Justin Sun and a number of crypto exchanges provided financial support for the SLERF meme token

Justin Sun and a number of crypto exchanges provided financial support for the SLERF meme token

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by Max Nevskyi

3 years ago

After the event related to the burning of liquidity pool and tokens for an airdrop, the developer of the meme token Slerf (SLERF) announced receiving material support from several crypto platforms. The trading platform LBank was one of the first to offer assistance, acting as a custodian for the new meme coin wallet and allocating funds to cover pre-sale obligations. The founder of Tron, Justin Sun, announced donating all profits from HTX meme token trading to support the project. Bitget cryptocurrency exchange also stated its intention to redirect all trading fees from SLERF to the meme coin community. Additionally, BingX exchange reported transferring revenue from trading fees and rewarding presale participants.

The SLERF developer noted that the daily trading volume of the coin on the DEX Raydium Protocol reached $2 billion, and the token is already listed on 15 centralized exchanges. According to CoinGecko, over the past day, the token has grown by 15% to $0.85, and its market capitalization has exceeded $440 million.

This case underscores the importance of community and support in the crypto industry, especially for new and experimental projects like meme tokens. It also illustrates how cryptocurrency exchanges and prominent figures in the cryptocurrency sphere can play a crucial role in stabilizing and supporting projects in times of crisis.

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