Slerf Coin has been gaining a lot of traction recently, but those who bought the Slerf Coin presales are currently at a loss due to critical issues with the developer.
The developer mistakenly burns the presale funds, and a lot of individuals who bought the presales don’t believe those jargons.
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This might be one reason why a lot of users are running from presales. Presales might be risky, but they also have a lot of potential.
Moreover, top crypto exchanges have been sending donations to support those who bought into the presales.
Dex and Cex, including Jupiter Dex, HTX Exchange, Kucoin, Biget, Bingx, and other notable exchanges, roll out their support to help out presale investor.
Most of these exchanges have made it known to the public that all revenue generated from slerf trading fees will be used as donations, thanks to the HTX exchange and co.
Lbank Exchange went as far as hosting this meme coin, just to make sure its presale Investors recover.
In a recent move, Slerf Token announced the launch of its NFTs and to distribute them to presale investors. The main purpose of launching NFTs is to compensate all victims who were affected by the presales.
To solidify their claims, information was shared on their official X handle formally Twitter, stating, “We’re planning to drop Soul-bound NFTs to the wallet addresses of affected presalers as well as refund contributors,”
What happened to Slerf Coin?
The presale of the Solana meme coin, Slerf, raised over 50,000 SOL valued at $10.8 million, but unfortunately, the entire amount was lost. The developer revealed that LP tokens and the reserve of 500 million SLERF tokens meant for the airdrop were accidentally burned. Additionally, the revocation of minting rights has made it impossible to recover the losses.
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Despite attempts to resolve the issue, the inability to mint new tokens has left pre-sale investors without a way to retrieve their investments, whether through token distribution or Solana refunds. To address community concerns, the Slerf team held a session on X Spaces to provide transparency.
During the session, a team member named Slorg expressed deep distress and admitted to feeling physically unwell due to the situation. They expressed being speechless and unsure about the next steps.