A non-fungible token (NFT) artist known as Kero made headlines in the cryptocurrency world by raising over $10 million in Solana (SOL) within a day during the presale of a meme coin created for fun.

Kero initiated the presale after conducting a poll on social media to determine whether they should launch a coin on Solana as a celebratory gesture for joining the network. The poll received overwhelming support, prompting Kero to launch the presale, which quickly accumulated over 55,000 SOL, equivalent to $10.4 million.

The newly launched coin, named SNAP after one of Kero’s meme characters, Coco, officially went live on March 16 and is already listed on various exchanges, including CoinW.

Despite being an NFT artist, Kero’s experience in issuing tokens is limited, making the investment in SNAP somewhat uncertain. While some contributors claim to have received tokens worth $17,000, the meme coin is still in its early stages, with volatile market liquidity.

As of now, SNAP is trading at $0.00004256, marking a 52.5% drop from its initial price. It has become the 30th most traded cryptocurrency with a trading volume exceeding $679 million and a market capitalization of $70.24 million, ranking it at #2,374 on CoinMarketCap’s digital asset list.

Kero’s overnight success from an NFT artist to a token millionaire has generated significant attention in the crypto community, prompting others to consider launching their own meme coins. The overwhelming response to the SNAP presale highlights the increasing interest in meme coins and their potential for rapid value appreciation through social media hype.

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