Justin Sun and Crypto Exchanges Extend Financial Support to Meme Token SLERF

Following the burning of the liquidity pool and airdrop tokens, the developer of the meme token Slerf (SLERF) announced that several crypto platforms have offered financial support to the project.

Guys ive been on spaces for hours and hours i am connecting with different platforms and creators that are offering help.

Please give me time to rectify the situation.

I care about you all and I am terribly sorry. I’ve been sick all day that I fucked up something so simple.

— Slerf (@Slerfsol) March 18, 2024

One of the first to step in was the trading platform LBank. It acted as a custodian and operator of a new wallet for the meme coin and allocated funds to cover pre-sale obligations.

Proud to announce our collaboration with Slerf team @Slerfsol to support pre-sale participants.

As custodians of the donation wallet, we’re honored to be the first donor to aid early investors.

❤️Donation address: fCuw5ppJ9aZYzjm8EsT2fHwxV1h5JwUfqXM44iX3Pzb $Slerf… https://t.co/QydYzhkEcy

— LBank.com (@LBank_Exchange) March 19, 2024

Tron founder Justin Sun announced that he would donate all HTX profits from trading the meme token to the project.

As No.1 trading markets for @Slerfsol, HTX have decided to donate all Slerf trading revenue on @HTX_Global and allocate it to everyone who participated in private sale on HTX, as well as donate some #HTX for Slerf’s trading fee mining on https://t.co/y7nJ0Tgrcj! User first！

— H.E. Justin Sun 孙宇晨 (@justinsuntron) March 19, 2024

“As the number one trading market for SLERF, HTX has decided to donate all trading profits and distribute them among all who participated in the pre-sale on the exchange,” Sun stated.

A similar initiative was announced by the crypto exchange Bitget, which will send all SLERF trading fees to the meme coin community.

#Bitget is willing to support the #SLERF community! @Slerfsol ?

We will donate all #SLERF trading fees on Bitget to the #SLERF community, helping those participating in the presale. And the donation details will be unveiled every week.

WAGMI ?

— Gracy Chen @Bitget (@GracyBitget) March 19, 2024

Following this, the exchange BingX announced its support for the project. It will also donate trading fee revenues and reward all presale participants.

In support of the @Slerfsol community, #BingX has decided to:

1. Donate the trading fees generated from users’ $SLERF Spot trades on BingX.

2. Airdrop future BingX World Debut tokens to addresses that participated in the Slerf private sale but didn’t receive $SLERF tokens… https://t.co/PL0mfOt37O

— BingX (@BingXOfficial) March 19, 2024

The SLERF developer stated that the daily trading volume of the coin on the DEX Raydium Protocol reached $2 billion. The asset is already listed on 15 centralized exchanges.

According to CoinGecko, the token rose by 15% over the past day to $0.85, with its market capitalization exceeding $440 million.

Previously, a pre-sale of tokens for an unnamed AI-focused project on Solana raised over $33 million in SOL within an hour.

Ki Young Ju, founder and CEO of CryptoQuant, expressed concern over the boom in the meme coin segment. The expert believes such coins are detrimental to the crypto industry.