/ Discover the drama behind $SLERF’s accidental burn of $10M worth of SOL tokens before launch.
Author: Nilesh Hembade
Date: 18 Mar 2024, 17:52 PM IST
A new memecoin, $SLERF, has launched amidst dramatic controversy. The project soared to a $10 million presale, but a shocking twist right before launch left many scratching their heads.
According to incident, the developers of $SLERF accidentally burned $10 million worth of tokens. These tokens were supposedly intended for an airdrop to presale participants. This “misclick” by the developer cast a shadow over the launch and left some early supporters feeling confused and upset.
The official $SLERF account on social media tweeted that the burning was accidental, involving “LP tokens.” However, some speculate it could have been a calculated marketing ploy to create buzz.
Guys I fucked up. I burned the LP and the tokens that were set aside for the airdrop.
— Slerf (@Slerfsol) March 18, 2024
Mint authority is already revoked so I can not mint them.
There is nothing I can do to fix this.
I am so fucking sorry.
Listed on Major Crypto Exchanges:
Despite the controversy, $SLERF officially launched on major cryptocurrency exchanges like Bitget, MEXC, Bitmart, and Gate.io. At the time of writing, the $SLERF token is trading around $0.412 with a market cap exceeding $204 million. as anticipated the price of $SLERF coin has been dropped $.40 from High of $1.07 with in hours of listing.
While the launch generated significant trading volume, the long-term viability of $SLERF remains uncertain. The loss of a substantial token pool earmarked for broader distribution raises questions about the project’s future utility and value proposition.
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