Solana Meme Coin Slerf Refunds Investors After $10 Million Burn
- Last year, $10 million was accidentally burned by the Slerf developer during a pre-sale.
- 19 months later, all pre-sale participants have been refunded in Solana tokens.
- A total of 53,359.62 SOL, valued at $10.3 million, was distributed to 25,444 wallets.
- The refunds were made possible through donations and trading fee revenue.
- Slerf’s market cap now stands at just under $30 million.
After an accidental burn of $10 million during its pre-sale, the Solana meme coin Slerf has refunded all affected investors over a span of nearly two years. This milestone was achieved as the coin migrated to a new token contract to increase its total supply.
Despite the initial setback, community support and strategic financial management allowed for full refunds to be issued in Solana tokens. The current market cap of Slerf is significantly lower than its peak but reflects a resilient recovery effort by its community and developers. (Source)
