2024

Solana

SLERF

Coin

<p>The frenzy around Solana meme coins has helped one trader turn $72,000 into $30.2 million after buying the newly launched $BOME meme coin.</p>
<p>Book of Meme ($BOME) witnessed a massive price pump on Saturday after Binance announced its listing, and its market cap increased by nearly $1 billion within two days of trading.</p>
<p>A trader called Sundayfunday.sol made an initial investment of 420.69 SOL, worth $72,000 at the time, into BOME. The value ballooned to over $32 million within three days.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">sundayfunday.sol turned $72K into $30.2M in just 3 days on <a href="https://twitter.com/search?q=%24BOME&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BOME</a>!😱</p>
 <p>sundayfunday.sol is the largest <a href="https://twitter.com/search?q=%24BOME&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BOME</a> pre-sale participant, spending 421 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a>($72K) to participate in the pre-sale of <a href="https://twitter.com/search?q=%24BOME&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BOME</a> and received 1.43B <a href="https://twitter.com/search?q=%24BOME&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BOME</a>($30.6M currently).</p>
 <p>He sold 190M <a href="https://twitter.com/search?q=%24BOME&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BOME</a> for 19,646 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a>($3.66M)… <a href="https://t.co/4m3spvkI72" rel="noopener noreferrer nofollow">pic.twitter.com/4m3spvkI72</a></p>
 <p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1769222170763493685?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 17, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>The trader took profits just before the meme coin tanked. BOME is down by 50% in the last two days to trade at $0.0137 at 06:25 EST.</p>
<h2 id="trader-makes-3-million-on-slerf-amid-developer-mishap">Trader Makes $3 Million On SLERF Amid Developer Mishap</h2>
<p>Another trader made $3.02 million within 12 minutes after buying Solana-based SLERF meme coin.</p>
<p>The trader spent $1.98M worth of SOL to buy the meme coin. He then sold his stash for $5 million after just 12 minutes, raking in a huge profit.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Unbelievable!😱</p>
 <p>This guy made ~$3.02M in just 12 minutes by trading <a href="https://twitter.com/search?q=%24SLERF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SLERF</a>!</p>
 <p>He spent 9,894 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a>($1.98M) to buy 69.74M <a href="https://twitter.com/search?q=%24SLERF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SLERF</a> immediately after opening trading.</p>
 <p>Then sold it for 25,001 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a>($5M) within 12 minutes.</p>
 <p>Making 15,107 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a>($3.02M) in just 12 minutes!… <a href="https://t.co/KyKkefVdKj" rel="noopener noreferrer nofollow">pic.twitter.com/KyKkefVdKj</a></p>
 <p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1769647961192239295?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 18, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>His trade comes against the backdrop of SLERF’s developer accidentally burning nearly all the token’s supply, losing $10 million. The burnt tokens were meant for presale participants.</p>
<p>“I burned the LP and the tokens that were set aside for the airdrop,” the developer said. “Mint authority is already revoked… I am so f_ing sorry.”</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">I initially tried to burn the LP using solana tools vercel and it wouldnt go through. So I went to sol incen and was clearing out the shitcoins people sent to the wallet and accidently burned them with the pile of other coins.</p>
 <p>— Slerf (@Slerfsol) <a href="https://twitter.com/Slerfsol/status/1769628592315748403?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 18, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Despite the mishap, the price of $SLERF is up by over 50% in the last 24 hours to trade at $1.17 at 06:27 EST.</p>
<p>Ethereum educator Anthony Sassano is <a href="https://twitter.com/sassal0x/status/1769569241110622564" target="_blank" rel="noopener noreferrer nofollow">warning</a> against investing in new meme coins amid the ongoing frenzy. According to him, the current “bidding Ponzi” trend is similar to what happened in 2022.</p>
<h2 id="also-read">Also Read</h2>
<ul>
 <li><a href="https://insidebitcoins.com/news/solana-network-activity-overtakes-ethereum-amid-sol-meme-coin-mania-spectacular-bome-explosion" rel="noopener noreferrer nofollow">Solana Network Activity Overtakes Ethereum Amid SOL Meme Coin Mania, Spectacular BOME Explosion</a></li>
 <li><a href="https://insidebitcoins.com/news/solana-price-prediction-sol-flips-binance-coin-as-4th-largest-crypto-and-this-solana-meme-coin-surges-20" rel="noopener noreferrer nofollow">Solana Price Prediction: SOL Flips Binance Coin As 4th-Largest Crypto And This Solana Meme Coin Surges 20%</a></li>
 <li><a href="https://insidebitcoins.com/news/dogwifhat-price-prediction-top-gainer-wif-surges-30-but-experts-say-this-meme-coin-rival-might-10x" rel="noopener noreferrer nofollow">Dogwifhat Price Prediction: Top Gainer WIF Surges 30%, But Experts Say This Meme Coin Rival Might 10X</a></li>
</ul>
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Solana Meme Coin Mania Continues As One Trader Turns $72K Into $30.2M

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