Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
Slerf's popularity surged after its developer said they accidentally sent all raised funds to a burn address, leading to a frenzied market and a price increase.
Slerf is considered a"blue-chip meme" by some professional traders, and efforts are underway to compensate presale participants through donations from the Solana community and trading fees from exchanges. A Solana-based token that’s been live for little more than a day has clocked up more trading volume than allSlerf, a sloth-themed token issued in Asian morning hours on Monday, posted trading volume of more than $2.7 billion in the past 24 hours, data from DEXScreener shows. These volume encompasses 800,000 trades from 130,000 individual traders, additional metrics for the SLERF/USD pair show.shows.
That did nothing to stop a frenzied market from purchasing and trading the tokens. SLERF was eventually floated on Solana-based exchanges including Jupiter and Orca and the price surged to as high as $1.4 within a few hours from an initial value near 3 cents. Some professional traders have termed SLERF a “blue-chip meme” – a nod to blue-chip stocks – for reasons ranging from its fair distribution among holders to perceived future demand. A blue-chip stock is a sign of stability and quality at the corporate level and usually relates to a company that has a long history.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Solana Meme Slerf Notches $1.7B in Volume After Developer Loses All Presale FundsShaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
Read more »
Trending Meme Coin SLERF Accidentally Burnt $10M of Presale FundsCrypto Blog
Read more »
Lure of Quick Money Sees $100M Flow to Solana Meme Coin 'Presales'Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
Read more »
SOL Crosses $200 as Meme Coin Frenzy Bumps Demand for Solana NetworkShaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
Read more »
This Solana Meme Coin Jumps 70% Daily: Could it Become the Next Sensation?Crypto Blog
Read more »
Viral Solana Meme Coin Dogwifhat (WIF) With Massive Marketing Plans: DetailsCrypto Blog
Read more »