Posted 3/18/2024, 8:15:02 PM
Devs Accidentally Burn $10M in Hot New Meme Coin, Slerf Still Sees Massive Volume Despite Rocky Launch
- Developer accidentally burns $10M worth of Slerf (SLERF) pre-sale tokens meant for airdrop
- Despite blunder, Slerf sees $2B in volume and 74K holders in first 12 hours
- Burning liquidity pool (LP) tokens seen as bullish, prevents developer from pulling liquidity
- Investors sent funds to random contract address posted on Twitter, hoping to get early access to the next hot Solana meme coin
- Though launch was messy, degen traders still aped in, with centralized exchanges already listing Slerf
