Solana Meme Coin Slerf Issues NFTs After Mishap
The Solana-based meme coin project Slerf has announced plans to issue non-fungible tokens to affected presale participants following a severe operational mishap, according to CoinGape. The incident resulted in losses exceeding $10 million after a developer accidentally burned a substantial portion of the token supply, which included assets designated for liquidity provision and distribution.
In response to the backlash, which initially included accusations from community members regarding the legitimacy of the project, the Slerf network outlined remedial measures on the social media platform X. According to CoinGape, the team stated that it intends to distribute soul-bound NFTs to the wallet addresses of impacted contributors alongside refund efforts. The project indicated that these digital assets will serve as memorabilia and facilitate future airdrops from other participants in the ecosystem.
Based on reporting by coingape.com.
