The cryptocurrency space is heating up in April with the Bitcoin halving getting closer by the day, expected to take place in 16 days.
While the world’s leading crypto has pulled back from the $70k level to find support at $66k, assets within the Solana-ecosystem have been outperforming, especially meme coins.
One of these success stories is Slerf (SLERF). Released shortly after Book of Meme (BOME), the new Solana memecoin took the market by storm, reaching a $645 million trading volume within hours of going live even as its developer mistakenly burned the liquidity pool.
Slerf Price History
The lure of Solana-based presales has led to more than $100 million in inflows shortly after a 24-hour mint of Book of Meme. One of the latest winners among this is Slerf.
A sloth-themed meme coin with its eyes on the prize without doing much work, Slerf raised $10 million in its token presale, much to the delight of its developer.
However, what was supposed to be a good payday became a memecoin mania for the market, as the developer behind the project lost all the funds he received by mistakenly sending all the tokens to the burned address.
Annoyed by this turn of events, Slerf apologized to buyers on Twitter, saying that the burned tokens were reserved for the airdrop.
“Mint Authority is already revoked so I cannot mint them”, he said.
As he turned to crypto Twitterasking for help, the meme coin market started to get even hotter. Shortly after the news of the mishap came to Coindesk, the meme coin experienced one of the biggest pumps of this year.
However, this pump subsided quickly.
Slerf Price Catches A Second Wind Before Retracing
The Slerf price’s climb following the debacle was rapid, but so was its correction. However, after Slerf dropped on 18th March, it experienced a second wind, reaching its new all-time high of $1.48 before correction.
During its first surge, Slerf caught the attention of major cryptocurrency exchanges from LBank to HTX.
As No.1 trading markets for @Slerfsol, HTX have decided to donate all Slerf trading revenue on
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