More than Pepe Coin and Shiba Inu, Wall Street Memes Price Pumps 56%, Trading Volume Beats Other Top Crypto Meme Coins
Retail investing community Wall Street Meme's newly launched $WSM meme coin is in breakout mode, up 3x since presale.
In terms of 24-hour trading volume, Wall Street Memes Token outperforms top meme coins Pepe and Shiba Inu.
The token at the beginning of the weekend was up 56% at $0.071 for a market capitalization of $142 million.
Early presale buyers are sitting on nearly 3x profit after a 183% price increase, with the price set to hit zero at $0.10, possibly in the next few hours.
On centralized exchanges like OKX, those who bought $SWM when it launched on Tuesday are sitting on over 100% returns.
$WSM reached an all-time high of $0.089 at 7am UTC.
$WSM is consistently trending among the top earners on DEXTols as well as Coinmarketcap.
Major production of Wall Street memes is coming in October
The immediate payoff comes after Wall Street Memes launched its first product and token return program in October via X (formerly Twitter).
Wall Street Memes is already supported by a 1.1 million strong social community from the Meme Shares movement. His mission to democratize finance and take on Wall Street is to find enthusiasm in the crypto space.
The project is also being helped by Elon Musk's association with the X (formerly Twitter) account. There are also rumors that Musk could be one of the buyers of $WSM Well.
Add that $WSM has a utility bundled out of the box, unlike many throwaway meme coins that have no utility features.
Buying interest is further boosted by news that the group will launch at least one major product in October and conduct a burn-in program. There were rumblings about the production launch during the pre-sale, but now it's official.
Product(s) associated with the $WSM token will increase availability and may increase demand, a buyback program will reduce the supply of $WSM tokens over time, increasing scarcity and the value of remaining tokens.
Visit Wall Street Memes here
Trading volume beats Shiba Inu and Pepe – more top trading details to come in 3 days
Wall Street Memes' 24-hour trading volume has topped $79 million, currently beating Ciba Inu with $74 million and Pepe with $70 million.
As the market continues to attract more traders, other large exchanges besides the likes of OKX and Huobi will take note.
Before the initial listing, there were rumors of a Binance launch. After the $WSM explosion in trading, that possibility is looking like a racing certainty in the near future.
$WSM is the top trending meme coin on OKX and the Binance listing may soon see itself permanently one of the top dogs in the meme coin world.
According to the count on the website, the next high-level exchange list is in three days.
Wall Street Memes' estimate of $1 billion may be a conservative estimate.
In other words, the team's goal of a $1 billion valuation may actually be a conservative goal.
Pepe rocketed 2,000% when it launched on Binance. However, as mentioned, $WSM has a utility that coins like Doge and Pepe lack. Even Shiba Inu, which returned 26,000% to some early investors, has struggled to add a layer of utility, as seen in the stuttering Shibarium startup.
In addition to OKX and Huobi, MEXC, BitMart, LBank and Coinex also listed $WSM, less than a week after its launch.
The more exchanges available for $WSM, the easier it will be for retail investors to purchase the token, creating a virtuous circle for its value.
As for the $WSM yield utility, 540 million tokens are covered by shares, yielding an annual percentage yield of 37 percent. So as well as capital appreciation, $WSM token holders can lock in a passive income stream, making the token doubly attractive.
Traders should also note that Wall Street Memes is currently running a generous $50,000 airdrop contest that can be entered on Gleam.
With news of Wall Street memes spreading like wildfire in the crypto space, it may not be too long before Elon Musk tweets about it. Either way, with the upcoming secret major product launch, $WSM is the latest buzz coin in crypto.
By market value, Wall Street Meme is the 7th largest meme coin.
Buy $WSM on OKX here
Add Meme Kombat and Bitcoin Minetrix to your portfolio for more $WSM-like profits
Opportunities like the Wall Street memes don't come around often, but there can be purple hot coins that can be made for stellar launches.
Meme Kombat ($MK) is one, now selling for $1.667. This meme character battle platform brings together memes in battle, allowing players to play on the outcome. There really isn't anything like it in crypto, and it's on pre-sale right now.
The project raised $147,000, reaching an initial goal of $1 million. You can buy Meme Kombat token today in ETH, BNB or USDT.
Another promising project with a really unique use case is Bitcoin Minetrix. It offers the world's truly decentralized cloud mining. Simply share a $BTCMTX token and get credit, which can then be used to withdraw Bitcoin.
No money is exchanged and everything is automated with smart contracts. Bitcoin Minetrix stonewalls scammers and is a more efficient way for retail investors to mine.
$BTCMTX is valued at $0.011, and the project has raised almost a million dollars in days, so now there is no time to lose investment in one of the most innovative projects in crypto.
Visit Meme Kombat
Visit Bitcoin Minetrix
Disclaimer: The cryptocurrency projects endorsed in this article are not financial advice from the publisher or publication – cryptocurrencies are high-risk investments. Always do your own research. You can lose all your capital.
