Crypto Presales Rake In Millions as Speculators Chase Meme Coin Riches

• Presales gaining popularity in crypto, projects raising millions just from social media posts without products

• Frenzy fueled by Book of Meme (BOME) turning small investments into huge paper gains for early backers

• Over $100M estimated to have flowed into Solana meme coin presales over one weekend

• Critics warn of risks as projects raise millions with only a social media post and promise of future tokens

• Success of BOME spurred scores of imitation posts trying to raise funds, some capturing tens of millions in minutes