The crypto market has witnessed some very exciting moments today. One of these took place around a meme coin. An anonymous crypto trader made $3.02 million in profits trading this meme coin in 12 minutes. The trader used $1.98 million to purchase SLERF tokens. He soon sold some of them for a total of $5 million. However, the Slerf team announced that they ‘accidentally’ burned $10 million worth of tokens on the same day.
From an investment of $1.98 million to $5 million!
SLERF price saw a rapid increase in a short time during the day. In a whirlwind of crypto excitement, an anonymous investor stunned the financial world by pocketing a jaw-dropping $3.02 million in just 12 minutes. It all started with a bold move. With an investment of $1.98 million, the trader purchased 69.74 million SLERF using 9,894 SOL. Just 12 minutes later he sold it for SOL 25,001. Thus, the trader made a profit of SOL 15,107, which is equivalent to $ 3.02 million.
Elja, a famous crypto trader, recently shared a remarkable success story where a $1.98 million investment skyrocketed to an impressive $5 million:
This person made approximately $3.02 million by trading SLERF in just 12 minutes. He invested $1.98 million to buy 69.74 million SLERF using 9.894 SOL immediately after the trading session began. During the same 12-minute period, he sold SLERF for $5 million for SOL 25,001. This quick transaction resulted in a profit of SOL 15,107, equivalent to $3.02 million in just 12 minutes!
This remarkable success highlights the lightning-fast and lucrative nature of cryptocurrency markets. The anonymous trader, who understands market dynamics very well and makes quick decisions, expertly evaluated SLERF’s volatility. Thus, he achieved an unparalleled return on investment in record time.
Meme coin developer ‘accidentally’ burned $10 million worth of tokens!
Slerf (SLERF), a Solana-based meme coin project, made investors nervous before the sale. cryptokoin.comAs you followed from , it made news for all the wrong reasons on March 18th. According to the team, they accidentally burned the $10 million worth of Solana (SOL) received. The funds were designed to create a liquidity pool and allow pre-sale investors to receive free SLERF tokens. Speaking about the alleged mishap, Slerf claimed that it was an accident and not intentional:
Guys, I messed up. I burned the LP and the tokens allocated for the airdrop. Mint authorization has already been revoked. So I can’t print them. There’s nothing I can do to fix this.
Documenting how the irreversible error occurred, Slerf added:
I initially tried to burn the LP using Solana tools Vercel and was not successful. So I went to Sol incen and was cleaning out the shitcoins people sent to the wallet and I accidentally burned them along with other coins.
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