Indonesian College Student Behind NFT Selfies Success Returns with $1.8 Million Meme Coin Presale
Sultan Gustaf Al Ghozali, the Indonesian college student who gained viral fame in 2022 for selling millions of dollars worth of NFTs featuring his daily selfies, is making a comeback with a presale for a meme coin.
Ghozali recently announced the second edition of his project, “Ghozali Everyday,” on March 224th. This unique project combines meme coins and NFTs on the Base blockchain. The presale for the project surpassed its initial target of 400 Ether (ETH), reaching 527 ETH.
Ghozali Returns with Meme Coin and NFT Hybrid Project: Announces Second Iteration of ‘Ghozali Everyday’
In January 2022, Sultan Gustaf Al Ghozali, a 22-year-old computer science student from Semarang, Indonesia, made a splash in the crypto world by creating nonfungible tokens (NFTs) featuring daily selfies he had taken over a five-year period. He captured nearly 1,000 self-portraits that documented his journey from 18 to 22 years old.
These selfies, intended as a personal reflection on his academic journey, depicted him in various poses while sitting or standing in front of his computer. The collection, named “Ghozali Everyday,” quickly gained popularity within the crypto community, earning Ghozali, who was still a student at the time, over $1 million.
Grateful for the support and the opportunity to turn a personal project into a profitable venture, Ghozali announced on X that he would no longer continue the daily selfie tradition after his graduation, marking the end of an era that unexpectedly brought him financial success and recognition in the NFT space.
After a few months of absence from X, Ghozali returned on March 22, coinciding with the growing interest in meme coins. He made a significant announcement about the second iteration of his project, “Ghozali Everyday,” which now combines meme coins and NFTs in an ERC-404 format on the Base blockchain. To kick things off, he initiated an airdrop for holders of the first Ghozali Everyday NFTs.
On March 24, Ghozali revealed the launch of the second part of “Ghozali Everyday.” He shared the presale address with an intended cap of 400 ETH. However, the presale quickly exceeded this limit, reaching 527 ETH, equivalent to approximately $1.8 million at the time of writing.
Despite the overwhelming response, Ghozali announced on X that he would refund those who sent more than 2 ETH after the cap was reached. He also clarified that the cap would not increase, ensuring fairness and transparency in the project’s execution.
Solana’s Meme Coin Craze: Traders Flock Amid Bitcoin’s Bullish Surge
With the recent bullish run of Bitcoin (BTC) prices, there has been renewed interest in meme coins, particularly among traders on the Solana blockchain. Data shows that presale projects on Solana raised an astonishing $100 million within just three days, from March 15 to 18.
This surge in funding reflects a trend where meme coin founders are using token presales to raise significant amounts for unreleased coins. The presale mechanism typically involves investors sending cryptocurrency to a specified wallet address in exchange for the distribution of tokens once the coin is officially launched. However, there is no guarantee of receiving tokens in return, making presales susceptible to fraud and scams.
The recent frenzy surrounding meme coin presales reached its peak with the launch of Book of Meme on March 14. Created by the pseudonymous artist Darkfarms1, the coin initially had a valuation of around $4 million but skyrocketed by an astonishing 36,000% within just 56 hours, reaching a peak market capitalization of $1.45 billion.
While the profitability of meme coins has captured the attention of the crypto space, concerns about the presale model and its associated risks have arisen.
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