaded the Solana network, making transactions difficult.
That's why the Solana co-founders had to speak out and warn users about the potential risks.
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