Solana

The Indonesian college student who earned a million dollars selling nonfungible tokens (NFTs) of his selfies in 2022 has made a comeback, raising $1.8 million in a memecoin presale.
In January 2022, Sultan Gustaf Al Ghozali minted NFTs with photos of himself that he took every day for five years. The collection, called “Ghozali Everyday,” <a href="https://cointelegraph.com/news/22-year-old-indonesian-boy-makes-1m-by-selling-nft-selfies-on-opensea">gained support from crypto community</a> members, netting Ghozali, who was still a student, over $1 million.
When Ghozali graduated from college in 2023, he posted on X that he would finally stop taking selfies. He said he was lucky to have made money from the “stupidest idea” he came up with. 
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-03/9431b954-6378-4813-96ea-3639b8759687.jpg" alt="" title="">
 <figcaption style="text-align: center;">
 Source: <a href="https://twitter.com/Ghozali_Ghozalu/status/1694679286182293848" target="_blank" rel="noopener nofollow">Ghozali</a>
 </figcaption>
</figure>
After disappearing from X for months, Ghozali reappeared as interest in memecoins surged. On March 24, he announced the second iteration of Ghozali Everyday — a memecoin and NFT hybrid project on the Base blockchain. 
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-03/ff465a72-3b54-400a-a6f3-2aa7a27ecb04.jpg" alt="" title="">
 <figcaption style="text-align: center;">
 Ghozali’s memecoin presale address. Source: Etherscan
 </figcaption>
</figure>
Since its launch, Ghozali’s presale has surpassed its 400 Ether (<a href="https://cointelegraph.com/ethereum-price">ETH</a>) cap. At the time of writing, the presale address <a href="https://etherscan.io/address/0x4553555f6a451EC415f698A524B5e02E38acFB6C" target="_blank" rel="noopener nofollow">reached</a> 527 ETH, around $1.8 million. 
However, Ghozali wrote on X that he would <a href="https://twitter.com/Ghozali_Ghozalu/status/1771724578005340402" target="_blank" rel="noopener nofollow">refund</a> those who sent more ETH after the cap was reached. 
Amid the Bitcoin (<a href="https://cointelegraph.com/bitcoin-price">BTC</a>) uptick, interest in memecoins has resurfaced, driven mainly by Solana traders. Data showed that presale projects on Solana <a href="https://cointelegraph.com/news/solana-memecoin-presales-hit-peak-degeneracy-over-one-hundred-million">raised $100 million in just three days</a>&nbsp;from March 15 to 18. 
Community members described the Solana memecoin frenzy as “peak degeneracy,” with users blindly sending Solana (<a href="https://cointelegraph.com/solana-price-index">SOL</a>) tokens to founders announcing “presales” without any guarantee that they would get any tokens back. 
Related: <a href="https://cointelegraph.com/news/trader-fumbles-1-million-solana-memecoin-frenzy">Trader fumbles $1M bag after selling a Solana memecoin early</a>
In addition to the Solana network, the total value locked (TVL) in crypto exchange Coinbase’s layer-2 network, Base, has doubled as investors eye the blockchain as the <a href="https://cointelegraph.com/news/coinbase-network-base-tvl-doubles-month-memecoins-drive-adoption">next epicenter for memecoins</a>. 
On March 23, Base’s TVL reached $2.13 billion. Some industry pundits believe that after Solana’s meme season, the attention might slowly shift to Base, and there could be potential crazy runs in the layer-2 network. 
However, on March 14, asset manager Franklin Templeton published an investor note warning that memecoins have “no inherent value or utility.” 
Despite this, the asset manager recognized that meme-based tokens <a href="https://cointelegraph.com/news/franklin-templeton-publishes-memecoins-investor-note">have the potential</a> to give investors fast gains. 
Magazine: <a href="https://cointelegraph.com/magazine/bitcoin-etf-coinbase-honeypot-hackers-government-trezor-ceo/">Bitcoin ETFs make Coinbase a ‘honeypot’ for hackers and governments: Trezor CEO</a>

Indonesian NFT ‘selfie guy’ makes $1.8M in memecoin comeback

Cointelegraph

Các bài viết khác được xuất bản trên 25 thg 3, 2024

ICP Coin Price Surge: What’s Driving the Increase?

Bitcoin Exchange OKX Announced That It Will List This Altcoin On Its Futures Platform!

ICB Network is Set to Write a New Chapter in Blockchain History

Bitcoin vs Altcoins: The battle for dominance rages on, who will prevail?

ProfitRocket AI Announces Relaunch, Presale, and Airdrop Following An Epic Overhaul

Bitcoin Holders Show Reluctance to Sell Despite Record Highs

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!