Solana-based memecoin, Boba Oppa (BOBAOPPA), created by Taiwanese blockchain personality Machi Big Brother (also known as Jeffrey Huang), has raised $40 million in its presale.
Solana-based memecoin, Boba Oppa (BOBAOPPA), created by Taiwanese blockchain personality Machi Big Brother (also known as Jeffrey Huang), has raised $40 million in its presale. However, it has received backlash from some of the presale participants.
Several investors took to social media platforms to express their disappointment. One user wrote on X, "Never buying a presale ever again," adding, "My $10K is now worth $129.00, WTF man." Machi Big Brother himself offered insights into the volatile trading activity, explaining that Boba Oppa operates differently from traditional memecoin pump-and-dump schemes. According to Huang, Boba Oppa is a "dump-and-pump" token. He emphasized the distinction, stating, "We are not the same. Let that sink in."
Boba Oppa memecoin started trading at a high of 0.001474 upon its launch on March 30. However, it quickly plummeted by 74% to a low of 0.0003854 shortly after. At the time of writing, Boba Oppa has experienced a partial recovery, with a price of $0.000813 and is trading at a fully diluted valuation of $76 million.
According to the project's official website, Boba Oppa is the son of Machi Big Brother, who embarks on a journey for generational wealth. Through his trials and tribulations, he creates $BOBAOPPA, a memecoin that harnesses the power of decentralized finance (DeFi).
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