can we be more honest and take a moment to appreciate the craziness on solana memecoins? I mean, who would have thought that investing in a coin with a cute animal or a funny picture could potentially make you some serious money? It's like the doge coin explosion all over again, but this time, it's happening on the Solana blockchain. And one meme coin that's been making headlines recently is none other than $SNAP.

Now, $SNAP is not your ordinary meme coin - it's a crocodile meme, to be exact. Created by the talented artist Kero, who is quite renowned in the Solana community, this little reptile has taken the crypto world by storm. In fact, it managed to raise a whopping 50,000 SOL, which is no easy feat. I mean, breaking the internet seems to be a piece of cake for this croc.

What's even more impressive is that $SNAP is following in the footsteps of another promising project called BOME. It's like they're forming this awesome meme coin duo that's captivating the hearts and wallets of the Solana community. With such traction and support, it's no wonder that $SNAP has already reached a fully diluted valuation (FDV) of over $250 million. Talk about making a splash!

Speaking of making a splash, Kero managed to raise over $10 million for the presale of this Solana-based memecoin in just one day. Now, that's some serious financial flexing! It goes to show that when it comes to meme coins, people are not afraid to dive in headfirst.

So, let's do a quick rundown of $SNAP's current status. According to CMC, it boasts a market cap of 132 million and a liquidity pool of 49 million. That's quite impressive for a coin that has been launched only a few hours ago. It's like the crypto world is saying, "Hey, we believe in you, crocodile meme. Take us to the moon!"

Another one coming on board on bitget exchange is $IQ50 which is also going to get hyped, but hey let's not get too caught up in the hype and become a liquidity. Meme coins can be incredibly volatile and unpredictable. You know how the saying goes, "What goes up, must come down."