A new Solana (SOLAfter launching on several crypto exchanges, the market capitalization of.-based memecoin surpassed $620,000,000.
SlerfSLERFAs of Monday, ) a sloth themed memecoin is trading on four or more crypto exchanges.
MEXC added Slerf the its “assessment zone,” It is only reserved for volatile digital assets that have a low cap value. Poloniex, Bitget You can also find out more about the following: Bybit Slerf is also listed on the trading market.
Slerf’s price soared up to $1.25 Monday amid the news of the launch of the token and its listing on an exchange. The project’s value also jumped to $622,000,000.
SLERF’s price has retraced since then to $0.51. Its market capitalization is now $255m, which makes it the 277th largest crypto asset.
Token launch is a great way to get people excited about the tokens. mired As the official account for the project on social media platform X made a big announcement, confusion ensued. mishap. In the course of burning the liquidity tokens (LP), the project team also burnt tokens that were reserved for an Aidrop. loss The amount is approximately $10 million.
“Guys I f**ked up. I burned the LP and the tokens that were set aside for the airdrop. My minting authority has been removed, and I am unable to produce them. This is beyond my control. I am so f**king sorry…
This is not a joke I really f**ked up and I’m really sorry. It was a mindless mistake when I burned the LP. First try failed: I went to SOL Incen and the lP tokens didn’t show up there so I thought ‘I’ll just clean out the wallet of these others.'”
Solana’s Ecosystem has been experiencing rapid growth. burst of activity Ethereum’s value is also affected by other memecoins.ETHAs a result, the popularity of this competitor has increased.
Solana’s own price has surpassed $200 for the very first time since 2021. Google searches for Solana have also risen. exceeded Ethereum’s.
Solana was trading at $204.91 as of the time this article is written, an increase 5.6% from just 24 hours ago.
Don’t Miss a Beat – Subscribe Get email notifications delivered straight to your Inbox
Check this out Price Action
Join us! Twitter, Facebook You can also find out more about the following: Telegram
You can surf to your heart’s content The Daily Hodl Mix
 
Disclaimer: The Daily Hodl does not provide investment advice. Do your research before investing high risk money in Bitcoins, cryptocurrencies or digital assets. Your transfers and transactions are entirely at your own risk. own Risk is yours, as are any losses. The Daily Hodl is not an investment adviser and does neither recommend buying or selling cryptocurrencies or other digital assets. The Daily Hodl is an affiliate marketer.
Shutterstock/Alberto Andrei Rosu/WhiteBarbie
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: dailyhodl.com