NegenTropy Capital Partner Initiates Fight For Community Takeover

According to BlockBeats, on October 12, NegenTropy Capital partner Billy Wen announced on social media that negotiations with the Slerf development team regarding a Community Take Over (CTO) had failed. As one of the largest holders of SLERF, Wen decided to initiate a Fight For CTO (FCTO) to address the remaining refund issues from the presale. Coingecko data indicates that Wen's statement led to a nearly 40% increase in SLERF's value within 24 hours, with the price briefly surpassing $0.21. At the time of reporting, SLERF was priced at $0.1955, with a market capitalization of $97.3 million.