In a bizarre turn of events, the anonymous creator of Slerf, a Solana-based memecoin, inadvertently torched the entire $10 million worth of SOL tokens raised from presale investors.

The mishap unfolded when the project's developer, in what was described as a "simple mindless misclick," attempted to burn a portion of the tokens using Solana's web tools. However, the operation went awry, triggering the unintended revocation of the mint function and leaving investors empty-handed in terms of the promised SLERF tokens.

Expressing remorse, the project's official account on a popular forum apologized to presale contributors and team members, conceding the lack of a viable solution at present.

Nevertheless, despite the setback, Slerf has experienced an astonishing surge in market value, with speculators aggressively driving its price up by over 5,000% to $1.26, as reported by DexScreener. Liquidity for the token has soared past $170 million, showcasing remarkable resilience in the face of adversity.

According to data from the Slerf official website, the top contributor had invested 1,000 SOL tokens, valued at over $200,000 at the time, underlining the significant stakes involved in this unexpected turn of events.