? From the official account of the project it is announced that there is no going back with the error.

The reduction in circulation of a cryptocurrency is usually welcomed by the market.

A new memecoin project on Solana called SLERF burned through $10 million of token supply at its launch. Supposedly, this burning was done "by accident." This capital had been raised from pre-sale investors to receive the currency in exchange.

“Guys, I screwed up,” said the developer in charge on the official Slerf account today, March 18. “I burned the LP [liquidity pool] and the tokens that were reserved for the airdrop,” he added, communicating the accident.

He explained that the minting permit has already been revoked, so it is not possible to introduce them into the network. “There is nothing I can do to solve this problem,” he explained. 

Likewise, he clarified that the biggest drawback is that he does not have USD 10 million to reimburse investors. “A lot of people have lost their money,” he said.

This is not a joke. I really screwed up and I'm so sorry. “It was a simple pointless clicking error when I was in the process of recording the LP,” he maintained. However, he made the reservation that they will continue working and will do everything possible so that those affected can recover what is due to them.

SLERF Reacts Rising to Token Burn
Following the announcement of the accidental burning of the memecoin, the price of SLERF rose to the USD 1.36 area. And, although it later fell to USD 0.43, it registered an increase of 360% in the few hours since its launch.

This is because burning tokens implies a reduction in the total supply of the cryptocurrency. By simple law of supply and demand that tends to be bullish for your
price, whenever demand increases.

? If you want to start trading join my channel of Binance: https://www.binance.info/es-LA/activity/referral-entry/CPA?ref=CPA_00AXK541S0