SLERF’s launch got here on the again of an ongoing narrative that has seen builders elevating thousands and thousands of {dollars}, normally in SOL tokens, on the promise of a meme coin airdrop. Some on-chain watchers estimate that over $100 million price of tokens had been despatched to such presales over the weekend. The frenzy contributed towards the SOL value crossing $200 for the primary time since November 2021.
