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.
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 . 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
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