SLERF surges 56%, whale capital injection triggers market boom

Solana ecosystem's popular meme coin SLERF soared 56% in just one day, becoming the focus of investors. Huge purchases by whales and market makers are the main driving force behind the recent rise.

Recently, market maker Wintermute purchased $940,000 worth of SLERF from the exchange OKX, sparking a strong buying wave in the market. At the same time, whales with addresses "3.15" and "AkxGU...wfyqW" spent a total of $2.05 million to purchase more than 4.87 million SLERF, further consolidating the upward trend.

Data shows that SLERF's trading volume surged 116% in one day to $229 million. Its price in 24 hours rose from a low of $0.2616 to a high of $0.4544, and is currently trading at $0.4240. At the same time, SLERF futures open interest (OI) and derivatives trading volume also increased by 72% and 133% respectively, showing investors' strong interest in the token.

Lao Wu believes that in the absence of a large-scale sell-off, SLERF is expected to continue to rise and show greater growth potential.

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