According to BlockBeats, on October 12, NegenTropy Capital partner Billy Wen announced on social media that negotiations with the Slerf development team regarding a Community Take Over (CTO) had failed. As one of the largest holders of SLERF, Wen decided to initiate a Fight For CTO (FCTO) to address the remaining refund issues from the presale. Coingecko data indicates that Wen's statement led to a nearly 40% increase in SLERF's value within 24 hours, with the price briefly surpassing $0.21. At the time of reporting, SLERF was priced at $0.1955, with a market capitalization of $97.3 million.