Just now, Solana players went crazy again.
They chanted:
“There is no project party, no pre-sale, and no rat warehouse. The liquidity pool is burned, the authority is abandoned, and the bonus pool is 50,000 Sol. Let’s send it to the moon!”
Which sacred currency does this refer to?
By the way, previously, the SOL chain’s meme project SLERF raised more than 50,000 SOL.
Did these SOLs end up in the founders’ pockets? No!
The Twitter account @lerfsol posted a message saying that due to an operational error, he destroyed the LP and airdrop reserved tokens, the minting rights have been revoked, and he can't do anything. "I initially tried to burn LP using the Solana tool vercel, but it didn't work. So I went to sol incen to clean up the shit coins that people sent to their wallets, and accidentally burned them along with some other coins."
What does it mean?
The project raised a total of 50,000 SOL and initially planned to distribute 5 million coins of the total issuance of 1 billion to investors. As a result, the founder used 50,000 SOL and 500 million project tokens SLERF to form an LP, and then destroyed the 500 million SLERF that was supposed to be distributed to investors.
This means that investors sadly did not get the coins and the selling pressure disappeared.
As soon as the news came out, the market value of the token code-named "SLERF" reached US$150 million in a short period of time. It can be said that the price is astronomical when it comes out.
SLERF token address: 7BgBvyjrZX1YKz4oh9mjb8ZScatkkwb8DzFx7LoiVkM3
Data from dexscreener.com shows that as of press time, the opening price has increased by 1,296%.
At present, the entire crypto community is actually in a state of chaos, and the SLERF founding team and cryptocurrency investors are at a loss.
KOL @BTCdayu's tweet vividly described the current situation of SLERF: "The currency price soared, people flocked to the robot to sell, the founder cried, the audience condemned, the founder was 'destroyed'... When I saw it, the currency price had already It is very high, which can only be said to be beneficial to Solana and instant deflation.”
Can SLERF replicate the legacy of its predecessor BOME?
Let's not talk about whether SLERF can work miracles. Information shows that scientists have made a lot of money. One user made $3 million in 10 minutes.
As you can see from the rankings below, making money is as easy as breathing for scientists.
As a reminder, memecoin prices have soared and plummeted. Investors should pay attention to asset safety and choose investment targets carefully.
Many people have discovered that this time the popular coins on Solana have been discovered, but they cannot be purchased on the chain. How to buy it? First of all, the purchase success rate using OKX wallet is very high. Also, you need this article:
Beginner's Guide: How to Trade Sol Dogecoin with a Bot?
Timeline:
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The destruction of SLERF is carried out through the Sol Incenator burn procedure. It is not entered into the contract address and should not be retrieved.
The developers stated that Raydium contracts can be upgraded with multi-signatures. If LP tokens are sent there directly, Raydium can transfer them back.
A whale spent 20,991 SOL to purchase 3.42 million SLERF in the past half hour, becoming the second largest individual currency holding address.
SLERF founder: There are not enough funds to refund pre-sale users, and operational errors cannot be repaired.
Meme project SLERF will be listed on multiple exchanges today.