- SLERF has made news as the memecoin with the highest liquidity.
- The token toppled top contenders like WIF and PEPE.
- However, SLERFโs market has significantly shrunk.
Solana-based memecoin SLERF has recently surged in popularity to lead the top 10 memecoins with the highest liquidity on decentralized exchanges (DEXs), Lookonchain said Saturday.
SLERF was born out of a $10M token presale in March, which ended with the tokenโs developer accidentally burning all the funds raised in the event. Despite the setback, the tokenโs price pumped aggressively, printing an intra-day jump of 414.3% to attain a market cap of over $750 million shortly after the mishap.
SLERF Leads Top 10 Memes Coins DEX Liquidity
According to a Lookonchain analysis on September 7, SLERF has toppled popular tokens like dogwifhat (WIF), FLOKI, and POPCAT to become the top meme coin with the highest liquidity on DEX.
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SLERFโs liquidity on DEX stands at $46 million, against WIFโs $21 million, which ranks the token at position seven out of the top ten memecoins. FLOKI and POPCAT claimed positions five and nine with a DEX liquidity of $29 million and $15 million, respectively, while PEPE claimed third with $36 million.
In terms of market capitalization, PEPE leads all the memecoins on the list with $2.7 billion, ahead of WIF and FLOKI at $1.47 billion and $1.12 billion, respectively.
Other notable memecoins that featured on Lookonchainโs analysis included BOOK OF MEME (BOME), MEW, BabyDoge, and WHY, which had a DEX liquidity of $37 million, $30 million, $17 million, and $16 million, in that order. Simons Cat (CAT) was last on the list with a DEX liquidity of $14 million.
Read this article to learn more about dogwifhat (WIF) memecoin:
dogwifhat (WIF): What Makes WIF the Most Ridiculous Meme Coin Yet?
Stay updated on SLERFโs DAO governance system:
Slerf Bolsters Project Governance with DAO Voting for SLERF NFT Holders
