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  • Pcu Rlpmn906879

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    S. Ameer Ali
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    A Solana-based meme coin called Slerf saw over $2.7 billion in trading volume in the past 24 hours, more than all decentralized exchanges on the Ethereum blockchain over that same period. Slerf quickly went viral on social media after its developer accidentally sent funds raised in a presale to a "burn address," and its price surged to $1.4 within hours of being listed on Solana exchanges. Some traders view Slerf as a "blue-chip meme" due to its fair distribution among holders and perceived future demand.

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    A Solana-based meme coin called Slerf saw over $2.7 billion in trading volume in the past 24 hours, more than all decentralized exchanges on the Ethereum blockchain over that same period. Slerf quickly went viral on social media after its developer accidentally sent funds raised in a presale to a "burn address," and its price surged to $1.4 within hours of being listed on Solana exchanges. Some traders view Slerf as a "blue-chip meme" due to its fair distribution among holders and perceived future demand.

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    4 views1 page

    Pcu Rlpmn906879

    Uploaded by

    S. Ameer Ali
    A Solana-based meme coin called Slerf saw over $2.7 billion in trading volume in the past 24 hours, more than all decentralized exchanges on the Ethereum blockchain over that same period. Slerf quickly went viral on social media after its developer accidentally sent funds raised in a presale to a "burn address," and its price surged to $1.4 within hours of being listed on Solana exchanges. Some traders view Slerf as a "blue-chip meme" due to its fair distribution among holders and perceived future demand.

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    © All Rights Reserved
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    Publication Name: <Plus Company Updates>

    Date: 19-03-2024

    Story ID: PCU RLPMN906879

    Credit Line: Staff Reporter

    Head Line: Greater trading volume for Solana Meme Coin Slerf than for all of
    Ethereum

    Article Type: News

    Subject: Business

    A Solana-based token, Slerf, has clocked up more trading volume than all
    decentralized exchanges on the Ethereum blockchain in the past 24 hours. The sloth-
    themed token, issued in Asian morning hours, raised over $2.7 billion in the past
    24 hours, with over $1.7 billion in trades routed through the Solana-based
    exchange, Raydium.

    In contrast, Ethereum exchange applications processed $2.3 billion in cumulative


    volume. SLERF was created following a token presale, raising $10 million from
    users. It quickly went viral on social platform X after its developer accidentally
    sent all the money raised to a burn address, losing access to the funds.

    The token was eventually floated on Solana-based exchanges, and its price surged to
    as high as $1.4 within a few hours. Some professional traders have termed SLERF a
    "blue-chip meme" for reasons ranging from fair distribution among holders to
    perceived future demand.

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