Snorter Meme Coin Raises Over $150K in 24 Hours, Signaling Strong Retail Demand in Solana Meme Coin Presale
Snorter, a new Solana-based meme coin, completed the first 24 hours of its presale (ICO) by raising over $150,000, reflecting considerable retail investor interest and rising momentum for meme coins. The project aims to power a Telegram-native trading bot focused on simplifying meme coin trading through features like rapid swaps, advanced copy-trading, portfolio tracking, multi-chain compatibility, and MEV protection. Early adopters are promised substantial staking rewards—up to 1,746% APY during presale—while SNORT token holders benefit from reduced fees, governance rights, and access to a 25 million token reward pool. The total token supply is 500 million, with 25% dedicated to development. The presale is open to multiple cryptocurrencies, such as SOL, ETH, USDT, and USDC, with bonus incentives tied to certain app-based purchases. While no major exchanges or institutions have participated, the event spotlights the continuing popularity and speculative appetite for meme coins among retail traders, with project developers emphasizing security and real utility. Investors are cautioned to conduct thorough due diligence due to ongoing market volatility.
Bullish
The Snorter meme coin’s successful $150,000+ presale on Solana, strong staking incentives, and significant retail investor participation indicate robust demand and heightened speculative interest in meme coins. This is expected to generate short-term bullish price momentum for SNORT, particularly as the project offers features popular among active traders and leverages the ongoing popularity of Solana’s meme coin ecosystem. The lack of institutional participation may limit upside potential over the longer term, and high volatility should be expected. Nonetheless, the launch adds bullish sentiment to the meme coin sector, especially on Solana, as it signals active retail engagement and appetite for risk.