Coins that draw inspiration from Internet memes represent a special category of cryptocurrencies. Their significance lies primarily in their community, which can reach up to one million people, as in the case of the Wall Street Memes token.
Despite their inherent volatility and risks, meme coins have the potential to generate high returns. For those looking to diversify their investment portfolio with tradable assets, we should break down a few of the most notable meme coins from Twitter trends.
5 meme cryptocurrencies in Twitter trends
Twitter is a major source of information about memcoins. However, trends on this social network need to be analyzed especially carefully. It’s worth considering the coins that have soared to the top of Twitter and figure out which ones are really worth paying attention to:
- Wall Street Memes is a crypto project known for its NFTs and robust online community of over a million people. Presale has already raised over $15 million and the coin is trading at a discounted price of $0.0316.
- Chimpzee is a token that benefits the world through charity while providing passive income to investors. The presale has raised over $850k. For now, the coin is available at a bargain price of just $0.000775.
- CENA is a recently released meme coin created in honor of WWE wrestling superstars.
- LADYS – a meme coin that gained popularity after a tweet by Ilon Musk.
- PEHUB – a new token that grew 35,000% in five hours.
Wall Street Memes
The developers of the Wall Street Memes cryptocurrency have entered the market with the goal of creating an authentic meme coin rooted in internet culture. The strength of this project lies in its million-strong community, which has come from the team’s previous successes.
Before creating the cryptocurrency, the developers decided to conquer the NFT sphere. In 2021, they released 10,000 digital assets, naming the series Wall Street Bulls. The pictures were sold out in just half an hour, raising $2.5 million.
The WSM meme coin itself was born out of the retail revolution that caused Gamestop stock to short squeeze in 2021. The new meme coin is a symbol of retail traders’ struggle against an oppressive financial system.
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At the time of writing, the WSM pre-sale has already raised over $15 million. The token can be purchased at a bargain price compared to the final stage. WSM is currently priced at $0.0316, but will go up to $0.0337.
Additional pluses:
- There will be airdrop $50,000 in WSM in four months.
- The entire stockpile of meme coins, capped at 2 billion, is set aside for investors and project development.
- Ilon Musk has commented on several Wall Street Memes memes on Twitter already.
Chimpzee
Chimpzee is a new Web3 project that has quickly gained popularity among crypto-enthusiasts due to its usefulness. Many species of animals and plants are going extinct, and the development team wants to change this situation.
The ecosystem consists of three parts: a store, an NFT trading platform and a crypto game. Participating in any of them, the user receives passive income. For example, by purchasing Chimpzee goods, one can earn CHMPZ tokens. In addition, part of the purchase amount goes to charity.
Most meme coins are based on speculation and hype, so they often cannot maintain their value for a long time. However, Chimpzee has a utility that will influence value growth in the long run.
Right now, the CHMPZ token is being sold at a discount as part of a presale. The presale has already managed to raise more than $850k. One coin costs $0.000775, and the presale consists of 16 stages, during which the tokens will grow in value.
The cost of CHMPZ at the final stage will be $0.00185. This means that by investing in this promising project early on, there is a potential opportunity to earn a return of 100% or more.
Features of the Chimpzee ecosystem:
- By trading on the NFT market, the trader receives a percentage of commissions from the platform.
- NFT passport offers benefits such as in-store discounts and returns of up to 20% per annum from steakage.
- Pre-sale stage investors will receive 125% extra CHMPZ.
CENA
CENA is a new meme token based on the Ethereum blockchain and created in honor of John Cena, a famous actor and wrestler. The coin rose 200 times, which immediately caught the attention of traders. However, according to analysts, it is this sharp rise in price that probably indicates that the asset may be fake. According to Web3 Antivirus, CENA is a risky investment.
According to DEXTools, the token is worth $0.00001207 and has a market capitalization of $1.2 million. 247 addresses own the coin, and the total supply equals 100 billion CENA.
Moreover, the meme coin has the lowest possible level of trust from the community. All 49 people unanimously voted against the trustworthiness of CENA.
While this meme coin faces skepticism from investors, crypto-enthusiasts buy tokens of new projects – Wall Street Memes and Chimpzee.
LADYS
LADYS is a meme digital currency representing the Milady NFT collection in the crypto industry. The token launched with a total of 888 trillion coins, with 94% of them sent to a liquidity pool. In addition, 1% was split between all holders of PEPE (another meme token) and Milady NFT.
The sharp rise in the rate of cryptocurrency LADYS was triggered by the publication of the head of Twitter Ilon Musk. On May 10, 2023, the businessman posted an image of a character from the Milady Maker NFT project with an ambiguous caption. The tweet reached nearly 30 million people and quickly went viral, garnering more than 257,800 likes and 25,000 retweets.
The price of LADYS soared more than 8,000%. The explosive growth of Milady Meme Coin highlights the influence of Ilon Musk on the cryptocurrency market.
The billionaire is known to be a fan of meme coins. Recently, he has been commenting on the tweets of a new project in this niche – Wall Street Memes (WSM). Many experts speculate that when the meme token hits the exchanges, Musk will pay attention to it. If this does happen, the coin could see similar growth as LADYS.
At the time of writing, the Milady Meme Coin is trading at $0.00000003375, with only a 1% drop in the last 24 hours. The creators of the digital currency have pledged to donate a portion of the proceeds to organizations that support women’s empowerment and gender equality. This makes the asset an attractive choice for socially conscious investors.
PEHUB
PEHUB is a new meme cryptocurrency that wants to become famous at the expense of another viral phenomenon known as PEPE. The token has risen over 35,000%, which has raised suspicions among crypto experts.
Analyst Jacob Crypto Bury has already warned its subscribers that PEHUB is a fraudulent project. A similar statement was also published by aggregator DEXTools.
As it turned out, PEHUB turned out to be a fake token mimicking another project. Traders should be careful when buying any new cryptocurrency assets on decentralized exchanges. For this reason, it is recommended to always check the development team and audits from reputable companies.
Wrapping up
Investing in meme cryptocurrencies involves significant risk due to volatility. In addition, fraudulent projects are sometimes created under the guise of such coins, so they require special scrutiny before investing. Nevertheless, their ability to generate substantial income makes them attractive investment assets. Thus, you should do thorough research and understand the potential risks and rewards before making purchasing decisions.
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Author: Saifedean Ammous, an expert in cryptocurrency economics.
