Slerf Self-Destructs: $10 Million Pre-Sale Tokens Burned, Investors Lose Millions
The post Slerf Self-Destructs: $10 Million Pre-Sale Tokens Burned, Investors Lose Millions appeared first on Coinpedia Fintech News
This might come as a surprise to many of you!
The Solana-based memecoin project, Slerf, has left its investors shocked after a mistake led to the deletion of all liquidity provider (LP) and airdrop tokens. Unable to create new tokens due to lost permissions, investors now face a tough reality: their investments have vanished.
Read more about this “mistake” below.
A Costly Mistake
Imagine gathering over $10 million and 50,000 SOL, promising big dreams, and then—poof—it’s all gone in a cloud of smoke. Investors who were quick to buy into the pre-sale, hoping for a hefty return, now find themselves empty-handed, with no tokens to show for their investment and no SOL refunds in sight.
A tweet from Slerf laid it all bare in a painful confession. Attempting to clean up some unwanted tokens using a tool, the person behind the operation accidentally wiped out the valuable ones too.
“I am so sorry…this is the biggest mess-up, and I’m just lost for words,” they confessed. A new pre-sale was suggested, offering refunds to those willing to reinvest. But many are wary of risking more money.
Also Read: Solana Price Prediction: This Historical Pattern Hints SOL Price Can Hit $235
Emotions Run High
The seriousness of the situation was reflected in how the team responded in a Twitter Space conversation. Emotions were running high, and the price of SLERF suddenly went up by 322%. In the community, people are confused, hopeful that things will get better, and a little excited about the idea of raising the token’s value to a billion dollars.
Solana Continues Thriving
Despite the Slerf crisis, the broader Solana ecosystem appears to be thriving, with a remarkable uptick in market activity and interest in its other memecoin projects. SOL’s recent performance has been impressive, overtaking BNB to become the fourth most valuable cryptocurrency and achieving a huge trading volume that surpasses that of Ethereum and other EVM-based Layer-2 solutions.
This resurgence is fueled by the popularity of memecoin projects like BONK, showing the strong connection between these tokens and their networks. Solana remains a hub for innovation and investment, despite setbacks like the Slerf incident.
Read More: Top Solana Meme Coins For 100x Profits In The Coming Months!
Is Slerf’s recovery plan enough, or is this a project best left for dead?
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