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A new Solana-based memecoin, SLERF, faced challenges as its developer accidentally burned $10 million worth of tokens, leading to a significant market cap increase to over $500 million within hours. SLERF's trading volume surpassed $2 billion, making it one of the most traded coins in the cryptocurrency market, even flipping other coins in market cap and trading volume.
UPDATE: Solana's memecoin frenzy hits new heights with the emergence of memecoin, #Slerf. What is Slerf? Find out…↓ #Solana https://t.co/P6mjq61hRA
ICYMI: A new Solana-based meme coin, @Slerfsol, has surpassed #Ethereum exchanges in trading volume within its first day of existence. https://t.co/yJD8iD5eVk
After a token burn misstep, #memecoin @Slerfsol rebounds, now boasting a $500 million market cap. https://t.co/gp8mWjr0IK