Taiwanese singer Jeffrey Huang has garnered attention in the crypto sphere after reportedly collecting about 195,000 SOL (Solana) for his Memecoin Bobaoppa. Huang's previous involvement in failed ICOs in 2022 has led to doubts among the crypto community regarding his recent fundraising activities.

Fundraise For Bobaoppa Token

Recent information from Solscan discloses that Huang's memecoin initiative has raised a substantial 195,000 SOL, which is approximately $36 million. This successful fundraising effort showcases Huang's increasing influence as well as the growing popularity of memecoins in the digital asset market.

Initially gaining fame as a member of the pop/rap group L.A. Boyz in the 90s, Huang later formed the hip-hop ensemble "Machi" in 2003 alongside establishing the record label "MACHI Entertainment." His venture into the cryptocurrency realm commenced in 2017 with the launch of Mithril (MITH), marking the start of his involvement in numerous crypto projects. Despite encountering setbacks, Huang's engagement with the Bored Ape Yacht Club NFTs further solidified his standing within the crypto space.

Huangs: Pump and Dump

News of Huang's fundraising success emerges amid revelations concerning his past participation in multiple ICOs, such as Mithril, Formosa, Machi X, Cream Finance, and Mith Cash, as uncovered by ZachXBT in 2022. Heightening skepticism is Huang's association with the Machi group, overseeing operations of "over ten failed pump and dump tokens and NFT projects" across four years.

BOBAOPPA Price Analysis

Huang's introduction to memecoins has triggered discussions within the crypto community, with many curious about the potential implications of Bobaoppa for the broader market. With Huang's prosperous fundraising efforts, Memecoin Bobaoppa joins the league of noteworthy memecoin initiatives, underscoring the escalating influence of memecoins in the crypto realm.

Currently, the BOBAOPPA/SOL price sits at $0.00003291, reflecting a 0.7% increase within the last 24 hours. Throughout this period, its value oscillated between a high of $0.00004801 and a low of $0.000001067.