Presale mishap fails to stop meme coin Slerf from creating millionaires
After a failed presale, Slerf, another meme coin on the Solana network, has surged by more than 1,500% today.
The meme coin craze is still dominating the bull market, with new tokens attracting significant daily trading volume. While popular meme coins like Dogecoin and Shiba Inu are experiencing sell-offs, the latest Solana-based meme coins are witnessing a massive influx of investors, causing prices to skyrocket shortly after launch.
Last week, the Book of Meme (BOME) token garnered attention after surging by over 20,000% in just four days. Many investors made substantial profits with minimal investments. This week, another Solana meme coin called SLERF is following a similar trajectory.
According to Lookonchain, Solana whales took advantage of the Slerf token as soon as it became available for trading today. One whale invested $1.98 million in the token and made a $3 million profit within just 12 minutes of trading. Another Solana whale, who had never bought tokens before, invested $606,000 in Slerf.
Due to its popularity and demand, Slerf was quickly listed on several major exchanges, including HTX (formerly Huobi) and Bitget. Bybit also took to social media to ask its community whether they should list this trending token.
Despite the botched presale earlier in the day, Slerf’s hype continues to grow. The token’s developer accidentally burned the entire liquidity pool of $10 million in SOL tokens that were raised from presale investors. As a result, the developer has launched a bonus presale round.
In other news, the IcomTech promoters have been convicted by a jury in a crypto ponzi scheme and could face up to 20 years in prison. Stay updated by following us on Google News.
