After launching with a botched presale, one other Solana meme coin, Slerf, rallied over 1,500% at present.
The meme coin frenzy continues dictating the bull market, with new tokens attracting notable everyday buying and selling actions. Though main meme cash like Dogecoin and Shiba Inu are seeing liquidations, the most recent Solana-based meme cash is seeing a huge influx, driving costs greater within hours of launch.
Final week, the Guide of Meme (BOME) token made the headlines after rallying over 20,000% in 4 days. Several buyers made five-figure earnings with minimal investments. This week, one other Solana meme coin, SLERF, is experiencing an analogous pattern.
Lookonchain mentioned Solana whales cashed in on Slerf when it opened buying and selling earlier at present. One whale invested $1.98 million within the token and made $3 million in earnings within 12 minutes of buying and selling. One other Solana whale, who by no means bought tokens, invested $606,000 in Slerf.
Given its reputation and demand, Slerf was instantly listed by several main exchanges, together with HTX, formally Huobi, and Bitget. Bybit additionally posted on social media, asking its neighborhood whether or not to record the trending token.
Slerf’s hype continues regardless of its botched presale earlier at present. The token’s developer by accident burned its complete liquidity pool of $10 million in SOL tokens raised from presale buyers. Since then, the developer has launched a bonus presale spherical.