After a rocky start with a failed presale, the Solana meme coin known as Slerf has surged by over 1,500% today. The trend of meme coins is still strong in the current bull market, with new tokens gaining significant daily trading volume. While established meme coins like Dogecoin and Shiba Inu are experiencing sell-offs, the latest Solana-based meme coins are attracting a large number of investors, resulting in rapid price increases shortly after launch.

Last week, the Book of Meme (BOME) token made headlines by soaring over 20,000% in just four days, allowing many investors to make substantial profits with minimal investments. This week, Slerf, another Solana meme coin, is following a similar trajectory.

According to Lookonchain, Solana whales took advantage of Slerf’s launch earlier today. One whale invested $1.98 million in the token and made $3 million in profits within just 12 minutes of trading. Another Solana whale, who had never purchased tokens before, invested $606,000 in Slerf.

Due to its popularity and demand, Slerf was quickly listed on major exchanges such as HTX (formerly Huobi) and Bitget. Bybit also considered listing the token, showcasing its widespread appeal.

Despite facing challenges with its initial presale, Slerf’s momentum remains strong. The token’s developer accidentally burned the entire $10 million liquidity pool in SOL tokens raised from presale investors. However, a bonus presale round has since been launched to address this issue.

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