Solana memecoin Slerfsol (SLERF) has experienced a relatively successful launch, thanks to strong community support. The coin’s creator accidentally burned over $10 million worth of Solana (SOL) during the presale on March 18, but despite this setback, SLERF has managed to gain traction in the market.
Currently, SLERF is valued at $0.79, with a total market cap of $505 million. It has also been listed on multiple exchanges, further boosting its visibility and accessibility to investors. In an effort to rectify the mistake and compensate affected investors, the creator of SLERF appealed for donations. So far, the coin’s wallet address has received 3,000 SOL from generous contributors.
In a surprising turn of events, cryptocurrency exchange BingX stepped in to offer support to Slerf. BingX pledged to donate all trading fees generated from the buying and selling of SLERF on its platform to the project itself. Additionally, BingX announced plans to airdrop future BingX World Debut tokens to addresses that took part in the Slerf private sale but did not receive SLERF tokens. Slerf expressed gratitude and excitement for this unexpected support, praising BingX for their incredible generosity.
Not to be outdone, Bitget, under the leadership of Gracy Chen, the managing director, also decided to contribute to the SLERF community. Bitget pledged to donate all SLERF trading fees on its platform to support participants in the presale. Chen further promised to provide weekly updates on the donation details. This gesture of goodwill was met with enthusiasm from the SLERF community, who appreciated the exchange’s commitment to their cause.
Furthermore, Justin Sun, a prominent figure in the Chinese blockchain industry, announced that the HTX exchange, formerly known as Huobi Global, would also donate all trading revenue from SLERF to the protocol. This additional support from HTX further solidified the community’s belief in the potential of SLERF.
The recent surge in memecoin popularity has drawn comparisons to the Ethereum initial coin offering (ICO) boom in 2017. During that time, numerous crypto projects raised substantial amounts of money, but many failed to deliver on their promises. On March 18, the nonfungible token collection Milady’s novel Solana memecoin attracted a staggering 91,486 SOL ($18.7 million) in just two hours of its presale announcement.
As the memecoin frenzy continues, opinions are divided on whether Slerf’s launch blunder was a mindless mistake or a deliberate marketing stunt. Regardless, the support and donations from BingX, Bitget, and HTX demonstrate the resilience and potential of the SLERF community.