The Slerf meme on the Solana system caused an investor to lose 775,000 USD in just one hour!
The Solana-based SLERF meme, which was a huge disappointment, lost investors $775k.
Although the meme token called SLERF has been launched, investors participating in the presale are currently unable to purchase.
Lookonchain said in its post that an investor caught up in FOMO used 5,004 SOL to buy SLERF at a peak price of $1.32.
After the first purchase, the price begins to decrease. The investor spent an additional 2,500 SOL (517 thousand USD) to buy 650,330 SLERF for 0.8 USD.
However, as the price continued to fall, investors panicked and sold off their SLERF in a panic. As a result, the investor lost $775k in just one hour.