Cardano

Solana

SLERF

Bitcoin

when

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 <p class="paragraph">Historically, crypto market rallies have featured dramatic price changes across the board, the release of new projects, mishaps, scams, and legitimate successes for crypto <a rel="noopener noreferrer nofollow" title="trader" href="https://thebittimes.com/tag/trader.html">trader</a>s dealing with Bitcoin (BTC), major altcoins like Ethereum (ETH), and meme coins alike.</p>
 <p class="paragraph">The ongoing crypto market rally has featured its own fair share of rags-to-riches stories such as with a trader who turned less than $2,000 into more than $10 million in a few months by buying and holding the relatively recently released Dogwifhat (WIF).</p>
 <p class="paragraph">On March 18, however, another cryptocurrency took the spotlight – and caused significant traffic – on a blockchain known for its vibrant meme coin scene, Solana (SOL).</p>
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    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Solana hits record Google search volume as SOL crosses $200 <span class="self-center text-xs text-slate-500">1 hour ago</span>
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 <p class="paragraph">One crypto trader, in particular, made it big on Monday when they bought 69.74 million Slerf (SLERF) – a new meme coin on the blockchain – for SOL worth nearly $2 million as soon as it was released to the market and sold it only 12 minutes later at a profit of more than $1 million – for $3.02 million.</p>
 <h2 class="wp-block-heading" id="h-slerf-team-accidentally-burns-10-million-worth-of-tokens">Slerf team accidentally burns $10 million worth of tokens</h2>
 <p class="paragraph">The feat of the successful Slerf <a rel="noopener noreferrer nofollow" title="trader" href="https://thebittimes.com/tag/trader.html">trader</a> is even more impressive given the fact that, not long after <a rel="noopener noreferrer nofollow" title="trading" href="https://thebittimes.com/tag/trading.html">trading</a> started, a member of the team behind the project took to X to announce that they had mistakenly burned $10 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> worth of tokens made ready as liquidity providers (LP) and for the airdrop effectively erasing the money the project received from early investors.</p>
 <p class="paragraph">What made matters worse is that the minting rights were, per the post, already revoked making any attempts of recovery of lost early investor assets impossible.&nbsp;</p>
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    <p lang="en" dir="ltr">Guys I fucked up. I burned the LP and the tokens that were set aside for the airdrop.<br><br>Mint authority is already revoked so I can not mint them.<br><br>There is nothing I can do to fix this.<br><br>I am so fucking sorry.</p>— Slerf (@Slerfsol) March 18, 2024
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 <h2 class="wp-block-heading" id="h-solana-surges-on-meme-coin-hype">Solana surges on meme coin hype</h2>
 <p class="paragraph">The hype surrounding the start of SLERF <a rel="noopener noreferrer nofollow" title="trading" href="https://thebittimes.com/tag/trading.html">trading</a>, as well as other meme coins, has also had a significant impact on SOL itself. The Solana token surged 38.36% in the last week and rose 9.1% in the latest 24 hours to a price of $206.86.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/NMhsYMIV_-BzTl4xjamtfWkW5fHDBn3-5L1DHfgVjHUaURLro7L7ashOeV4NPBYEdaYfUls7oajHN6DrNFiSAnCT0_L2A-_-taeh2IEcGrVWtZsdW95sU0b9CV7WDhZB55nHLmEPqeZX1dOPME9HqR0" alt>
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   SOL 1-day price chart. Source: Finbold
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 <p class="paragraph">At the same time, general interest in Solana has also surged worldwide and reached the maximum possible reading of 100 on Google Trends on March 17 for the first time in its history.</p>
 <p class="paragraph"><strong><em>Disclaimer</em></strong><em>: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-trader-makes-1-million-in-minutes-trading-new-solana-meme-coin-tbt82840.html">https://thebittimes.com/crypto-trader-makes-1-million-in-minutes-trading-new-solana-meme-coin-tbt82840.html</a></p>

Crypto trader makes $1 million in minutes trading new Solana meme coin

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