The cryptocurrency world is no stranger to twists and turns, and the Solana-based meme coin, Slerf, recently encountered a significant setback. However, despite facing adversity, the coin witnessed a remarkable surge of over 65% in its price today.

Meanwhile, this unexpected rally comes on the heels of crucial support extended by prominent figures within the crypto community, signaling a potential turnaround for the beleaguered project.

Slerf Receives Support Amid Recent Concerns

Following a tumultuous incident that resulted in substantial losses for pre-sale investors, the Slerf project found itself grappling with uncertainty. A developer’s inadvertent action led to the accidental burning of a substantial portion of the token supply, including assets earmarked for liquidity provision and airdrop distribution.

Notably, this unfortunate turn of events left the Slerf investors reeling, with no recourse for recovering their investments. However, prominent players in the crypto space have extended their support to aid Slerf in coming out of this distress.

Meanwhile, in a bid to alleviate the distress caused by the mishap, several notable players in the crypto space stepped forward to extend their support to affected participants. LBank Exchange, as the first donor, pledged to act as the custodian of the donation address, offering a ray of hope to the impacted investors.

In addition, the Solana-based DEX Jupiter Exchange’s CEO named “meow” on the X platform said that he will be donating current and ongoing SLERF limit order & DCA fees to the Slerf presale participants, demonstrating solidarity with the community in their time of need.

Also Read: Binance Assigns Prime Brokers to Conduct Checks to Identify US Investors

Endorsements & Intitiaves To Aid The Platform

Apart from LBank, and Jupiter Exchange, support for Slerf poured in from unexpected quarters. For instance, digital artist Beeple lent his creative prowess to the cause by crafting an artwork dedicated to Slerf, encapsulating the essence of resilience with the tagline “The RISE OF SLERF.”

On the other hand, Tron Founder Justin Sun’s HTX announced a philanthropic gesture, pledging to donate all Slerf trading revenue on HTX Global to compensate private sale participants and contribute to Slerf’s trading fee mining on HTX.

In response to HTX’s altruistic gesture, Slerf expressed profound gratitude, underscoring the essence of community spirit and solidarity within the crypto ecosystem. These acts of support not only underscore the resilience of the Slerf community but also highlight the project’s unity that is present in the cryptocurrency landscape.

Meanwhile, as of writing, the Slerf price traded at $1.03, up 65.92% in the last 24 hours, while its trading volume was $1.71 billion. Notably, over the last 24 hours, the crypto has touched a high of $1.37 and a low of $0.3401.

Slerf Price

Also Read: Crypto Market In Strong Bearish Grip Before FOMC, Ethereum (ETH) Price Under $3,400

The post Slerf Price Rallies 65% As Jupiter, HTX, & Beeple Extend Support appeared first on CoinGape.

---

Filed under: News - @ January 1, 1970 12:00 am