The crypto community's presale boom has been warned by leading projects, market makers, and others in the industry.

The crypto community's presale boom has been warned by leading projects, market makers, and others in the industry.

Solana co-founder Anatoly Yakovenko said, "I wish this would stop," citing statistics showing that Solana (SOL) related token presales raised 65.5 million SOL ($122 million). Recently, there have been a number of SOL-based meme coin token pre-sales organized by communities like X. The top three SOL-related token pre-sales are Smole, Dexter, and SLERF.

blockchain crypto cryptocurrency warned crypto freesale by leaders (SpotedCrypto)

Meanwhile, Andrei Grachev, co-founder of crypto market maker DWF Labs, recently issued a warning about crypto presales popping up in communities such as X. He said: "The phrase "transfer crypto to a specific address for a presale" reminds me of the ICO boom of 2017. It's what happens when a lot of people get rich by accident, and investors get caught up in FOMO, the fear of being the only one left behind in the market. It's important to remember that (when someone makes a profit) it's because someone made a bad decision," he added. Meanwhile, a recent pre-sale for a new Solana-based AI project by on-chain detective Dexter raised 159,300 SOL.