SLERF Burns $10 Million Worth of Tokens: Developer Misclick Chaos

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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.

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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.

selrf-coin-price
Source: Coinmarketcap

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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