The whole internet supports saving soldier Slerf, the price has dramatically reversed, and the narrative has reached new heights

Written by: Nan Zhi, Odaily Planet Daily

Yesterday, SLERF's price has increased 62 times since its issuance, with its market value once approaching 700 million USD, completing in three hours what BOME took three days to achieve, becoming the market's focal point. After reaching a peak of 1.37 USD, SLERF began to decline, dropping to a low of 0.35 USD.

However, during the day today, SLERF broke the bottom oscillation trend and surged again, reaching a new high of 1.48 USD, surpassing BOME in market value and becoming the eighth largest Meme coin by market cap. On the on-chain market platform DEX SCREENER, the different trading pools of this token occupy most of the top positions on the popular token list.

Founder Initiates Rescue Pre-sale

At the beginning of SLERF's story yesterday, SLERF's founder Slerf posted on the X platform, stating: "I accidentally destroyed the LP and the reserved tokens for airdrop, and the minting rights have been revoked, leaving me powerless."

Under the combined influence of factors such as "storytelling," "fund capacity," and "token security," SLERF attracted a large influx of funds and experienced a round of skyrocketing and plummeting. However, even at the bottom, the token's popularity did not fade, and the Space held by founder Slerf attracted tens of thousands of participants. Some even created a false image claiming "SEC has established a task force to investigate the SLERF incident," and the token was humorously associated with the prison concept on the X platform. The founder also joked, "I need a lawyer, but now $Slerf will live forever. Presalers will not be forgotten."

Today at 5 AM Beijing time, Slerf launched a rescue operation for pre-sale participants, stating on the X platform that he would seek a trustworthy third party to set up a donation wallet, hoping to raise enough funds to fully or partially refund the contributors during the pre-sale. Subsequently, Slerf announced that LBank would participate as the first donor and donation address custodian in this operation, allowing users to transfer funds to the donation wallet, which will be used as compensation for pre-sale participants. Currently, this address has received 2385 SOL and some unrelated tokens.

Note: This donation activity is not a token pre-sale activity and does not promise any profits or tokens. Investors are advised to participate with caution.

Renewed Interest, Support from All Sides

In addition to the donations initiated by the founder, several prominent figures on the X platform and multiple exchanges have shown interest or actively responded to SLERF's activities.

Andrew Kang, co-founder of Mechanism Capital, posted on the X platform, stating: "The legendary story of Slerf is one of the most blunt yet wonderful things I've seen in the cryptocurrency space, and for this reason, I am participating."

Including crypto artist beeple, Floor Protocol founder, and a series of other prominent figures, they continued to spread the story of SLERF during the early hours today.

Major exchanges began to join in this morning. According to the repost timeline on Slerf's X platform, Sun Yuchen was the first to announce that he would donate all SLERF trading revenue from HTX, followed by Jupiter founder meow, XT.COM, Bitget, and others announcing that they would donate SLERF token trading fees to the community.

Conclusion

According to on-chain analyst ZachXBT, the recent 27 Solana ecosystem pre-sale Meme coin projects have raised over 655,000 SOL, with many still not launched, and some projects raising amounts far exceeding SLERF. However, in terms of narrative, it is difficult for any "crazy operation" to overshadow SLERF. SLERF may still have the potential to ferment its narrative and break through BOME's boundaries to create another milestone.