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Slerf Coin

Added 7 months ago / Updated 7 months ago
Slerf

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Part of a series on Cryptocurrency. [View Related Entries]

B ì ☐ DAN 聖
MONEY MACHINE BURN T BURNIT ALL ALL онн Fuvuk
Where DA F-- IS MY REFUND
James @GravitysRa1nbow Wow. Slorg didn't say that? He's not burning tokens on the Slerf Team? I didn't know that. 5:01 PM Mar 19, 2024 10.7K Views
A new Solana-based memecoin, Slerf, has faced significant challenges after the project's developer accidentally burnt a major portion of the token supply - effectively losing $10 million, or the entirety, of presale participants' money. "Guys I f-ed up," the project's official X account wrote. "I burned the LP and the tokens that were set aside for the airdrop. Mint authority is already revoked so I can not mint them. There is nothing I can do to fix this. I am so f-ing sorry." The Slerf team later went to an X Spaces to elaborate further on the situation. "I'm sick to my stomach," team member Slorg said in a Space on X. "I'm literally about to throw up." "I'm lost for words," they added. "I don't know what to do." Poor Slorg. Basically the way crypto works is that a guy named Slorg makes up a token named Slerf, which is distinguished from other tokens by having a cartoon sloth logo. You send $10 million of Solana crypto tokens to Slorg, and he makes a note to himself that he owes you some Slerfs. Then he accidentally flushes that note down the toilet and, due to the irreversible nature of the blockchain, you get no Slerfs and your money is permanently gone, though Slorg is very sorry.
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About • Origin • Spread • Various Examples • Search Interest • External References • Recent Images

About

Slerf refers to a cryptocurrency meme coin promoted by the X account @SlerfSol. In March 2024, Slerf became the subject of memes and discussions after the creator of the coin claimed they accidentally lost $10 million worth of funds raised via the presale of the coin. News of @SlergSol "burning" the liquidity provider (LP) and losing $10 million was reported on by Bloomberg shortly after, who misattributed the disaster to X user @SlorgoftheSlugs. Subsequently, jokes about "Slog not being on the Slerf team" began making the rounds online, amusing people who found the names silly sounding.

Origin

The X / Twitter account @SlerfSol began promoting the meme coin "Slerf" in March 2024, eventually crossing over $10 million in presale funds from investors, as seen in a March 17th, 2024, post by X user @html_eth (seen below, left).[1] However, on March 18th, @SlerfSol made a post announcing that they had "burned" the LP for the $10 million worth of presales, apologizing to his investors. The post gathered over 5,000 likes in two days (seen below, right).[2]

echelon.eth C @html_eth Oh lord... it's happening... $SLERF by @slerfsol is about to make history! CROSS THAT LINE!!! The next Bome UNSTOPPABLE $5M $10M 8:29 AM Mar 17, 2024 23.5K Views $9,134,622.30
Slerf @Slerfsol Guys I f----- up. I burned the LP and the tokens that were set aside for the airdrop. Mint authority is already revoked so I can not mint them. There is nothing I can do to fix this. I am so f------ sorry. 3:35 AM · Mar 18, 2024 2.5M Views

Spread

On March 19th, 2024, @SlerfSol[3] posted a webcomic showing a cartoon slog (resembling a sloth) that looks like the Slerf token telling his parents that he lost $10 million. The post gathered over 1,000 likes in a day (seen below, left). On March 20th, X[4] user @belogi27 made a webcomic joking about the situation as well (seen below, right).

(OH F--?!!! F--!!! OHH SLERD 10:00 H BURN 10 Mill MOM 10:00 BEER
DIS IS HOW TO BURN DE LP BURN DHEM ALL THAT WAS DE PRESALE TAKNING NOTE OH FUUCK ENTER NEED A GOOD LAWYER,

Slorg Is Not On The Slerf Team

On March 18th, 2024, Bloomberg Crypto columnist Matt Levine[5] covered the Slerg coin mishap in an article titled, "Slorg Is Sorry Slerf Was Burnt,"[6] misattributing Slerg's statement to another X user named @SlorgoftheSlugs (seen below).

