Solana

SLERF

Jupiter

Green

<p><span style="font-weight: 400;">The SLERF price </span><a href="https://coinmarketcap.com/currencies/slerf/" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">skyrocketed</span></a> more than<span style="font-weight: 400;"> 52% in the last 24 hours to trade at $0.9422 as of 3:30 a.m. EST after its developer accidentally burned $10 million of presale funds.</span></p>
<p>Slerf, the <span style="font-weight: 400;">latest </span><a href="https://insidebitcoins.com/news/solana-meme-coin-mania-continues-as-one-trader-turns-72k-into-30-2m" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">meme coin</span></a><span style="font-weight: 400;"> sensation to enter the Solana ecosystem, racked up more than $3.2 billion in trading volume and hit a market</span><span style="font-weight: 400;"> capitalization of $505 million.</span></p>
<p>It also e<span style="font-weight: 400;">stablish an all-time high of $1.37 earlier today after gathering several thousand unique addresses holding the altcoin just hours after launch.</span></p>
<p>It achieved all that despite a very unusual market entry after its developer said $10 million-worth of presale fund <span style="font-weight: 400;">tokens were sent to a burn address that is not controlled by anyone, making them impossible to reclaim.&nbsp;</span></p>
<p><span style="font-weight: 400;">“I burned the LP and the tokens that were set aside for the airdrop,“ said the project’s pseudonymous developer in a Mar. 18 X post.&nbsp; ”Mint authority is already revoked so I can not mint them. There is nothing I can do to fix this. I am so fucking sorry.”</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Guys I fucked up. I burned the LP and the tokens that were set aside for the airdrop.</p>
 <p>Mint authority is already revoked so I can not mint them.</p>
 <p>There is nothing I can do to fix this.</p>
 <p>I am so fucking sorry.</p>
 <p>— Slerf (@Slerfsol) <a href="https://twitter.com/Slerfsol/status/1769628588809031864?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><span style="font-weight: 400;">Despite this mishap, investors and traders are actively engaging with the meme coin after it found its way onto </span><a href="https://insidebitcoins.com/news/solana-price-prediction-sol-soars-5-but-experts-say-consider-this-2-0-meme-coin-thats-skyrocketed-11440" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Solana</span></a><span style="font-weight: 400;">-based exchanges Jupiter and Orca.&nbsp;</span></p>
<h2 id="span-style-font-weight-400-solana-meme-coin-rush-span"><span style="font-weight: 400;">Solana Meme Coin Rush</span></h2>
<p>The development came amid a spate of flash crypto presales in recent days based on just posts on X. <span style="font-weight: 400;">Some on-chain analysts estimate that over $100 million worth of SOL tokens were sent to a mix of such meme coin presales throughout the past weekend.&nbsp;</span></p>
<p><span style="font-weight: 400;">ICOs hosted outside of the Solana ecosystem have also been thriving as the crypto community tries to find the next BOME or SLERF. </span><span style="font-weight: 400;">One standout in recent days is called </span><a href="https://insidebitcoins.com/visit/dogecoin20" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Dogecoin20</span></a>,<span style="font-weight: 400;"> which has sucked in more than $2.8 million in a matter of days. </span></p>
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SLERF Surges 52% As Market Cap Hits $505M After Its Developer Accidentally Burned $10M Of Presale Funds

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Inside Bitcoins

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