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The 6 Hours Behind SLERF's Launch: Three Whales, Three Investment Stories

The 6 Hours Behind SLERF's Launch: Three Whales, Three Investment Stories

2024.03.18
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The 6 Hours Behind SLERF's Launch: Three Whales, Three Investment Stories

Affected by BOME's surge, Slerf went through a lifetime of many coins in 6 hours.

2024.03.18 - 16:24:19
Affected by BOME's surge, Slerf went through a lifetime of many coins in 6 hours.

Author: Riyue Xiaochu 

Affected by BOME's surge, Slerf achieved in six hours what many tokens take a lifetime to accomplish. The twist of fate is that the top three individual holders each represent a different story—one suffered massive losses, another gained enormously. Truly dramatic and fascinating.

First Holder:

The largest holder is address 4, who invested 34,952 Sol (worth $7.2M) to purchase 8.09M SLERF, now valued at only $3.7M. Within just five hours, its value has halved, resulting in a $3.5M loss. Notably, this holder likely acted out of FOMO—initially buying 1,000 Sol worth within the first hour after launch, which had multiplied significantly in profit. Then, during the price rise, they added positions three times with 10,000 Sol each time, leading to the current substantial loss.

This large holder represents a common type: someone who buys small at launch, regrets not buying more as prices rise, then increases their position at peak levels—ultimately suffering heavy losses.

Image

Second Holder:

Address 7 is the second-largest individual holder, investing 2,864 Sol (worth $59K) to acquire 5.7M Slerf, now valued at $2.67M. Within a few hours, they made over $2M in profit.

This holder represents another type: sharp insight combined with excellent timing, achieving massive gains in one move.

Third Type:

Address 8 is the third-largest individual holder, selling 230 million BOME to buy 5.7M SLERF. At the time of sale, the BOME were worth $3.6M, while the SLERF are now worth $2.67M—resulting in a $1M loss within three hours. However, this holder previously made huge profits from BOME, having bought 800 million BOME for 403 SOL. Based on current prices, their profit from BOME alone remains as high as $10M.

This holder represents yet another type: those who gain massive profits from one meme coin, then aggressively chase others, ultimately unable to repeat their success. How much of their profit they can retain remains to be seen.

Other Observations: Rapid Exchange Listings

Within hours after Slerf’s launch, more than four exchanges had already listed it. Gate and MEXC responded quickly, capturing 1.74% and 1.18% market share respectively. Holder address 3

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