A recent bullshit story I heard about Slerf, indeed the memecoin space is launching many unbelievable but convincing plays.
For those who don't know about Slerf, the developer burned all of the original investor's tokens, which caused Slerf to gain attention and attract huge growth in a short time. But like many other FOMOs, it seems that people have gradually stabilized it, indeed with memecoin recently seeing amazing growth as we see more and more memecoin projects reaching a capitalization of >$1b
There have been a wave of meme coins on Solana chain. Slerf is another one and I won't be surprised if it becomes a big coin as per market cap in the future. The only projects that are being launched on Solana are meme coins. That is another reaso why Solana has been gaining popularity and it's price has been rising.