The cryptocurrency scene is buzzing this April as the Bitcoin halving draws nearer, just 16 days away. Despite Bitcoin’s slight pullback from the $70k mark to find support at $66k, assets within the Solana ecosystem, particularly meme coins, have been outshining the rest.
One such standout is Slerf (SLERF). Launched shortly after Book of Meme (BOME), this new Solana meme coin made waves in the market, garnering a trading volume of $645 million within hours of its debut, even after its developer accidentally burned the liquidity pool.
The journey of Slerf has been tumultuous, with its presale attracting over $100 million in inflows soon after Book of Meme’s 24-hour mint. Despite raising $10 million in its presale, the project encountered a setback when the developer mistakenly sent all the tokens to a burned address, leading to a market frenzy. Despite the mishap, the meme coin caught the attention of major exchanges like LBank and HTX, who pledged to support presale participants by donating trading revenue.
Following a rapid climb and correction, Slerf reached a new all-time high of $1.48 before retracing. Despite recent downtrends, the token’s future remains uncertain. While Slerf may fade from the market, its rise underscores the growing appetite for meme coins among retail traders, exemplified by the launch of Dogecoin20 (DOGE20) on the Ethereum chain.
Dogecoin20, inspired by the original Dogecoin but with a unique proof-of-stake twist, aims to bring the DOGE ecosystem to a more environmentally friendly space. With an altruistic goal and deflationary fundamentals, Dogecoin20 concluded its presale, raising over $10 million and is set to launch on “doge day” on April 20th.
Investors looking to seize the opportunity to participate in Dogecoin20’s project can visit dogecoin20.io before its official launch.
