Solana ($SOL) has yet a new memecoin, but one with a truly bizarre origin story. The Slerf ($SLERF) memecoin developer accidentally burnt all $10 million ICO tokens, something that could only occur in crypto in the middle of memecoin mania. Ironically, degens have seen this as a rallying cry to ape into this new token.
Memes continue to be market outperformers, and this vertical is destined to massively outpace all other verticals this cycle. Galaxy Fox ($GFOX) hailed as top meme ICO of the year and investors are not prepared for how high this asset class is going this year. They are undisputedly the top cryptos to buy right now.
Slerf ($SLERF): Developer Burns $10 Million
Slerf is one of the hottest tokens on Solana and is already closing in on a $500 million market cap. But why has this parody of a Sloth been soaring and seeing trading volume 3X its market cap? It all started with a single tweet that took off on Crypto Twitter like wildfire. It read:
‘‘Guys I fucked up. I burned the LP and the tokens that were set aside for the airdrop. Mint authority is already revoked and I cannot mint them. There is nothing I can do to fix this. I am so fucking sorry.’’
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Show more +The running joke that memecoins are a left-curve play truly shines through in a dev who ‘accidentally’ burnt $10 million of ICO tokens. Certain exchanges like Jupiter ($JUP) are stepping in to help presale buyers by donating trading fees. Is this one of the cleverest memecoin marketing stunts ever witnessed in crypto, or is it genuinely peak degeneracy and a low-IQ developer creating something incredible? Regardless of burning the presale funds, or perhaps because of burning the presale funds, $SLERF is soaring.
Galaxy Fox ($GFOX) 2024’s Leading Meme ICO
Galaxy Fox has emerged as 2024’s the top meme ICO of the year and catapulted itself into the top cryptos to buy right now. Shattering $5 million with ease and rapidly gaining on $6 million, time is ticking to get into this presale before its retail launch.
But what makes $GFOX a top crypto to invest in this cycle? In a bull market, narratives dominate, and Galaxy Fox is one of the only tokens that enjoys dual narrative support. Its unique hybrid architecture takes a standard memecoin build, incorporates a play-to-earn game & ecosystem, and finetunes the tokenomics model. The result is a P2E/ meme hybrid loaded with upside potential.
The Web3 endless runner game has attracted GameFi investors, and with prizes paid out at the end of each season, it provides an excellent onboarding ramp for new users to enter this ecosystem. Staking rewards are another major accomplishment, and $GFOX’s clever integration of a tax system allows for payouts without inflationary emissions. Combined with the token burn stakers are earning yield on a deflationary asset.
Its momentum grows daily, and with GameFi and memecoins being the dominant narrative trades this year, it would be no surprise to see $GFOX reach a billion-dollar valuation.
Closing Thoughts: Memecoin Supercycle Beginning
The top cryptos to buy right now are all memecoins, and most people forget that $DOGE peaked at a market cap of $88 billion last cycle. There is still an incredible amount of room left to the upside, and new launches like $SLERF and $GFOX are the frontrunners in this race.
Galaxy Fox is the best cryptocurrency to buy now and still massively undervalued in its presale. This $5 million market cap gem is on the verge of getting repriced, and the ROI potential is genuinely staggering. Jump into this ICO today!
Learn more about $GFOX here:
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