- SLERF, initially a joke, surprises the crypto world by being listed on major exchanges such as FTX, Binance and Kraken.
- Despite initial missteps, SLERF reaches a trading volume of $1.7 billion, outperforming established cryptocurrencies.
Ever wondered how a memecoin can go from a joke to the limelight in a matter of hours? Despite a shaky start, with mistakes like sending tokens to the wrong address, SLERF defied all odds and managed to sneak into the lists of major exchanges like FTX, Binance and Kraken. The result? An impressive trading volume of $1.7 billion, eclipsing cryptocurrencies with more time on the market.
Guys I fucked up. I burned the LP and the tokens that were set aside for the airdrop.
Mint authority is already revoked so I can not mint them.
There is nothing I can do to fix this.
I am so fucking sorry.
— Slerf (@Slerfsol) March 18, 2024
Now, let’s talk straight – what catapulted SLERF to these heights? First of all, the media noise was critical. Social media exploded with the SLERF story, and it didn’t take long for crypto influencers to join in to give it even more momentum. But there is more than just tweets behind this rise.
Unbelievable!😱
This guy made ~$3.02M in just 12 minutes by trading $SLERF!
He spent 9,894 $SOL($1.98M) to buy 69.74M $SLERF immediately after opening trading.
Then sold it for 25,001 $SOL($5M) within 12 minutes.
Making 15,107 $SOL($3.02M) in just 12 minutes!… pic.twitter.com/KyKkefVdKj
— Lookonchain (@lookonchain) March 18, 2024
The community played a crucial role. Discussion groups and forums were filled with conversations about SLERF, fueling speculation and interest in being part of this phenomenon. The collective mindset of not wanting to miss out on the next memecoin was a powerful fuel.
Despite its impressive performance, we are left with the million dollar question: what does the future hold for SLERF and memecoins in general? While some see in SLERF the possibility of replicating Dogecoin’s success, others are more skeptical.
