In an unexpected development, the Solana-based
The mishap, which took place in March 2024, sent ripples through the crypto world. In conversations with Decrypt and COINOTAG, Grumpy described the incident as "the biggest mistake of my life," explaining that the accidental burning of liquidity and airdrop tokens left supporters empty-handed. However, Grumpy's swift and open acknowledgment—through Twitter Spaces and honest statements—helped transform initial backlash into widespread support. After the event, Slerf's market capitalization soared to $740 million, driven by meme enthusiasm and the token's appeal to risk-takers.
The reimbursement initiative, launched in late 2025, was funded by a mix of trading fees, community donations, and revenue from the project's ecosystem. Grumpy stressed that "every bit of donations, revenue, or support" was allocated to making investors whole—a pledge that took nearly two years to honor. The final round of payments, verified on-chain and announced via Slerf's X account, ensured that the original wallets received their funds. Some recipients only realized they had been compensated as the process was wrapping up.
Although Slerf's market value has since dropped to $28.1 million, the successful refunds have cemented its legacy in crypto history. The community celebrated the accomplishment online, with one user describing it as "the only
Looking back, Grumpy attributed the positive outcome to the community's "persistence, transparency, and commitment." The developer now refers to Slerf as an "S-tier memecoin," and has hinted at upcoming improvements as the project transitions to a new token contract.