Solana

SLERF

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 A new Solana (SOL)-based memecoin has soared to more than a $620 million market cap shortly after launching and securing listings on multiple crypto exchanges.
 Slerf (SLERF), a new sloth-themed memecoin, is now trading on at least four crypto exchanges as of Monday.
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 MEXC added Slerf to its “assessment zone,” which is reserved for low-cap digital assets prone to volatility. Poloniex, Bitget and Bybit also said they are listing Slerf for trading.
 Amid the token launch and exchange listing news, Slerf soared to a high of $1.25 on Monday, and the project’s market cap shot up to $622 million.
 SLERF has since retraced to $0.51 at time of writing, and its market cap declined to $255 million, making it the 277th biggest crypto asset on the market.
 The token launch got mired in confusion as the project’s official account on the social media platform X announced a major mishap. The project team says that in the process of burning liquidity providing (LP) tokens, they also accidentally burnt the tokens reserved for an aidrop, resulting in a loss of around $10 million.
 “Guys I f**ked 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 f**king sorry… 
 This is not a joke I really f**ked up and I’m really sorry. Was a simple mindless misclick when I was in the process of burning the the LP. First try failed: I went to SOL Incen and the lP tokens didn’t show up there so I thought ‘I’ll just clean out the wallet of these others.’” 
 Meanwhile, Solana’s ecosystem is seeing a burst of activity from other memecoins as well, and the value of the Ethereum (ETH) competitor has soared along with its popularity.
 Solana itself crossed $200 for the first time since 2021, while Google searches of Solana exceeded Ethereum’s.
 Solana is trading for $204.91 at time of writing, up 5.6% in the last 24 hours.
 
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/solana-memecoin-skyrockets-to-620-000-000-market-cap-hours-after-launch-amid-multiple-exchange-listings-tbt82869.html">https://thebittimes.com/solana-memecoin-skyrockets-to-620-000-000-market-cap-hours-after-launch-amid-multiple-exchange-listings-tbt82869.html</a>

Solana Memecoin Skyrockets to $620,000,000 Market Cap Hours After Launch Amid Multiple Exchange Listings

TheBitTimes

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