The cryptocurrency world is an environment where rapid changes and unexpected events occur frequently. Recently, Slerf, a meme coin project based on the Solana network, faced an event that surprised and disappointed crypto investors. High hopes and expectations for the project were overshadowed by an unexpected setback during a pre-sale, causing investors to suffer significant losses.
The Slerf project was briefly introduced as a project where you send SOL and receive meme coins in return. Although it attracted great interest, it suffered a loss of $10 million in pre-sales. However, this loss was a huge blow not only financially, but also to the reputation and reliability of the project. The developers announced that they accidentally burned a large portion of the token supply as a result of this tragic mistake during the pre-sale. This burn also included Slerf assets reserved for liquidity provision (LP) and airdrop distribution, resulting in a severe reduction in total supply.
This tragic mistake, which occurred after the Slerf project collected 50,000 SOL and over 10 million dollars with the HdENn8…HgNAsF account, brought serious concerns about the future and reliability of the project. As soon as the development team became aware of this painful mistake, they felt deep regret and sadness. explanation He apologized to investors. However, this apology was not enough to compensate for the losses suffered by investors.
The developer team made a great effort to fix the situation. However, since there was no opportunity to issue new tokens, investors who participated in the pre-sale were not able to buy back their SOL holdings. This caused a wave of disappointment and anger among investors. Investors who participated in the pre-sale not only lost their investments but also began to have serious concerns about the reliability of the project.
To ensure openness and transparency, the Slerf team held an X Spaces session to address community concerns. Team member Slorg expressed deep sadness, admitting that he felt physically ill due to the situation. He also explained that there are uncertainties about the way forward.
While these events were taking place, another interesting agenda emerged. An anonymous Solana investor took action by trading 9,894 Solana (SOL) tokens, equivalent to approximately $1.98 million. According to Lookonchain’s data, 69.74 million Slerf was received as soon as the trading doors opened.
Taking advantage of a rising market due to the accidental incineration, the investor quickly disposed of his SLERF holdings for the staggering price of 25,001 SOL. Thus, he made a profit of $3.02 million in just 12 minutes. This incident led to speculation that a Ponzi scheme was involved. Moreover, the Slerf cryptocurrency is up over 800% today, further fueling such concerns.
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