The cryptocurrency market witnessed a remarkable event as the developer of the new Solana-based memecoin, SLERF, accidentally burned a significant portion of the token supply, equivalent to 150,000 Solana valued at $10 million. Despite this mishap, SLERF's market cap saw an extraordinary surge, reaching $600 million and still climbing, with a trading volume that hit $1.66 billion in just a few hours, making it the 11th most traded coin in the cryptocurrency market. This incident occurred while Solana rallied to a $92 billion market capitalization. The rapid growth and volatility of SLERF, especially in less than half a day, have sparked widespread discussion and amazement within the crypto community.