The projects collected about $26.7 million in SOL, underscoring concerns that the memecoin boom has encouraged short-term fundraising with little follow-through.
Twelve Solana presale memecoin projects were abandoned after raising a combined 180,000 SOL, worth about $26.7 million. The tally highlights growing scrutiny of presale fundraising on Solana, where memecoin launches have attracted rapid community backing but have also raised concerns about projects failing to deliver after collecting funds. The post frames the broader issue as whether crypto communities can withstand the short-term mindset created by the memecoin cycle.