The Unfortunate Solana-Based Mem Token, Which Turks Also Invested in, Received the Support of the Stock Exchanges and Rising Again!

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The Unfortunate Solana-Based Mem Token, Which Turks Also Invested in, Received the Support of the Stock Exchanges and Rising Again!

While there has been a recent mem token craze in the cryptocurrency market, Solana-based mem tokens have become more popular.

At this point, while SOL-based mem tokens continue to increase day by day, a great misfortune occurred in a newly released mem token.

The price dropped sharply when the developer of the mem token named SLERF accidentally burned $10 million worth of SOL collected in the SLERF pre-sale.

SLERF, which dropped to $0.36, has already risen above $1 again.

Despite the negativities it experienced, SLERFs market value exceeded BOME and became the eighth largest meme token with a market value of $612 million.

While the support of exchanges such as BingX, HTX and Bitget to SLERF was effective in this, these exchanges announced that they will donate all transaction fees obtained from SLERF transactions to support the SLERF community.

According to Wu Blockchains post, SLERF shared that more than 2,400 SOL (worth approximately $450,000) and SPL tokens worth $16,000 arrived at the donation address (fCuw5p…iX3Pzb).

*This is not investment advice.