Slerf Coin

Submission 1,232

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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]

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).

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).

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).