Meme coin developer accidentally Burned investors’ $10 million Last year, he made a fortune with a single misclick and announced his mistake with X with a message that has become part of crypto lore:Oh, damn”
“There’s nothing I can do to fix this,” a pseudonymous developer posted at the time. “I’m really sorry.”
Now, 19 months later, the developers of Slerf finally managed to fix it and issued refunds to everyone who participated in the infamous token presale.
In most other industries, igniting millions of investors’ money would result in intense litigation, job losses, and countless tears. But in cryptocurrencies, it turned into a marketing stunt that garnered support from the community and drove the Slerf token’s market cap to $740 million. DEX screener.
“It’s been a roller coaster to say the least,” said the developer behind Slurf, aka Grumpy. decryption. “When the Burn happened, I honestly had little hope that we would ever recoup the $10 million we owed pre-sellers. It felt like an impossible situation. What kept me going was the community response.”
Because Slerf has migrated the contract, increase Having reached its total supply, Memecoin’s X account announced yesterday that it was finally able to complete in-kind refunds to everyone who participated in the token pre-sale. Memecoin developers transferred a total of 53,359.62 SOL, or $10.3 million, to 25,444 wallets. Funding was raised through a combination of donations and revenue from transaction fees. Refunds have since been slowly rolled out to investors since the fire. some I didn’t even realize that I was being refunded.
“In the end, the refund process took over a year because we simply had to rebuild from scratch,” Grumpy said. “Every donation, revenue, and support we received went directly toward making pre-order sellers healthy again. It’s been 1.8 years of persistence, transparency, and dedication, and we couldn’t be more proud of what our community has accomplished together.”
Many Slerf presale participants took me to X to celebrate your refund. one Posted Slerf is “the only meme coin that actually kept its promise,” he said. The coin’s market cap currently stands at just under $30 million, well below its peak.
This time it is just a traditional event. Funding is SAFU.
— Slerf (@Slerfsol) October 21, 2025
Slerf meme: How did we get here?
Slerf is the much-hyped Solana meme coin that raised $10 million for Solana in a pre-sale. This is the method used to raise funds for tokens before Launchpads like Pump.fun became popular. Grumpy burns all these funds and accidentally sends the tokens to an unrecoverable address. make a call “The biggest mistake of my life.”
Of course after losing $10 million of other people’s money, Grumpy said, decryption Many people were understandably angry. But eventually, his frustration seemed to subside as he took responsibility for what happened.
“I went directly to Twitter Spaces to explain what happened and take full responsibility for the mistake,” Grumpy said. decryption. “It wasn’t easy, but being transparent seems to have resonated with people. Over time, that honesty turned what started as anger into something incredible. It’s a sense of togetherness and a common purpose. I think that’s what really defines Slerf and its community.”
Since then, Slerf has become deeply embedded in meme coin lore, with traders turning the initial “shit” post into a meme itself and using it as a copypasta of Degen’s Groove. Thankfully for them, the story has a happy ending, at least for those who lost money in the presale.
“You said you would complete the 10 million Slerf refund” Grumpy Posted in X. “Now I’m saying Slerf will be an S-tier meme coin.”
According to , the market capitalization under the new contract address will be $28.1 million. DEX screenermeme coins still have a long way to go to regain their former hype.
