Shiba

Solana

Dogecoin

Read

Shiba Inu

<p class="is-style-lead">After launching with a botched presale, another Solana meme coin, Slerf, rallied over 1,500% today.&nbsp;</p> 
<p>The meme coin frenzy continues dictating the bull market, with new tokens attracting notable daily trading activities. Although leading meme coins like Dogecoin and Shiba Inu are seeing liquidations, the latest Solana-based meme coins are seeing massive inflow, driving prices higher within hours of launch.&nbsp;</p> 
<p>Last week, the Book of Meme (<a href="https://crypto.news/top-cryptocurrencies-to-watch-this-week-sol-bome-sui/">BOME</a>) token made the headlines after rallying over 20,000% in four days. Several investors made five-figure profits with minimal investments. This week, another Solana meme coin, <a href="https://crypto.news/price/slerf/">SLERF</a>, is experiencing a similar trend.&nbsp;</p> 
<p><a href="https://twitter.com/lookonchain/status/1769647961192239295" target="_blank" rel="noopener">Lookonchain</a> said Solana whales cashed in on Slerf when it opened trading earlier today. One whale invested $1.98 million in the token and made $3 million in profits within 12 minutes of trading. Another Solana whale, who never purchased tokens, invested $606,000 in Slerf.&nbsp;</p> 
<p> Read more: <a href="https://crypto.news/binance-launches-investigation-into-bome-insider-trading-allegations/"> Binance launches investigation into BOME insider trading allegations </a> </p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Unbelievable!😱<br><br>This guy made ~$3.02M in just 12 minutes by trading <a href="https://twitter.com/search?q=%24SLERF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$SLERF</a>!<br><br>He spent 9,894 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$SOL</a>($1.98M) to buy 69.74M <a href="https://twitter.com/search?q=%24SLERF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$SLERF</a> immediately after opening trading.<br><br>Then sold it for 25,001 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$SOL</a>($5M) within 12 minutes.<br><br>Making 15,107 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$SOL</a>($3.02M) in just 12 minutes!… <a href="https://t.co/KyKkefVdKj" target="_blank">pic.twitter.com/KyKkefVdKj</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1769647961192239295?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">March 18, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Given its popularity and demand, Slerf was immediately listed by several major exchanges, including <a href="https://twitter.com/HTX_Global/status/1769697067838877713" target="_blank" rel="noopener">HTX</a>, formally Huobi, and <a href="https://twitter.com/bitgetglobal/status/1769665051965751740" target="_blank" rel="noopener">Bitget</a>. Bybit also <a href="https://twitter.com/Bybit_Web3/status/1769653675562279304" target="_blank" rel="noopener">posted</a> on social media, asking its community whether to list the trending token.&nbsp;</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">📢 <a href="https://twitter.com/search?q=%24SLERF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$SLERF</a> trading is now live on <a href="https://twitter.com/hashtag/BitgetSpot?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#BitgetSpot</a>! <br><br>🚀 Trade now: <a href="https://t.co/s1pkOH5Bmo" target="_blank">https://t.co/s1pkOH5Bmo</a> <a href="https://twitter.com/Slerfsol?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@Slerfsol</a> <a href="https://twitter.com/hashtag/SolanaMemecoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#SolanaMemecoin</a> <a href="https://twitter.com/hashtag/SLERFxBitget?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#SLERFxBitget</a> <a href="https://t.co/m01ANYtRmh" target="_blank">https://t.co/m01ANYtRmh</a> <a href="https://t.co/aP3ta8j0zy" target="_blank">pic.twitter.com/aP3ta8j0zy</a></p>— Bitget (@bitgetglobal) <a href="https://twitter.com/bitgetglobal/status/1769665051965751740?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">March 18, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Slerf’s hype continues despite its <a href="https://crypto.news/slerf-creator-burns-10m-raised-from-investors-due-to-mindless-misclick/">botched presale</a> earlier today. The token’s developer accidentally burned its entire liquidity pool of $10 million in SOL tokens raised from presale investors. Since then, the developer has launched a bonus presale round.</p> 
<p> You might also like: <a href="https://crypto.news/jury-convicts-icomtech-promoters-in-crypto-ponzi-scheme-faces-20-years/"> Jury convicts IcomTech promoters in crypto ponzi scheme, faces 20 years </a> </p>

Meme coin Slerf is making millionaires despite presale mishap

crypto.news

Other articles published on Mar 18, 2024

Dogwifhat explodes 30% after this Elon Musk post

Mining and AI Synergy: A Numerical Analysis of Russia’s Regulatory Conundrum

Analysts Say You Can Easily Turn $100 Into $5,000 With These 3 Coins: Pepe Coin (PEPE), Retik Fin...

Analyst: Bitcoin could face sell off if ETF inflows slow

Bitcoin ‘dumb money sells’ as whales, sharks add 328K BTC in a month

Slerf dev accidentally burns $10M as Solana meme frenzy takes hold

Join our free newsletter for daily crypto updates!