Original - Odaily

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Today, the crypto world witnessed one of the “greatest manipulators”.

The founder of the Slerf project, @Slerfsol, posted on the X platform that he destroyed the LP and airdrop reserved tokens due to misoperation, and the right to mint has been revoked.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. However, I never thought that this move would make SLERF refresh the previous BOME record of exceeding 100 million in market value in 9 hours. In only 30 minutes, SLERFs market value exceeded 100 million, becoming the new meme king.

As of the time of publication, SLERF’s market capitalization exceeds US$470 million, and the token price has risen as high as US$0.9677 and is now hovering around US$0.9507.(On-chain prices fluctuate greatly, and there are price differences between various purchasing tools and transaction aggregators.)

birdeye data

Here, Odaily, as the earliest follower of SLERF dynamic information in the Chinese Web3 world, reviews the entire process of the Slerf project from birth to death and life towards 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 also just created in March this year. Nearly 13 hours after the fundraising tweet was released, the fundraising amount has reached the maximum, with more than 50,000 SOL collected.

Slerf issued a statement stating that 50% of the funds raised will be used for pre-sale and 50% will be injected into the LP pool. This 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 bad news came from Slerf.

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on the X platform: I destroyed LP and airdrop reserved tokens due to misoperation, and the minting rights have also been revoked.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. Im sorry to those involved in the pre-sale, and Im also sorry to my team who helped me over the past 3 days. I dont see a way to fix it at the moment, even Don’t think that’s possible.” He opened Space on Twitter to apologize tearfully to everyone.

I thought that the Slerf project would die prematurely and become another classic clown rug in this round of MEME market.

But a magical scene occurred. 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.

Amid such a rapid rise, the public is also frantically looking for consensus for Slerf, elevating the founders sexy moves into performance art, or spreading bullish quotes, making fucking sorry related memes, and calling it a fair launch social experiment. , the greatest trader in crypto history.

Currently, the popularity of Slerf (coupled with the poor user experience of bot proxy investment tools) has attracted the favor of many centralized exchanges. XT.COM has listed the token SLERF, with an increase of more than 22 times; Bitget will be online at 6 oclock tonight SLERF. The price of SLERF is still rising, with 24-hour trading volume exceeding $714 million.

At the same time, the first crab-eating address EeQD...JTo3z currently has a profit of 3.65 million US dollars. According to the monitoring of on-chain analyst @ai_ 9684 xtpa, the TOP 1 address of SLERF holdings is EeQD...JTo3z. As soon as the trading pair went online, it spent 2,864 SOL and continued to buy 5,746,360 SLERF, worth US$578,000. .

Here, Odaily reminds investors that the price of MEME tokens fluctuates greatly, so they should pay attention to asset safety and choose investment targets carefully.

Latest progress tracking of the Slerf incident

• Beijing time, March 18, 18:09. Tobbykitty.eth, a developer with more than 140,000 followers on The coins are sent directly there and Raydium can transfer them back.”

As soon as this news came out, the price of SLERF fell sharply in the short term, falling as low as 0.3 USDT.

But Twitter user @ghazzog immediately commented under this tweet: SLERF was destroyed through the burning process of Sol Incenator, not the Raydium contract. tobbykitty.eth said: Thats gg.

Although LP tokens cannot be retrieved, this has a positive effect on the subsequent development of SLERF. The price of SLERF tokens also rebounded rapidly, with the rebound hitting 1.2 USDT.