Original - Odaily

Author - Nan Zhi

Yesterday, the self-issuance price of SLERF has increased 62 times, and the market value once approached US$700 million. It only took three hours to complete the three-day mileage of BOME, becoming the focus of the market. After reaching a high of $1.37, SLERF began an A-top decline, falling as low as $0.35.

However, during the day today, SLERF broke through the bottom shock trend and rose sharply for the second time, reaching a maximum of $1.48, setting a new high.The market value once exceeded BOME, becoming the eighth largest Meme coin by market value. In the on-chain market platform DEX SCREENER, the different trading pools of this token occupy the vast majority of the top spots on the list of popular tokens.

Founder launches pre-sale rescue operation

Yesterday at the beginning of the SLERF story, SLERF founder Slerf posted on the X platform: I destroyed LP and airdrop reserved tokens due to misoperation, and the right to mint has been revoked, and there is nothing I can do.

Under the combined influence of multiple factors such as storytelling, capital capacity, and token security, SLERF poured in a large amount of funds and completed a round of skyrocketing and plummeting. But when it hit the bottom, the tokens popularity still didnt subside, and founder Slerfs Space event attracted tens of thousands of people. Whats more, a false picture was produced of SEC established a task force to investigate the SLERF incident, and the tokens on the X platform added the concept of prison. The founder also laughed at himself: I need a lawyer, but now $Slerf will live forever. Presalers will not be forgotten” (I need a lawyer, but SLERF will live on and pre-sale participants will never be forgotten).

At 5 a.m. Beijing time today, Slerf launched a rescue operation for pre-sale participants. He posted on the X platform that he would be looking for a trusted third party to set up a donation wallet, hoping to raise enough funds.Full or partial refunds to contributors during the pre-sale period. Then Slerf issued a document announcing that LBank will participate in this action as the first donor and donation address custodian. Users can transfer funds to the donation wallet, and the funds will be used as compensation for pre-sale participants. Currently, this address has received 2,385 SOL, as well as some scattered unrelated tokens.

(Odaily note: This donation activity is not a token pre-sale activity, and there is no revenue or token commitment. Investors are advised to participate with caution.)

The heat is rising again, and support comes from all directions

In addition to the related donations initiated by the founder himself, many big Vs on the X platform and multiple exchanges have paid attention to or actively responded to SLERF’s activities.

Andrew Kang, co-founder of Mechanism Capital, posted on the

Includes crypto artistsbeeple、Founder of Floor ProtocolA series of big Vs also continued to spread the stories before and after SLERF in the early hours of this morning.

The major exchanges started relaying this morning. According to the Slerf X platform repost timeline, Justin Sun ranked first.Post a message to express, will donate all SLERF transaction income on HTX, and thenJupiter founder meow、XT. COM、BitgetDingjun issued a document announcing that it will donate SLERF’s token transaction fees to the community.

in conclusion

According to on-chain analystsZachXBT Statistics, the recent 27 Solana ecological pre-sale Meme coin projects have raised a total of more than 655,000 SOL, most of which are still not online, and the amount of some projects is far more than SLERF. But in terms of narrative, it is difficult for a stronger show operation to overshadow SLERF. SLERF may still be expected to break through the boundaries of BOME and create another milestone through narrative fermentation.