- SLERF has been in the news for being the memecoin with the highest liquidity.
- The token has crushed major competitors like WIF and PEPE.
- However, the SLERF market has shrunk considerably.
Lookonchain reported on Saturday that SLERF, a Solana-based mimecoin, has recently surged in popularity, leading the top 10 mimecoins with the highest liquidity on decentralized exchanges (DEXs).
SLERF was born out of a $10 million token presale in March that ended when the token developer accidentally burned all the funds raised in the event. Despite the setback, the token price aggressively surged, rising 414.3% intraday, and immediately after the incident, the market cap passed $750 million.
SLERF Leads Top 10 Meme Coin DEX Liquidity
According to an analysis conducted by Lookonchain on September 7, SLERF has become the top meme coin with the highest liquidity on DEX, beating out popular tokens like dogwifhat (WIF), FLOKI, and POPCAT.
SLERF’s DEX liquidity is $46 million, while WIF’s liquidity is $21 million, putting the token in 7th place among the top 10 memecoins. FLOKI and POPCAT are in 5th and 9th place with $29 million and $15 million in DEX liquidity respectively, while PEPE is in 3rd place with $36 million.
In terms of market cap, PEPE is the highest of all memecoins on the list at $2.7 billion, ahead of WIF and FLOKI at $1.47 billion and $1.12 billion, respectively.
Other notable Memecoins featured in Lookonchain’s analysis include BOOK OF MEME (BOME), MEW, BabyDoge, and WHY, which have DEX liquidity of $37 million, $30 million, $17 million, and $16 million, respectively. Simons Cat (CAT) is last on the list with $14 million in DEX liquidity.
To learn more about dogwifhat (WIF) memecoin, read this article:
dogwifhat (WIF): What makes WIF the most outrageous meme coin ever?
Stay up to date on SLERF’s DAO governance system:
Slerf Strengthens Project Governance with DAO Voting for SLERF NFT Holders