Kero, an NFT artist, has gathered over $10 million in investments for a new Solana-based memecoin, SNAP. This fundraising effort came in under 24 hours, leveraging the power of social media to engage a broad audience. Kero’s decision to initiate a coin on Solana was backed by a poll on X, where 5,000 participants encouraged the launch.
The call to action involved posting a wallet address that quickly attracted nearly 55,000 SOL, equivalent to approximately $10.4 million. The memecoin, named SNAP in tribute to Kero’s original meme character Coco, a crocodile, echoes the iconic Pepe the Frog in style. This character is featured in Kero’s digital artwork, which blends famous art, memes, and internet culture.
Community Response and Contributions
Analysis by The Block, using data from Solscan, highlights the community’s enthusiasm, with contributions mainly in small amounts. The median donation stood at 1 SOL, showing a near doubling in value following Solana’s recent market performance.
While the official launch date for SNAP remains under wraps, Kero emphasizes caution, aiming for a post-21:00 UTC launch on Sunday. This strategy ensures the project’s integrity, given its rapid development and substantial scale.
