Digital Artist Kero Raises Over $10 Million in a Day with New Solana Coin

In a surprising twist in the cryptocurrency scene, an NFT artist named Kero has raised over $10 million in just one day from a memecoin presale on the Solana blockchain.

Despite being relatively unknown, Kero managed this feat after engaging with followers on X, a social media platform, about starting a Solana-based coin to mark their entry into the network.

The positive response from a poll with 5,000 votes led Kero to initiate the presale by sharing a wallet address, which quickly attracted nearly 55,000 SOL, or about $10.4 million.

Kero named the new coin SNAP, in honor of their meme character Coco, a crocodile that takes inspiration from the iconic Pepe the Frog meme. Coco has been central to Kero’s NFT work, which includes digital trading cards influenced by famous art, memes, and internet culture.

Blockchain data analysis revealed that the fundraiser attracted a wide range of contributions. The median donation was 1 SOL, with an average around 3.5 SOL, showing support came from both small and large investors. This comes as Solana's price has significantly increased recently.

The crypto community on X was stunned by the success of the SNAP presale, with many expressing disbelief at how Kero, an almost unknown artist, could raise such a large sum by merely posting a wallet address online.

Kero has decided to delay the coin’s launch to ensure no mistakes are made, given the rapid and large-scale nature of the presale. The launch is scheduled for after 21:00 UTC on a Sunday, demonstrating Kero’s cautious approach to this unexpected success.

This story not only highlights Kero's rise in the NFT space but also marks a notable moment in the evolving dynamics of cryptocurrency fundraising.