The meme coin SLERF, amidst a tumultuous presale launch, has soared by over 1,500% in today’s trading, showcasing the resilience and fervor surrounding meme coins in the crypto market. This surge echoes recent trends in the Solana ecosystem, where meme coins like the Book of Meme (BOME) token have experienced meteoric rises, with gains surpassing 20,000% within days.
Insights from Lookonchain reveal that Solana whales wasted no time in capitalizing on SLERFs debut, with one investor pocketing a staggering $3 million profit within a mere 12 minutes of trading. Notably, major exchanges, including HTX (formerly Huobi) and Bitget, swiftly listed the token, while Bybit weighs its potential listing based on community demand.
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
Despite encountering initial setbacks, such as accidentally burning its entire $10 million liquidity pool raised from presale investors, SLERF remains undeterred. Its developer has promptly initiated a bonus presale round, signaling robust community support and a resilient appetite for this burgeoning meme coin.
As SLERF continues to defy expectations and captivate crypto enthusiasts, its journey underscores the unpredictable yet exhilarating landscape of meme coin investments within the dynamic cryptocurrency realm.
