The Loud Token Faces Market Challenges on Solana Blockchain

The Loud (LOUD) token, a SocialFi experiment on the Solana (SOL) blockchain, has experienced a 62.0% price drop. Despite a successful presale that raised 2.5 times its target, the token is struggling with market challenges. LOUD is a Kaito-powered project rewarding users for promoting it on social media. Weekly, fees collected from trading are distributed in SOL to top contributors. The token debuted through an Initial Attention Offering (IAO) on HoloworldAI’s platform, exceeding expectations by raising 1,015.6 SOL. However, its market performance has raised concerns as its value plummeted by 62%. Analysts attribute this to launch issues and a lack of a clear roadmap. While early participants made profits, others faced losses. The project aims to revolutionize attention monetization in the SocialFi space, but its long-term success remains uncertain amidst a volatile market. Read more AI-generated news on: https://app.chaingpt.org/news