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.

I want to introduce you to
“COCO”

After Mumu,Bobo,Dodo,Pepe you see where i got the name from . I thought there must be a meme that fits for web 3 and nobody did it before.
Then it occurred to me a crocodile is just the thing the ultimate predatorsnaps, he snaps, flips and… pic.twitter.com/NDGqNKSTeP

— Kero 🐸🦇🔊 (@KeroNFTs) July 19, 2023

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.

The coin will not be released before Sunday 21:00 UTC, due to the size and fast development we want to make sure we don’t make any mistakes.

Official Contract:
4G86CMxGsMdLETrYnavMFKPhQzKTvDBYGMRAdVtr72nu

Everything will be double and triple checked to make sure everyone gets… pic.twitter.com/D7wF57IpdO

— Kero 🐸🦇🔊 (@KeroNFTs) March 16, 2024

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.

Also Read: The Iconic Dogwifhat Image Enters the NFT Arena

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