The memecoin has surpassed a market cap of $500 million despite an embarrassing launch.
Thanks to community support, Solana memecoin Slerfsol (SLERF) has seen a fairly successful launch after its creator mistakenly burned over $10 million worth of Solana (SOL) from investors during the March 18 presale.
At the time of publication, SLERF is worth $0.79 with a total market cap of $505 million and listing on multiple exchanges. The day prior, its namesake creator had asked for donations after a blunder that saw 535,000 of investors’ SOL sent to a burn address during the minting of SLERF. The creator has publicly asked for donations to make users whole, with the coin's wallet address receiving 3,000 SOL.
The same day, cryptocurrency exchange BingX reached out to Slerf on X with an offer to donate all trading fees from buying and selling SLERF on its platform to the project itself. BingX also said it would “airdrop future BingX World Debut tokens to addresses that participated in the Slerf private sale but didn't receive $SLERF tokens." In response, Slerf wrote: “Thank you so much [BingX]. I'm shaking. This is so crazy. You guys are amazing.”