Matt Levine @matt_levine This newsletter is full of random probably bad ideas that aren't vetted. Slorg is Sorry He Burnt Slerf From bloomberg.com Readers added context they thought people might want to know Slorg is not the person who said any of the things that Mr. Levine is claiming. Nor is he on the Slerf Team Slorg was a panelist on the X Spaces representing @solincinerator where said tokens were burned, the same spaces Mr. Levine got this "information" from. x.com/SlorgoftheSlug... Do you find this helpful? Rate it Context is written by people who use X, and appears when rated helpful by others. Find out more. 2:11 PM Mar 18, 2024 598.5K Views
A new Solana-based memecoin, Slerf, has faced significant challenges after the project's developer accidentally burnt a major portion of the token supply - effectively losing $10 million, or the entirety, of presale participants' money. "Guys I f-ed up," the project's official X account wrote. "I burned the LP and the tokens that were set aside for the airdrop. Mint authority is already revoked so I can not mint them. There is nothing I can do to fix this. I am so f-ing sorry." The Slerf team later went to an X Spaces to elaborate further on the situation. "I'm sick to my stomach," team member Slorg said in a Space on X. "I'm literally about to throw up." "I'm lost for words," they added. "I don't know what to do." Poor Slorg. Basically the way crypto works is that a guy named Slorg makes up a token named Slerf, which is distinguished from other tokens by having a cartoon sloth logo. You send $10 million of Solana crypto tokens to Slorg, and he makes a note to himself that he owes you some Slerfs. Then he accidentally flushes that note down the toilet and, due to the irreversible nature of the blockchain, you get no Slerfs and your money is permanently gone, though Slorg is very sorry.

Various X users joked about the mishap on March 19th, including user @ZeroSuitCamus[7] and @edzitron,[8] both gathering over 4,000 and 1,000 likes, respectively, in less than 24 hours (seen below).

Claire Penis @ZeroSuitCamus Readers added context: Slorg is not the person who said any of the things that Mr. Levine is claiming. Nor is he on the Slerf Team Matt Levine @matt_levine Mar 18 This newsletter is full of random probably bad ideas that aren't vetted. bloomberg.com/opinion/articl... Readers added context Slorg is not the person who said any of the things that Mr. Levine is claiming. Nor is he on the Slerf Team Slorg was a panelist on the X Spaces representing @solincinerator where said tokens were burned, the same spaces Mr. Levine got this "information" from. x.com/SlorgoftheSlug... Do you find this helpful? Rate it 4:26 PM Mar 19, 2024 254.7K Views
Ed Zitron @edzitron pretty embarrassing situation for Matt Levine, incorrectly attributing quotes to Slorg and the Slerf team. A real insult to the Slerf community and Mr. Slorg. Hope Bloomberg does something about this egregious mistake Matt Levine @matt_levine Mar 18 This newsletter is full of random probably bad ideas that aren't vetted. bloomberg.com/opinion/articl... Readers added context Slorg is not the person who said any of the things that Mr. Levine is claiming. Nor is he on the Slerf Team Slorg was a panelist on the X Spaces representing @solincinerator where said tokens were burned, the same spaces Mr. Levine got this "information" from. x.com/SlorgoftheSlug... Do you find this helpful? Rate it 4:18 PM · Mar 19, 2024 90.9K Views

Various Examples

Slerf @Slerfsol Gm send this s--- to $10 million $slerf 10,000000 10000000 $ AW74324 IN SLERF WE TRUST • 8:31 AM Mar 20, 2024 45.9K Views
ON F-- This HIVIE Pofcom Burn All Tokens Yes ALERT
Where DA F-- IS MY REFUND
MONEY MACHINE BURN T BURNIT ALL ALL онн Fuvuk
B ì ☐ DAN 聖

Search Interest

Unavailable.

External References

[1] X – html_eth

[2] X – Slerfsol

[3] X – Slerfsol

[4]  X – belogi27

[5] X – matt_levine

[6] Bloomberg – Slorg Is Sorry

[7] X – ZeroSuitCamus

[8] X – edzitron

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