Solana AI Initiative Quickly Gathers $33 Million in Funding

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Key Takeaways

An unnamed AI-driven project on the Solana blockchain quickly attracted over $33 million in Solana tokens during a presale period lasting less than an hour.
The decision to offer a bonus ratio of tokens for early participation significantly accelerated the influx of investments.
The presale’s success, prompting a request to halt token contributions, underscores the strong interest among investors in emerging technologies.

An anonymous AI-driven project on the Solana blockchain quickly garnered over $33 million in Solana (SOL) tokens during its presale, all within a strikingly brief timeframe of less than an hour.

@dexter_cap announced this project in an X post, unveiling a 24-hour presale event for early investors.

Dexter didn’t provide many details about the project, which sparked intense curiosity and speculation.

This strategic ambiguity, however, did not deter investors; within just 50 minutes of the announcement, the project’s presale address had received a staggering 159,300 SOL, equivalent to over $33 million at the time of receipt.

The influx of funds was propelled by the fact that investors were offered a bonus ratio of tokens for participating early within the 24-hour window, thereby rewarding those who contributed quicker a greater number of tokens for each SOL invested.

The fundraising was capped at $30 million, and Dexter asked people to stop sending tokens once the goal was reached.

The remarkable presale success of this project not only highlights the significant investor appetite for innovative technologies but also reflects broader market dynamics characterized by speculative optimism.

Solana enthusiasts have also recently raised $702,000 in donations to project the Solana-based memecoin Dogwifhat (WIF) onto the Las Vegas sphere.

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.


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