The fascination of crypto market participants with meme coins has led to the fact that the market capitalization of this niche already exceeds $15 billion, and the trading volume increased by 15% per day. These tokens are known for rapidly rising in value and just as rapidly falling. However, there is one new meme cryptocurrency that is expected to generate returns for investors for a long time.
The Wall Street Memes (WSM) coin has raised nearly $14 million in its pre-sale, and thanks to numerous social media followers and the early success of the developers, the hype around the meme token continues to grow.
Wall Street Memes – cryptocurrency from Reddit rebels
Wall Street Memes is a new meme token launched by the founders of the Wall St Bulls NFT collection and members of the popular Reddit community. The team sold out all 10,000 Ethereum-based NFTs in 2021 in its first edition in just 30 minutes. Building on their experience and success, they decided to create their first token, Wall Street Memes.
This project has over a million followers, including half a million on a page dedicated to Internet memes about Wall Street speculators. Followers on Twitter have been actively sharing Wall Street Memes posts since as early as 2019. World-class celebrities like Ilon Musk and Gary Vaynerchuk have even commented on the community’s memes.
WSM has a total valuation of 2 billion. 50% is allocated for the pre-sale phase. The remaining tokens will be used for community rewards and liquidity on exchanges.
WSM is trading at $0.0313. By the end of the pre-sale, the coin’s value will reach $0.0337. Since there are still several stages of the presale ahead, investors may have time to buy the meme cryptocurrency at a discount. Additional benefits are as follows:
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- Meme token is 100% focused on its fans, as they will own all assets.
- Pre-sale investors can join the WSM giveaway by subscribing to the community’s social media pages.
- It won’t take long to get listed on top tier exchanges like Binance due to the huge support from buyers.
Wall Street Bets is the community that stopped the manipulation of institutional investors
Reddit is a hybrid of a social network, news aggregator and discussion forum. The platform hosts a wide variety of communities. One of them is r/wallstreetbets. It talks about stock trading strategies run by individual investors.
The community gained attention in 2021 when traders started buying up all the shares from GameStop, a video game company. This business, like many others, was hit hard by the pandemic. This was reason enough for several hedge funds to start selling their stock in hopes that they would go bankrupt.
However, retail traders stood up to the large institutions and won. Members of the community made a 992% profit on GameStop options. Since then, Wall Street Bets has disrupted the traditional financial landscape by harnessing the power of community and memes.
The team’s new project, Wall Street Memes, is growing in popularity. They even managed to get the attention of Ilon Musk, who shared a link to their channel on his Twitter.
The pre-sale of the Wall Street Memes token is a true reflection of this new financial movement. The confrontation has spawned an established community that strongly identifies with the slogan being promoted. They fight capitalism and provide retail investors with new opportunities.
Moreover, a movie will be released in September 2023 that will tell the story of the confrontation between Reddit traders and Wall Street gatekeepers. For this reason, more potential investors are expected to learn about the project and its ideas.
3 Reasons to Pay Attention to Wall Street Memes Presale
When it comes to meme coins, social media hype is 90% of the key to success. Wall Street Memes token has it in abundance. Their Telegram channel is experiencing explosive growth in new members (10,000 in six weeks). In total, their social media pages have over a million fans subscribed to them.
In addition, the creators of Wall Street Memes are tightly entrenched in the Web3 space and have developed a new NFT collection along with the launch of a meme coin. Known as Wall Street Bulls Ordinals, it will consist of 420 pieces. The coinage itself is being minted on the Magic Eden bitcoin ordinals marketplace.
Due to its large community, the WSM coin has an advantage over other meme tokens such as Wojak or Pepe. For this reason, it is expected that the cryptocurrency will be able to avoid the “pump and dump” phase of value that many meme tokens go through.
Another reason that could lead to the success of the project is the transparent tokenomics. 30% of the coin offering is for community rewards, guaranteeing continued engagement. There will be many contests and airdrops. These will not only keep the value stable, but also reward loyal holders of the asset. The first WSM giveaway is already underway – $50,000 will be raffled off between five lucky winners.
Once the pre-sale is over, WSM will appear on numerous centralized and decentralized exchanges. And thanks to the incredible support of the community and interaction with Ilon Musk himself, there’s a chance that the meme coin could end up on a prestigious exchange like Binance.
Wrapping up
The Wall Street Memes team is running one of the most successful pre-sales in the crypto asset market. In just a few hours, they managed to raise $200,000. To date, the amount raised is $14 million and it has only been seven weeks since the presale started.
WSM has emerged with the aim of becoming a true meme coin promoted by internet culture. The strength of its nature lies mainly in its “virality” and the million-dollar community that supports it. Thanks to the hype generated and the attention of Ilon Musk, this project is positioned as a worthy successor to the Dogecoin and Shiba Inu meme coins that have already made history.
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Author: Saifedean Ammous, an expert in cryptocurrency economics.
