SLERF Trader Made $3.02m After Developer Burns Millions

SLERF, a new meme coin, emerged on the Solana blockchain. The developer made a mistake and burned through $10 million worth of SOL during the presale, which caused the price to skyrocket. In addition, the liquidity pool is created by its closure as a result of this incident.

https://twitter.com/Slerfsol/status/1769628592315748403?s=20

A turn of 1.98 million dollars to 5 million dollars occurred while a trader spent only twelve minutes. making around $ 3.02 million within that short period. SLERF’s price touched a top point of $1.07 and is currently trading at $0.4179.

This report was first posted on X platform by a guy going by the name Eliboom.

“In just 12 minutes, this individual generated approximately $3.02 million by trading $SLERF.”He stated.

In just 12 minutes, this individual generated approximately $3.02 million by trading $SLERF.

He invested $1.98 million to purchase 69.74 million $SLERF, using 9,894 $SOL, immediately after the trading session began.

Within the same 12-minute period, he sold the $SLERF for… pic.twitter.com/UMELPw1lCR
— Elja 🦍 (@Eljaboom) March 18, 2024

The developer admitted to his mistake and started a new presale and to our surprise, giveaways to those affected. A dramatic incident that has attracted huge attention for SLERF, bringing about more than 10 exchanges to be listed.

Also Read: OKX Discontinues USD-T Trading Pairs in Europe

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