Solana Meme Slerf Notches $1.7B in Volume After Developer Loses All Presale Funds
Summary
Slerf, a sloth-themed meme coin on the Solana network, raised $10 million in a presale but suffered a major setback when the developer accidentally sent the tokens to a burn address. Despite this, the token gained multiple exchange listings, achieved a $1.7 billion trading volume, and attracted thousands of unique holders within hours. The price surged to $1.4 from an initial value near 3 cents, resulting in $1.8 billion in trading volumes and 500,000 individual trades from 106,000 traders. The frenzy contributed to the SOL price crossing $200 for the first time since November 2021.
