TL;DR

• Slerf (SLERF) skilled a major value surge, changing into one of many high Solana-based meme cash.
• The asset’s earlier rise was accompanied by controversy, together with a developer error, highlighting the dangers related to meme coin investments.

The cryptocurrency sector has lately returned to inexperienced territory, with the worldwide market capitalization spiking above $2.8 trillion.

Bitcoin (BTC) and different main digital belongings have rallied considerably, however their ascents can’t be in comparison with Slerf’s (SLERF).

The value of the recently-emerged token has jumped by 35% on a 24-hour scale, surpassing the $0.80 mark (per CoinGecko’s information).

Its market capitalization exceeded $400 million, making it the fourth-biggest Solana-based meme coin. The highest three belongings of that kind stay dogwifhat (WIF), Bonk Inu (BONK), and BOOK OF MEME (BOME). All of these are nicely within the inexperienced right this moment (March 26), too.

SLERF’s earlier resurgence enabled savvy merchants to make multi-million income (at the least on paper). CryptoPotato reported that one such investor made roughly $3.5 million in lower than three days.

Nonetheless, it isn’t all sunshine and roses with SLERF because the token was additionally concerned in suspicious exercise. Every week in the past, the developer behind it by chance burned $10 million value of funds raised from buyers through the presale.

This got here as a reminder that coping with meme cash can result in devastating losses because of their difficult nature and notorious volatility. These keen to keep away from some frequent errors when getting into the ecosystem ought to watch our devoted video under: