A dozen Solana (CRYPTO:SOL) presale memecoins have been abandoned over the past month, leaving investors out of a collective $26.7 million, as uncovered by blockchain investigator ZachXBT.

These projects, which initially raised funds through a method labeled controversial - presales, have seen their value plummet since their launch, with one reportedly failing to launch any token at all.

ZachXBT's investigation, disclosed in an April 21 post on X, identified these 12 projects as a glaring example of the risks involved in such investment ventures.

The most notable of these, a memecoin named ‘I like this coin’ with the ticker LIKE (CRYPTO:LIKE), represents the priciest venture to fall by the wayside.