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The Slerf price exploded 53% to trade for $0.8840 as of 06:23 EST time.
It comes amid reports of a listing on LBank Exchange, with pre-sale participants not needing to register an LBank account.
We've received 1400 SOL, and LBank's donations will be fully transparent, completed on-chain. $Slerf pre-sale participants won't need to register an LBank account—just keep an eye on your wallets and await the SOL arrival.
Long live Meme community! Memers Assembled!… pic.twitter.com/gr0pC2Dxby
— LBank.com (@LBank_Exchange) March 19, 2024
With this surge, the Slerf token has outperformed multiple chains, including Ethereum in 24-hour trading volume.
🚨 BREAKING: Solana-based Memecoin $SLERF (@Slerfsol) flips every chain including Ethereum in 24H on-chain trading volume.
SLERF : $3.22 Billion
Ethereum : $2.37 billion pic.twitter.com/xSuCLdZNgY— SolanaFloor | Powered by Step Finance (@SolanaFloor) March 19, 2024
Elsewhere, reports indicate that an investor has shown remarkable bullishness for the Slerf token. After being rekt around $564,000 the first time, the trader has again spent even more, $3.52 million, to buy SLERF.
This guy lost 2,793 $SOL($564K) yesterday by #FOMO buying $SLERF with 4,958 $SOL($1M).
When $SLERF surged again, he spent 19,133 $SOL($3.52M) to buy 3M $SLERF again at $1.17.
Will he lose money again or make money this time?https://t.co/qZhfAc7haR pic.twitter.com/xZzQcGDXRU
— Lookonchain (@lookonchain) March 19, 2024
The excitement around Solana-based meme coins continues to increase, with traders and investors anticipating even more gains as they buy SLERF and other notable tokens.
Also, the largest buyer of SLERF deposited their entire SOL portfolio, worth approximately $8.6 million to Binance Exchange. The investor then spent $8.2 million worth of SLERF, making himself or herself the largest individual holder of SLERF.
The largest buyer of $SLERF deposited all 46,742 $SOL($8.6M) to #Binance 1 hour ago.
He withdrew 80,285 $SOL($8.1M) from #Binance and #Kraken at $101 from Jan 30 to Mar 4.
Then spent 35,953 $SOL($7.26M) to buy 8.2M $SLERF yesterday, becoming the largest individual holder of… pic.twitter.com/xXxkwKWyiT
— Lookonchain (@lookonchain) March 19, 2024
In a remarkable twist, SLERF briefly flipped BOME by market capitalization metrics. However, the Book of Meme token has since recovered, recording $645 million against Slerf’s $505 million.
SLERF just flipped BOME in market cap pic.twitter.com/rQiJcoR9Cs
— borovik (@3orovik) March 19, 2024
In the latest, Tron founder and Huobi Global advisor Justin Sun has announced plans to donate trading revenue to SLERF pre-salers.
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
Slerf Price Prediction Amid Community Support From Renowned Crypto Executive
The Slerf price is consolidating within an ascending parallel channel on the hourly timeframe. However, with the bears prevailing, the Slerf price is testing the lower boundary of the ascending parallel channel. The Relative Strength Index (RSI) also appears subdued, dropping as momentum continues to fall.
Increased seller momentum could see the Slerf price extend the fall toward the $0.5951 support. If this buyer congestion level fails to hold as support, the Slerf price could roll over to the next base at $0.3782. Such a move would constitute a 50% drop below current levels.
TradingView: SLERF/USDT1-hour chart
However, should the bulls recover the market, the Slerf price could push north to flip the 50% Fibonacci placeholder into support at $1.0457. In a highly bullish case, the Slerf price could extend north, shattering resistance due to the midline of the channel before extending to confront the upper boundary of the technical formation around the $1.5000 psychological level.
As the Slerf price shows weakness, many savvy traders are migrating to Smog, a Solana star with an imminent huge airdrop.
Promising Alternative To Slerf
Smog entered the cryptocurrency market through the Jupiter decentralized exchange (DEX), and promised the mother of all airdrop campaigns. It builds atop the success of recent breakout launches on Solana that include Myro, Bonk, and Dogwifhat.
https://twitter.com/harrysyukri27/status/1768885272023007340
The Smog token has delivered a remarkable performance and captivated audiences since its debut. Having set the bar high at launch, its hallmark is to deliver the largest airdrop in the history of the Solana ecosystem.
Tokenomics, Airdrop
The project has allocated 35% of the total token supply for the airdrop. To take part, all you need to do is buy and hold Smog. You can earn more airdrop points buy complete tasks that are managed by Zealy.
The first part of the airdrop season ends April 3 with an estimated $1 million to be given away.
The team is also pursuing additional listings on top-tier exchanges to expand its reach. Accomplishing these milestones will likely propel the project to new heights.
As part of recent developments in the Smog network, Smog has presented itself as the fastest-growing Solana meme coin, and its market capitalization has surged to $137 million.
https://twitter.com/dennyarifiandi/status/1769015102806851889
Investors can join the Smog community on X (Twitter), Discord, and Telegram to stay updated on the latest news and updates. You can also explore the Lite Paper to learn more.
The best place to buy SMOG tokens is on the official website here, where you get a 10% discount. But hurry before the deal ends.
Also Read:
- Top 5 Cryptocurrencies With Most Potential For 100x Returns
- How To Buy Smog Token – A Complete Guide
- Most Trending Cryptos on Ethereum Chain Today – Mind, Smog, TAO Inu
- $SMOG Meme Coin 10x Growth Potential – How to Buy, Stake for High Rewards, and Price Prediction
- New Solana-Based Meme Token To Buy and Hold – Could SMOG Be The Next BONK?
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