The cryptocurrency market has witnessed a significant surge in interest and activity surrounding Solana-based memecoins, particularly with the launch of SLERF. Solana's global Google search interest has reached an all-time high, surpassing Ethereum's search volume. SLERF, a new memecoin, achieved a market capitalization of over $575 million within just three hours of its launch, despite the developer accidentally burning $10 million worth of tokens. This event has sparked a frenzy in the cryptocurrency community, with SLERF's trading volume exceeding $2.4 billion in 24 hours, surpassing all of Ethereum's decentralized exchange (DEX) volume. The memecoin has also flipped stablecoin USDC in daily on-chain trading volume on Solana. Despite concerns from industry leaders, Solana memecoin presales continue to attract significant interest, with SLERF becoming the 8th largest MEMECOIN with a market value of $612 million and a 24H on-chain trading volume of $3.22 Billion.