Certain experienced traders have labeled SLERF as a "blue-chip meme" - a reference to blue-chip stocks - due to factors such as its equitable distribution among holders and anticipated future demand.

A token based on Solana, which has only been active for a little over a day, has generated more trading volume than all decentralized exchanges on the Ethereum blockchain, indicating the high demand for meme coins.

Slerf, a token with a sloth theme launched during Asian trading hours on Monday, recorded a trading volume exceeding $2.7 billion in the past 24 hours, according to data from DEXScreener.

This volume includes 800,000 trades from 130,000 individual traders, as additional metrics for the SLERF/USD pair reveal.

Over $1.7 billion in trades were conducted through the Solana-based exchange Raydium. SLERF emerged following a token presale, during which it garnered $10 million from users.

Despite the developer's announcement that they mistakenly sent all the funds raised to a burn address, causing them to lose access to the funds, this did not deter the frenzied market from buying and trading the tokens.

Eventually, SLERF was listed on Solana-based exchanges such as Jupiter and Orca, and its price soared to as high as $1.4 within a few hours from an initial value near 3 cents.

Additionally, SLERF developers are striving to compensate their presale participants by soliciting donations from the Solana community.

Crypto exchanges like HTX and Bitget have already committed to this initiative by allocating SLERF trading fees to a donation address. #HotTrends #Solana🚀 #memecoins" #memecoin‬⁩ #Cryptocurrencies