Slerf creator burns $10m raised from investors due to ‘mindless misclick’

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A Solana-based memecoin dubbed Slerf by chance burned all the stake of $10 million in SOL tokens raised from presale traders.

Nameless creator of the so-called Slerf (SLERF) memecoin based mostly on Solana by chance burned $10 million price of SOL tokens the mission raised from liquidity suppliers and the tokens that have been put aside for the airdrop.

In an X thread on Mar. 18, the mission’s account on X wrote that the incident was a results of a “easy senseless misclick,” when the developer was attempting to burn a few of the tokens utilizing Solana’s internet instruments. The operation finally resulted within the revocation of the mint perform, leaving traders with out the SLERF tokens they have been promised.

“Im sorry to the individuals who contributed to the presale and im sorry to my group who have been serving to me for the previous 3 days. I don’t see a repair at the moment. Don’t even suppose it’s potential.”


Regardless of the setback, market speculators have aggressively pumped the token, driving its worth up by over 5,000% to $1.26, in accordance with knowledge from DexScreener. Liquidity for the token has surged previous $170 million. Based on the Slerf official web site, the highest contributor invested 1,000 SOL tokens, valued in a second at over $200,000.

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