Despite a big mistake by its developer, the memecoin SLERF saw its trading volume reach over $7 billion.#SLERF which runs on the Solana blockchain, faced a problem when its developer accidentally got rid of a significant amount of the coin's supply, causing a total loss of $10 million invested by pre-sale buyers.😈
The developer admitted the mistake publicly, apologizing for burning the liquidity pool and tokens meant for a future giveaway. This incident happened during a busy weekend for memecoins on Solana, but despite the error, SLERF's value shot up rapidly, reaching $0.95 since its recent launch, with a total value of $479 million. The mistake left a lot of money in the token's liquidity pool,😈
making it easier for big investors to trade without causing big price changes. Users like ZachXBT have been busy with pre-sales on Solana, raising over $149 million in total. One example is Darkfarms1's pre-sale for a memecoin called Book of Memes, which surged by 1,291,399% in less than two days, reaching a market value of over $1.4 billion. This created a fear of missing out on new pre-sale opportunities or huge price jumps, driven mainly by FOMO.😈
