Following recent actions by the SEC and Chairman Gary Gensler against the crypto industry, leading digital currencies caught up in lawsuits against Binance and Coinbase are plummeting.
Popular projects like Solana (SOL), Polygon (MATIC), Cardano (ADA), and Binance Coin (BNB) have now run into trouble due to alleged “unregistered securities” status like Ripple (XRP). Their price charts have been steadily falling.
The $SEC meme token surged 25,000% after the SEC’s action
This does not apply to all currencies. Meme coins in particular have gotten a second wind after sensational rallies in April and May. This morning, a token dedicated to the SEC, aptly named “FuckTheSEC” ($SEC), is leading the way.
$SEC, which became an overnight sensation, seems to have caught the attention of a crypto community gripped by apparent discontent in the wake of SEC sanctions. Many retail traders claim that the SEC’s efforts to “protect investors” are actually the main cause of losses in portfolios this week. Therefore, the SEC token was destined to “take off”.
$SEC is up 25,000% in less than 24 hours, surpassing decades of gains in traditional stock assets. $SEC is currently trading at $0.0000009186.
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Uniquely, the price action seems pretty solid and has a steady stream of buyers fueling a well-protected consolidation over the past 6 hours. This makes the technical structure ready to move up as the crypto community continues to rally around the meme coin.
How can you protect your profits from the SEC’s actions?
Meme coins are popping up faster than regulators can fill out their forms. Another tool gaining popularity is presales, which offer users to participate in projects at minimal prices before launch, thereby protecting capital from market turmoil.
Be sure to take part in the pre-sale of the next big meme coin
A project that is quickly gaining popularity is the Wall Street Bets ($WSM) presale, which has risen to near the top of the top presale rankings in 2023. The Wall Street Memes token is not just another meme coin. It comes from the evolution of the Wall Street Bets movement and one of NFT’s flagship projects.
Accelerated growth: the $WSM presale phenomenon
Retail investors’ resistance to institutional dominance was widely seen during the Wall Street Bets movement. Wall Street Memes (“Wall Street Memes”) managed to turn this sentiment into a tangible asset. The $WSM not only tokenizes memes, but is designed to change minds about how markets price digital value.
At the current price of $0.028, the WSM presale has already raised an impressive $5.1 million, quickly approaching its goal of $5.27 million. The speed at which tokens are being bought up signals a large potential return for early investors.
By the end of the presale, traders could realize more than 30% profit. That said, the price is expected to rise further once $WSM is listed on major exchanges later this year.
How listings on exchanges can help the rapid growth of $WSM
Recognizing the importance of its community members, Wall Street Memes has set aside 30% of its total tokens as rewards for participants. This includes an ongoing contest with a $50,000 WSM raffle.
The significant influence of participants also indicates that $WSM will appear on top-tier cryptocurrency exchanges such as Binance, which could trigger bullish growth for the token. The Wall Street Memes presale offers a remarkable investment opportunity as the project is backed by successful digital asset launches and a huge community. Join the meme token revolution today. Buy $WSM and be part of the next big project on the market.
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Author: Saifedean Ammous, an expert in cryptocurrency economics.
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