According to CryptoPotato, Slerf (SLERF) has experienced a significant price surge, becoming one of the top Solana-based meme coins. The cryptocurrency sector has recently returned to green territory, with the global market capitalization spiking above $2.8 trillion. Bitcoin (BTC) and other leading digital assets have rallied significantly, but their ascents can’t be compared to Slerf’s (SLERF). The price of the recently-emerged token has jumped by 35% on a 24-hour scale, surpassing the $0.80 mark. Its market capitalization exceeded $400 million, making it the fourth-biggest Solana-based meme coin. The top three assets of that type remain dogwifhat (WIF), Bonk Inu (BONK), and BOOK OF MEME (BOME).

SLERF’s previous resurgence enabled savvy traders to make multi-million profits. However, it is not all sunshine and roses with SLERF since the token was also involved in suspicious activity. A week ago, the developer behind it accidentally burned $10 million worth of funds raised from investors during the presale. This came as a reminder that dealing with meme coins can lead to devastating losses due to their tricky nature and infamous volatility.