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SLERF's market value hit $600 million in just 3 hours. Here's a quick overview

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Post time 31-3-2024 07:04:48 | Show all posts |Read mode
The founder of the Slerf project, @Slerfsol, posted on platform X, admitting to accidentally destroying LP and airdrop reserved tokens, with minting rights revoked, feeling powerless. It was thought that SLERF, a meme project raising over 50,000 SOL, would end there. However, unexpectedly, this action led SLERF to break the previous record of BOME, reaching a billion-dollar market value in just 30 minutes, becoming the new meme king.

As of the publication, SLERF's market value exceeds $600 million, with token prices peaking at $1.3, now hovering around $1.22. (On-chain price fluctuations are significant, with differences between various "proxy" tools and trading aggregators.)

Here, as one of the earliest to follow SLERF's dynamic information in the Chinese Web3 world, Odaily Star Daily provides a review of the entire process of Slerf's project from birth to "death" and rebirth.

On the morning of March 17th, Slerf tweeted about fundraising. It's worth noting that the project's Twitter account was created just this March. Within about 13 hours of the fundraising tweet, the maximum amount was reached, raising over 50,000 SOL.

Slerf announced that 50% of the funds raised would be used for presale, and 50% injected into the LP pool, similar to the previous MEME project fundraising. Everyone was waiting for the official launch of trading and airdrops, but bad news came from Slerf.

On March 18th, SLERF founder @Slerfsol posted on platform X, saying, "Due to a mistake, I accidentally destroyed LP and airdrop reserved tokens, with minting rights revoked, feeling powerless." This move shocked investors, with many commenting on the tweet.

At the same time, SLERF founder @Slerfsol once again expressed his apologies, saying, "This is not a joke, I really messed up, I'm very sorry... The biggest problem now is that I don't have $10 million to refund presale users. I've been preparing for 3 days, but made a mistake at the finish line. I'm sorry to those who participated in the presale, and I'm sorry to my team, who have helped me over the past 3 days. At the moment, I can't see a way to fix it, and I don't even think it's possible." He also opened a Space on Twitter to express his apologies.

It was thought that the Slerf project would end there, becoming another classic "rug pull" in this round of MEME market.

But a miraculous scene unfolded. Although users did not receive the deserved 50% of tokens, they were moved by the founder @Slerfsol's "anti-whale behavior," sparking a buying frenzy, with tokens skyrocketing alongside the founder's tears in the Space.

Currently, Slerf's popularity has attracted the favor of many exchanges, with XT.COM listing the token SLERF, which surged more than 22 times; Bitget will list SLERF tonight at 6 o'clock. The price of SLERF is still rising, with a 24-hour trading volume exceeding $714 million.

At the same time, the address of the "first crab eater," EeQD...JTo3z, is currently enjoying a profit of $3.65 million. According to on-chain analyst @ai_9684xtpa, the top holder of SLERF, address EeQD...JTo3z, spent 2,864 SOL to continuously purchase 5,746,360 SLERF tokens, worth $578,000, as soon as the trading pair went live.
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Post time 31-3-2024 13:58:01 | Show all posts
This method can be mastered well on your own, which is also very good.
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Post time 31-3-2024 14:30:10 | Show all posts
This market value is quite substantial as well.
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Post time 31-3-2024 21:37:34 | Show all posts
It's better to judge beforehand than to talk about witnessing afterward.
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Post time 1-4-2024 07:51:51 | Show all posts
The speed of the market value increase is very fast.
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