{"id":15741,"date":"2024-03-18T13:00:06","date_gmt":"2024-03-18T13:00:06","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=15741"},"modified":"2024-03-18T12:43:23","modified_gmt":"2024-03-18T12:43:23","slug":"slerf-burned-tokens-allotted-for-airdrop","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/slerf-burned-tokens-allotted-for-airdrop\/","title":{"rendered":"Erroneous Burning of $10 Million by Meme Coin Project Slerf!"},"content":{"rendered":"

Solana<\/strong> based memecoin project Slerf<\/strong> (SLERF), announced that the tokens allocated for pre-sale have been burned. Here are the details!<\/p>\n

With Bitcoin reaching new peak levels, interest in the cryptocurrency industry continues to increase every day. Lately, there’s a memecoin frenzy that is gaining the attention of investors.<\/p>\n

The huge rises in memecoins based on Solana<\/a> (SOL) attracted attention to this category. As the Solana network grows rapidly, a significant share of the market volume continues to shift to memecoins.<\/p>\n

Burned $10 Million Worth SOL!<\/h2>\n

The Solana-based memecoin project Slerf<\/strong> (SLERF) announced on social media that they accidentally burned approximately 5,171,020 SOL, worth $10 million, collected for pre-sale.<\/p>\n

The participants who sent SOL to the team to benefit from the pre-sale could not receive any SLERF. Following this development, a sharp rise and then a decline were observed.<\/p>\n

Slerf stated in their post that there was nothing they could do to fix the situation, they were very sorry and they didn’t know what to do.<\/p>\n

\n

Guys I fucked up. I burned the LP and the tokens that were set aside for the airdrop.<\/p>\n

Mint authority is already revoked so I can not mint them.<\/p>\n

There is nothing I can do to fix this.<\/p>\n

I am so fucking sorry.<\/p>\n

\u2014 Slerf (@Slerfsol) March 18, 2024<\/a><\/p><\/blockquote>\n