SOLANA MEME SLERF NOTCHES $1.7B IN VOLUME AFTER DEVELOPER LOSES ALL PRESALE FUNDS

Summary from the TLDR Crypto newsletter

Slerf, a sloth-themed memecoin on Solana, recently attracted $10 million in funding from a presale. The developer subsequently accidentally burned the liquidity pool and the presale proceeds. The coin unexpectedly surged in value due in part to the attention the mishap drew to the project. Despite the colossal mistake, Slerf recorded $1.7 billion in trading volume and was listed on several exchanges.