Slerf's $10 million refund storm: A "black history" remedy for the Solana ecosystem.

Do you remember Slerf? This meme coin project on Solana had a blunder operation in March 2024 — 10 million dollars worth of presale tokens were directly burned. The entire community was stunned at that time.

The plot has now twisted. The Slerf team announced today: $10 million in refunds has been fully secured. This is not just a verbal commitment, but a real monetary compensation.

This operation deserves a thumbs up. In the meme coin space, most project teams just burn money, and there are almost none that can actively offer full refunds. Slerf also carried out a Token migration, which is equivalent to giving the project a new lease on life.

Why is this matter a bit interesting?

First, it reflects that the Solana ecosystem is increasingly emphasizing compliance and user protection. Second, Slerf has proven through actual actions that—despite making mistakes, one can turn things around; it mainly depends on whether the project party takes responsibility. Third, this sets an example for other cash-burning project parties (although most of them probably won't follow suit 😂).

On-chain data shows that the meme coin market has now entered the “player stage”—not all coins can survive, and responsible projects are beginning to stand out. Slerf's operation is equivalent to giving itself a brand boost during the bear market.