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Solana Meme Coin Slerf Clocks Higher Trading Volume Than All of Ethereum

Solana-based meme coin Slerf has made a remarkable entrance into the cryptocurrency market, surpassing the trading volume of all Ethereum-based exchanges within just one day of its launch. The surge in popularity for Slerf came after its developer accidentally sent all raised funds to a burn address, sparking a frenzied market and driving up the price. Some professional traders are considering Slerf a “blue-chip meme” due to its fair distribution and anticipated future demand. In an effort to compensate for the mishap, the Solana community and various exchanges, including HTX and Bitget, are making donations to the presale participants. At the time of writing, over $450,000 has been raised through these efforts.