Original title: "Market value exceeded US$470 million in 3 hours, a quick look at SLERF's horse-catching story"
Original author: Husband, Odaily Planet Daily
Today, the crypto world witnessed “the greatest trader ever”.
The founder of the Slerf project, @Slerfsol, posted on the X platform that he had destroyed the LP and airdrop reserved tokens due to misoperation, and the minting rights have also been revoked. There is nothing he can do. I thought that the Meme project SLERF, which raised more than 50,000 SOL, would be dead, but I never thought that this move would make SLERF refresh the previous BOME record of 9 hours to reach a market value of over 100 million. In only 30 minutes, SLERF's market value exceeded 100 million, becoming the new meme king.
As of the time of publication, SLERF’s market value exceeds US$600 million, and the token price has reached a maximum of US$1.3 and is now hovering around US$1.22. (On-chain prices fluctuate greatly, and there are price differences between various "purchasing" tools and transaction aggregators.)
birdeye data
Here, Odaily Planet Daily, as the first to follow up SLERF dynamic information in the Chinese Web3 world, reviews the entire process of the Slerf project from birth to "death" and back to death.
On the morning of March 17, Slerf posted a fundraising tweet on Twitter. It is worth noting that the project’s Twitter account was just created in March this year. Nearly 13 hours after the fundraising tweet was released, the fundraising amount has reached the maximum, and more than 50,000 SOLs have been raised.
Slerf issued a document stating that 50% of the funds raised will be used for pre-sale and 50% will be injected into the LP pool. This move is basically the same as the previous fundraising MEME project. At the same time, everyone was waiting for the official arrival of transactions and airdrops, but Slerf reported bad news.
On March 18, SLERF founder @Slerfsol posted on the X platform: "I destroyed LP and airdrop reserved tokens due to misoperation, and the minting rights have also been revoked. There is nothing he can do." This move made the majority of investors feel like they were struck by lightning, and they commented on it on Twitter.
At the same time, SLERF founder @Slerfsol once again expressed his apology, "This is not a joke, I really messed up, I am very sorry... The biggest problem now is that I do not have 10 million US dollars to refund pre-sale users, I have prepared It took 3 days and I missed the finish line. I'm sorry to those who participated in the pre-sale, and I'm also sorry to my team who helped me over the past 3 days. I don't see a way to fix it at the moment, even Don’t think that’s possible.” He opened Space on Twitter to tearfully apologize to everyone.
I thought that the Slerf project would die prematurely and become another classic "misstep rug" in this round of MEME market.
But a magical scene appeared. Although the user did not receive the 50% of the tokens he deserved, he was moved by the founder @Slerfsol’s “behavior of removing large accounts” and set off a buying boom. The tokens followed the founder’s purchase in Space. Crying and soaring.
Currently, the popularity of Slerf has attracted the favor of many exchanges. XT.COM has listed the token SLERF, with an increase of more than 22 times; Bitget will list SLERF at 6 o'clock tonight. The price of SLERF is still rising, with 24-hour trading volume exceeding $714 million.
At the same time, the "first person to eat crabs" address EeQD...JTo3z currently has a floating profit of 3.65 million US dollars. According to monitoring by on-chain analyst @ai_ 9684 xtpa, SLERF's top 1 position address EeQD...JTo 3z is in the trading pair As soon as it went online, it spent 2,864 SOL and continued to buy 5,746,360 SLERF, worth US$578,000.
Here, investors are reminded that the price of MEME tokens fluctuates greatly, so they should pay attention to asset safety and choose investment targets carefully.