SLERF Memecoin Community Receives Rp6.8 Billion Donation from Crypto Exchanges

Following the accidental incident involving the SLERF memecoin team burning the allocated tokens for the airdrop presale, several crypto exchanges have shown sympathy by donating to the SLERF community.

Statements regarding these donations from various crypto exchanges were compiled in a post by the X account on WuBlockchain, mentioning exchanges such as Bitget, BingX, and HTX among those involved in the donations.


According to the post, the donations stem from the trading fees generated from SLERF trading pairs on the mentioned crypto exchanges. The accumulated donations are reported to be 2,300 SOL or approximately US$430,000 (Rp6.8 billion).

DEX Joins in Donating to SLERF

In addition to the CEX mentioned in the post, other donations came from the DEX aggregator Jupiter Exchange, as announced by Jupiter's founder in a post by X.


The reason behind Jupiter founder Meow's decision to donate was to "demonstrate unity and support within the Solana ecosystem while striving to develop better mechanisms to prevent similar situations in the future."

"This assistance is not a personal acknowledgment of the project or a marketing gimmick," Meow added, emphasizing that the donation given was not for any other gain.

However, this decision sparked controversy, especially within the Jupiter Exchange community, as the decision was made by attributing Jupiter Exchange to the donation.

Image: Screenshot of post. Source: User X.

JUP token holders felt they were not involved in this decision-making process. Therefore, JUP token holders participating in governance rights felt entitled to voice their opinions on this decision.

On the other hand, some X users do not see this decision as a solution to prevent the same incident in the future because the mistake made by SLERF is essentially "compensated" by the donation.

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