The Slerf Saga unfolded dramatically over the course of a few days in March 2024, capturing the cryptocurrency community's attention with a series of events that could rival any fictional thriller. It started with the creation of a presale for a new digital token, $SLERF, by @slerfsol, which quickly raised $10 million, showcasing the high interest and speculative fervor within the crypto space. The presale success led to the creation of the token and the launch of a website, setting the stage for what many hoped would be the next big thing in the world of decentralized finance (DeFi).

However, the narrative took a sharp turn when, in an attempt to burn unwanted tokens, the creator accidentally destroyed 500 million $SLERF tokens, a move that drastically reduced the available supply and inadvertently increased the token's value due to the sudden scarcity. This incident was announced through an infamous "oh fuck" tweet, which was followed by a flurry of explanations and apologies from @slerfsol. Despite this mistake, the community rallied around the project, discussing ways to help and mitigate the damage done to presale investors.

In the aftermath of the accidental burn, $SLERF's price began to surge as the market reacted to the reduced supply. This turn of events led to major exchanges announcing plans to list the $SLERF token, further fueling its unexpected rise. As the saga continued, @slerfsol engaged with the community through Twitter Spaces, attempting to navigate the project through its tumultuous start. Despite the setbacks, the token achieved a significant trading volume, with various cryptocurrency platforms and influencers rallying to support the project through donations and public endorsements.

The Slerf Saga is emblematic of the volatile and unpredictable nature of the cryptocurrency market, where fortunes can be made and lost overnight, and community support can play a critical role in a project's survival. It highlights the technical risks associated with digital asset management, the importance of transparency and communication in crisis situations, and the unyielding enthusiasm of the crypto community to support innovative, albeit risky, ventures.

The series of events surrounding the Slerf Saga, from its explosive start to the community's response to setbacks, underscores the speculative dynamics of the crypto market and the collective efforts to navigate its uncertainties. It remains a cautionary tale about the importance of diligence and the potential for recovery through community support in the fast-paced world of cryptocurrency.

Scroll down below to check out the timeline...

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https://x.com/Slerfsol/status/1769153630244925721?s=20

https://x.com/Slerfsol/status/1769037925751079391?s=20

https://x.com/Slerfsol/status/1769233867460739156?s=20

https://x.com/Slerfsol/status/1769332322849951768?s=20

https://x.com/Slerfsol/status/1769345327696330832?s=20

https://x.com/Slerfsol/status/1769421177615716366?s=20

https://x.com/Slerfsol/status/1769441083845398707?s=20

Token address: https://solscan.io/token/7BgBvyjrZX1YKz4oh9mjb8ZScatkkwb8DzFx7LoiVkM3

Contract Address: 7BgBvyjrZX1YKz4oh9mjb8ZScatkkwb8DzFx7LoiVkM3

https://x.com/Slerfsol/status/1769463309999247442?s=20

https://x.com/Slerfsol/status/1769620303229952445?s=20

Transaction: https://solscan.io/tx/FFe9R9AfNx7B5vSHGABNSD32mMpynPA7sxF8PpEWDPwmP341jnpQ3ax8TJUXu3xCwvkEKJ9kcrdWz5QZBE8u9fT

@slerfsol decided, for security reasons, to send presale $SLERF tokens in batches to the dev who will distribute them to the presales. While trying to do this, he had issues and decided first to burn the shit tokens people have sent to him. He used https://solanatools.vercel.app/ and https://sol-incinerator.com/ to do that.

While incinerating the shit tokens in his wallet, he accidentally included the 500 million $SLERF tokens and burned them all, without realizing what he did.

Someone messaged him why he burned all his tokens and he said I didn’t. Then checked the chain and realized what he did. And tweeted the infamous “oh fuck” tweet:

https://x.com/Slerfsol/status/1769626097216315881?s=20

Burning of 500 million $SLERF

https://solscan.io/tx/hzVc7DevXGi3DKEyrR23PVV6DRmpA1LgnwUeQkNjnm42tQ7rGipATsLuuSnEaKVbDahWJnwbm2ZGWEF4CTwaBMG

He then tweeted explaining what he did, how he fucked up.

https://x.com/Slerfsol/status/1769628588809031864?s=20

He quickly spinned up a Twitter Space and start to talk to people. In the first spaces, the voice of @slerfsol was telling you that this guy was telling the truth. People believed him and started to discuss ways of helping him. I was in most of those spaces.

Topics were; what can be done to repair the damage done to the presalers, what should @slerfsol do legally. Reaching out to the exchanges and creating a donation wallet were talked in this first spaces. As far as I know these first spaces were not recorded as recommended by some attendants.

