The last stop of the meme coin fury in the cryptocurrency market was IMARO. IMARO, launched by Metin Redjepi and his team on the Solana blockchain after the local elections, reached thousands of investors and a market capitalisation of millions of dollars in a short time.

IMARO, which made its debut with $0.00002310 on the evening of 31 March, increased more than 35 folds to more than $0.081. Its market capitalisation also reached over $8 million. On the other hand, IMARO also took its share of the high volatility inherent in meme coins. IMARO, which recorded a huge rise in a short time, has retreated by 40% from its peak level.

IMARO, which reached a significant community power in a few days, started to be listed on central exchanges. Coinstore was the first cryptocurrency exchange to list IMARO.

The local meme coin also carries out social responsibility activities with the success it has achieved. The project donated 25 thousand TL each to IBB’s Askıda Fatura campaign and Ahbap on behalf of the community.

IMARO has no connection with Ekrem İmamoğlu.

While cryptocurrencies are already risky investments, meme coins involve a greater degree of risk. Experts warn that caution should be exercised when investing in meme coins and that there is a possibility of a possible investment to zero.