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Slerf , a new memecoin on the Solana network, has accidentally burnt $10 million worth of funds raised from investors at a presale.the incident through the project’s official X account, saying they do not know what to do and fixing the situation may be impossible.According to the tweets, the presale funds, which were to be used as airdrops for market participants, were in the same wallet with some altcoins and other liquidity pool tokens.
“We are clarifying on this now because the rugcheckers will not know thats what these wallets are for and will read ‘danger.’ Once the airdrop is almost complete they will update ‘good,'” the team tweeted. The developer first tried to burn the LP coins using Solana tools Vercel, but the transaction was unsuccessful because the tokens did not appear on the website. They moved to another Solana tool, Incen, to clear the shitcoins and accidentally cleared the wallet, burning every other token.
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