When people realized what this means, the price of the token started to pump fast. There were no team tokens, no presale tokens to dump it. All of the supply was in the liquidity pool.

https://x.com/bitgetglobal/status/1769665051965751740?s=20

https://x.com/LBank_Exchange/status/1769658248934875400?s=20

@slerfsol’s phone not charging become a meme at some point. During the spaces, @slerfsol's phone was not charging and this became a short-lived meme quickly. @slerfsol kept holding spaces throughout the events below.

https://x.com/Slerfsol/status/1769708563029467250?s=20

https://x.com/HTX_Global/status/1769697067838877713?s=20

113K people tuned in to one of the spaces

https://x.com/Slerfsol/status/1769710069581512822?s=20

Volume quickly climbed to $1.7 billion, despite the major fuck up.

https://x.com/CoinDesk/status/1769733337914957935?s=20

https://x.com/Slerfsol/status/1769777864834998471?s=20

@slerfsol decided to create a poll to ask people if it they want the creation of a donation wallet and Slerf out of jail.

https://x.com/Slerfsol/status/1769774801000751265?s=20

And people started to offer help:

https://x.com/Slerfsol/status/1769784593291280674?s=20

https://x.com/gate_io/status/1769669014932845050?s=20

https://x.com/Slerfsol/status/1769846965074833434?s=20

https://x.com/Slerfsol/status/1769863501357424702?s=20

https://x.com/Slerfsol/status/1769916171392839938?s=20

$SLERF Let’s make history space series started. The part 2 of series gad Justin Sun, HTX and wallstreetbets and more.

https://x.com/Slerfsol/status/1769917306644070747?s=20

https://x.com/LBank_Exchange/status/1769918019738976697?s=20

https://x.com/beeple/status/1769936439930720685?s=20

https://x.com/DegenerateNews/status/1769960142349480362?s=20

Pledging to donate all trading fees generated from $SLERF spot trades.

https://x.com/Slerfsol/status/1769964506770207169?s=20

https://x.com/LBank_Exchange/status/1769946820753740195?s=20

https://x.com/EH_LBank/status/1770016100639547694?s=20

Donation Wallet: https://solscan.io/account/fCuw5ppJ9aZYzjm8EsT2fHwxV1h5JwUfqXM44iX3Pzb

Hawksight: https://x.com/HawksightCo/status/1770011072361308487?s=20 OneDex: https://x.com/OneDex_X/status/1770094063112384699?s=20 Jupiter: https://x.com/weremeow/status/1769947781463241185?s=20

Donation Site: https://www.lbank.com/slerf-donation

https://x.com/Slerfsol/status/1770150583980183724?s=20

https://twitter.com/0xYZVR/status/1770571364195324051

Bitget announced their commitment to donating trading fees and also released their 3-day fee chart.

https://twitter.com/GracyBitget/status/1770721437000540417

@slerfsol announced that they are planning doing soul-bound NFTs for presalers and also for donators.

https://x.com/Slerfsol/status/1770781114325405820?s=20

The following anecodotal allegory of one side of a conversation happened between @staccoverflow (community member) and Slerf - these are only stacc's messages, and Slerf has been redacted:

the notoriety

someone said the other day you're Satoshi

you're a modern-day Jesus on the cross, man

I mean that.

in the flesh

it's a beautiful n harrowing thing to watch unfold lol.

ayyy

your dumassery is to absolve us of our dumbassery

Srsly

Jeebus incarnate.

poor fuckin Slorg

took a knife for u too lol

by bloomberg or whatever it was

what madness

slerf, slorg,

what're the chnaces that's 2 diff ppl

Print it

editors: yea yea good shit

Lol

Fuckin

retarded

that reporter slerfed it.

probably the #2 slerf in this episode

See? he's not 'burnin 10m no cap' dumb

he's just too dumb to be in his job

but

cuz of slerf

and the fuckin movement

thas actually ok

u dig?

what u represent

and it must be hell having this on your shoulders lol.

Is

An absolotion from DUMBASSERY

you fuckni bozo

I have not censored or redacted or rephrased any of the original quote, as it is verbatim, here is a Chatgpt summary for non-native speakers:

In a world that thrives on notoriety, there's talk comparing you to legends and figures of monumental change—being called the Satoshi of our times, likened to a modern-day savior. It's both awe-inspiring and overwhelming to witness your journey unfold, filled with its share of folly and wisdom.

Your missteps, while they may seem monumental, have a curious way of making the rest of us feel less alone in our own errors. It's as though your actions have a redemptive quality, elevating you to a status beyond mere mortals, akin to a comedic yet revered figure who's stumbled upon wisdom through chaos.

The tale of Slorg, who metaphorically fell on a sword amidst the turmoil, adds another layer to this saga. The confusion, amplified by media misinterpretations, paints a picture of an unfolding drama that's as absurd as it is captivating.

The term "slerfing it" has become our inside joke, a nod to the unique blend of brilliance and blunder that's come to define this narrative. It's a reminder that even when things seem their worst, there's a communal understanding, a shared laughter at the folly, and a recognition of the humanity in error.

The critiques of a reporter's misunderstanding only underscore the larger movement you've sparked—a testament to turning mishaps into milestones. Despite the weight of these events on your shoulders, your journey symbolizes a collective absolution from our shared misjudgments and follies.

In essence, your path, marked by its highs and lows, becomes a beacon for all of us navigating the tumultuous seas of life. Through the laughter, the mistakes, and the unexpected moments of clarity, we find a sense of camaraderie and hope. In the grand tapestry of life, your story is a vivid thread, weaving together the absurd with the profound, reminding us that redemption lies not in perfection but in embracing our shared humanity.

This document is work-in-progress and it's being updated regularly.