Slerf investor or not, no one deserves to lose money in crypto
Importants parts :
- SLERF presale accidentally burned $10 million, causing price surge and losses for investors.
- Controversy surrounds whether burn was intentional or accidental, with conflicting opinions from community.
- Crypto culture promotes unrealistic gains, leading to risky investments and potential losses for investors.
- Author focuses on tangential stories in crypto space, offering outsider perspective and skepticism.
Resume : The presale of the sloth-themed memecoin SLERF ended disastrously when a team member accidentally burned the entire $10 million raised. While some speculate that it was a marketing stunt, the team member's emotional reaction on Twitter Spaces suggests otherwise. Surprisingly, the attention on SLERF caused the token's price to rise, benefiting some traders. However, the 25,000 investors who lost their money have received little sympathy. The blame has been placed on both the victims and the culture that promotes unrealistic gains in memecoin investing. The article concludes that blaming and shaming will not change anything and highlights the trading volume for SLERF after the incident as an indication of its impact.
Original article published on March 18, 2024 02:12 pm.
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