#HotTrends #SLERF #ETHFI⁩ #BOME #xrp Hey BTC enthusiasts! The Solana-based Slerf (SLERF) meme coin's $10-million mishap has stirred up quite a buzz! Some believe it was a simple misclick, while others suspect a bold marketing ploy. 🤔

The incident has definitely caught people's attention, sparking interest in both the project and the meme coin market. However, not everyone's thrilled. Ki Young Ju from CryptoQuant thinks meme coins harm the crypto industry. 😕

Ju took to X (formerly Twitter) to vent, saying billion-dollar-cap meme coins often overshadow hardworking teams developing legit products that could advance the industry. He compared the meme coin craze to the 2018 ICO burst, which showed the limits of such strategies. 📉

While some see meme coins as a global lottery system luring new users to crypto, Ju questions if the risk of financial loss is worth it, especially given the lack of societal value provided by many "shitcoins" from the 2018 ICO era. 🎰

Slerf, a sloth-themed meme coin on Solana, raised $10 million in a presale event on March 18th. However, the developer accidentally sent the tokens to a burn address, losing all the funds. Despite this, the project has seen over $1.80 billion in trading volume in the past day and is trading near $1