Memecoin

Jupiter

SLERF

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/jupiter-exchange-steps-up-to-aid-investors-after-slerf-memecoin-pre-sale-loss/" data-wpel-link="internal">Jupiter Exchange Steps Up to Aid Investors After Slerf Memecoin Pre-Sale Loss</a> 
Solana decentralized exchange Jupiter has made a significant decision to help investors who incurred losses during the pre-sale of the sloth-themed Slerf memecoin. Jupiter’s co-founder Meow announced late last night that, after participating in an X Space event with the Slerf community, the exchange will donate its current and ongoing SLERF limit order and transaction fees to the participants of the SLERF pre-sale. 
<h2 class="p1" style="text-align: justify" id="significant-step-for-slerf">Significant Step for SLERF</h2> 
The reason for this is due to the SLERF memecoin project’s lead developer accidentally burning the liquidity provider and the $10 million in funds collected during the pre-sale, which was supposed to be launched in the Solana ecosystem on March 18. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-330177" src="https://coin-turk.com/wp-content/uploads/2024/03/meow-tweet.png" alt="" width="500" height="413"> 
<a href="https://en.coin-turk.com/wif-community-rallies-to-project-meme-coin-logo-on-las-vegas-sphere/" data-wpel-link="internal">Token</a> issuers raise money through pre-sales or sell the token at a price lower than its initial listing price. The idea is for buyers to own the token at a low price. However, this only works if the funds, as in the SLERF case, are not irreversibly burned in the Sol Incinerator. 
Recently, there has been a significant interest in Solana memecoin pre-sales. According to blockchain detective zachXBT, just last week, more than 20 different unlisted tokens managed to collect approximately $125 million worth of <a href="https://en.coin-turk.com/bitcoins-resilience-leads-market-optimism-as-solana-eyes-new-heights/" data-wpel-link="internal">SOL</a> in pre-sales. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-330176" src="https://coin-turk.com/wp-content/uploads/2024/03/zach-tweet.png" alt="" width="500" height="625"> 
<h2 class="p1" style="text-align: justify" id="memecoin-hype-attracts-attention">Memecoin Hype Attracts Attention</h2> 
The frenzy to find the next Solana memecoin project that will yield huge profits for early holders is partly due to the wild success of Dogwifhat. The <a href="https://en.coin-turk.com/shiba-coin-shib-struggles-amid-market-fluctuations/" data-wpel-link="internal">Shiba</a> Inu-themed memecoin was launched just in December and its value has risen from less than a cent to $2.27 at the time of writing this article. 
In terms of context, an investor who bought only $5 worth of WIF tokens when it was launched on December 13 would have made a 47,400% gain, sitting on an asset worth $2,376.79 today, even after a 15% drop in price as the markets saw red. 
Another Solana exchange, LBank, is also assisting SLERF pre-sale buyers. It made the first donation to help all pre-sale buyers and is now their guardian. The LBank team stated the following through X: 
<blockquote> 
 “Slerf pre-sale participants don’t need to open an LBank account. Just keep an eye on your wallets and wait for the arrival of SOL.” 
</blockquote> 
This chaos fueled by meme culture even managed to catch the attention of famous <a href="https://coin-turk.com/nftler-otomobil-sektorunde-dev-italyan-firmadan-buyuk-adim" data-wpel-link="internal">NFT</a> artist Beeple, who shared a sloth-themed meme early this morning. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-330175" src="https://coin-turk.com/wp-content/uploads/2024/03/beeple-tweet.png" alt="" width="500" height="615"> 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/jupiter-exchange-steps-up-to-aid-investors-after-slerf-memecoin-pre-sale-loss/" data-wpel-link="internal">Jupiter Exchange Steps Up to Aid Investors After Slerf Memecoin Pre-Sale Loss</a></h5>

Jupiter Exchange Steps Up to Aid Investors After Slerf Memecoin Pre-Sale Loss

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