🔥 The creator of a new memecoin on Solana SLERF accidentally burned 50,000 SOL ($10 million) and more than $10 million of investor money.

Over the past few days, a new trend in the field of memcoins has been gaining popularity:

⏺ Investors send their SOL coins to the wallets of unknown persons.

⏺ This money is used to create a new memcoin and add the first liquidity to it.

⏺ New memecoins are sent to investors’ wallets.

This “crowdfunding” model, or a kind of ICO, was first introduced by the creator of the sensational BOME token. In total, over the past few days, various creators of numerous memcoins have already received more than $100 million. Other popular tokens that were launched recently using this model include: Nap (NAP), Nostalgia (NOS), LIKE.

Of course, there are no guarantees for investors here. For example, one of the creators of a new memcoin using this model accidentally burned 50,000 SOL and more than $10 million of investor money this morning. He burned all the LP tokens and the tokens of the memcoin itself, but cannot create new ones, because the permission for the mint has already been revoked. This means that investors participating in the pre-sale will receive nothing.

Despite the unsuccessful launch of the SLERF memcoin, it grew by 5000% in 2 hours.

A number of exchanges have already announced the listing of the token.