2024

Solana

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<p>The post <a href="https://coinpedia.org/news/slerf-claims-entire-presale-tokens-burned-and-minting-has-been-suspended/">Slerf Self-Destructs: $10 Million Pre-Sale Tokens Burned, Investors Lose Millions</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>This might come as a surprise to many of you! </p> 
<p>The Solana-based memecoin project, Slerf, has left its investors shocked after a mistake led to the deletion of all liquidity provider (LP) and airdrop tokens. Unable to create new tokens due to lost permissions, investors now face a tough reality: their investments have vanished.</p> 
<p>Read more about this “mistake” below. </p> 
<h2 class="wp-block-heading" id="h-a-costly-mistake">A Costly Mistake</h2> 
<p>Imagine gathering over $10 million and 50,000 SOL, promising big dreams, and then—poof—it’s all gone in a cloud of smoke. Investors who were quick to buy into the pre-sale, hoping for a hefty return, now find themselves empty-handed, with no tokens to show for their investment and no SOL refunds in sight.</p> 
<p>A tweet from Slerf laid it all bare in a painful confession. Attempting to clean up some unwanted tokens using a tool, the person behind the operation accidentally wiped out the valuable ones too.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">I initially tried to burn the LP using solana tools vercel and it wouldnt go through. So I went to sol incen and was clearing out the shitcoins people sent to the wallet and accidently burned them with the pile of other coins.</p>— Slerf (@Slerfsol) <a href="https://twitter.com/Slerfsol/status/1769628592315748403?ref_src=twsrc%5Etfw">March 18, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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</figure> 
<p>“I am so sorry…this is the biggest mess-up, and I’m just lost for words,” they confessed. A new pre-sale was suggested, offering refunds to those willing to reinvest. But many are wary of risking more money.</p> 
<p>Also Read: <a href="https://coinpedia.org/price-analysis/solana-price-prediction-this-historical-pattern-hints-sol-price-can-hit-235/">Solana Price Prediction: This Historical Pattern Hints SOL Price Can Hit $235</a></p> 
<h2 class="wp-block-heading" id="h-emotions-run-high">Emotions Run High</h2> 
<p>The seriousness of the situation was reflected in how the team responded in a Twitter Space conversation. Emotions were running high, and the price of SLERF suddenly went up by 322%. In the community, people are confused, hopeful that things will get better, and a little excited about the idea of raising the token’s value to a billion dollars.</p> 
<h2 class="wp-block-heading" id="h-solana-continues-thriving">Solana Continues Thriving </h2> 
<p>Despite the Slerf crisis, the broader <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/">Solana</a> ecosystem appears to be thriving, with a remarkable uptick in market activity and interest in its other memecoin projects. SOL’s recent performance has been impressive, overtaking BNB to become the fourth most valuable cryptocurrency and achieving a huge trading volume that surpasses that of Ethereum and other EVM-based Layer-2 solutions.&nbsp;</p> 
<p>This resurgence is fueled by the popularity of memecoin projects like <a href="https://coinpedia.org/price-prediction/bonk-price-prediction/">BONK</a>, showing the strong connection between these tokens and their networks. Solana remains a hub for innovation and investment, despite setbacks like the Slerf incident.</p> 
<p>Read More: <a href="https://coinpedia.org/price-analysis/top-solana-meme-coins-for-100x-profits-in-the-coming-months/">Top Solana Meme Coins For 100x Profits In The Coming Months!</a></p> 
<p><strong>Is Slerf’s recovery plan enough, or is this a project best left for dead?&nbsp;</strong></p>

Slerf Self-Destructs: $10 Million Pre-Sale Tokens Burned, Investors Lose Millions

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