There has always been a lot of intrigue and excitement around successful meme coins in the cryptocurrency market. Projects such as Dogecoin, Shiba Inu, Love Hate Inu, and Pepe Coin have experienced quite a surge in recent years. However, almost all of them have lost a lot of steam in the last few months, which has led investors to seek out other up-and-coming meme coins that have the potential to explode. One such meme coin that has been generating noise for all the right reasons is Wall Street Memes ($WSM).
PepeCoin’s Demise – Time to Invest in the Wall Street Memes Token
Things started really well for PepeCoin, with the token reaching a peak of $0.000004408 on May 5th, 2023, which represented an increase of over 75,000%. However, it dropped to $0.000001 by May 19th, losing 75% of its value. PepeCoin suffered from regulatory and legal challenges and also suffered from a lack of innovation and differentiation from most other meme coins. It also didn’t have a clear roadmap or vision, which deterred many serious investors.
As the cryptocurrency market picks up steam again, investors are on the lookout for the next big meme coin. The perfect candidate for this title is Wall Street Memes Token ($WSM). The project is the brainchild of the team behind the famous Wall Street Bulls Non-fungible token collection, which sold out in a little over 30 minutes. It is poised to capitalize on the massive support of communities on Twitter and Reddit. Let’s do a deep dive into the project and explore 5 compelling reasons to invest in $WSM.
Wall Street Memes Token – The Revolution in the Meme World
Wall Street Memes Token has already started generating a lot of buzz in the crypto market. The meme coin symbolizes the Internet’s victory in the infamous Gamestop scandal. It has attracted support from individuals who want to stand up against Wall Street giants.
The origins of this project can be traced back to the GameStop saga that gripped Wall Street in 2021. One of the most popular subreddits for casual stock traders, Wall Street Bets, decided to stop the big Wall Street players from shorting GameStop. To do this, they invested heavily, which drove up the price of GameStop to $483 by January 28th.
As a result, many big Wall Street investors found themselves in an unprecedented short squeeze. They were on the verge of bankruptcy until several online brokerage firms, such as Robinhood, stopped GameStop trades. That didn’t stop a lot of these investors from losing big, such as Melvin Capital, which lost 53% of its investments, causing it to shut down the following year.
This spark created the movement that ultimately culminated in the birth of the Wall Street Memes Token. Owning a $WSM token can be likened to a badge of honor for everyone who is a veteran of the Gamestop War. The token differentiates itself from other meme coins by having such a powerful story with a mission statement.
$WSM Presale has Surpassed All Milestones
Due to the strong story behind the project, it's no surprise why $WSM is having such a successful presale. It has managed to sell more than $4.6 million worth of $WSM tokens in less than 10 days. Along with those who already know about the GameStop fiasco, newer investors are also joining in, expecting the token to surge at least 20x once it is listed on exchanges.
One thing that investors need to know is that the presale period is rapidly drawing to a close. So investors need to make their move before the hard cap is reached. Investors also don’t have to worry about $WSM being a pump-and-dump scheme, as the project has been fully verified beforehand.
A Massive Community Around Wall Street Memes Token
The concept of Wall Street Memes is rooted in the Reddit thread r/wallstreetbets, which has more than 2 million subscribers. Even if the project isn’t supported by all of them, even a huge chunk of these subscribers supporting the project will boost its value. Additionally, considering the Twitter, Instagram, and Telegram supporters, $WSM is high on everyone’s list.
The project has also attracted the attention of several YouTube influencers, who have voiced their opinions on it. For instance, YouTuber Jacob Bury pointed out the interactions between the official Wall Street Memes Token Twitter account and Elon Musk.
Another popular YouTuber, Michael Wrubel, also had good things to say about $WSM and has personally acquired some. He also pointed towards the project’s creators, their past achievements and credentials. This caused Wall Street Memes Token’s presale to experience a massive surge, with almost all tokens sold out.
Tokenomics of Wall Street Memes Token
One of the hallmarks of a successful meme token is a strong tokenomics model. Wall Street Memes Token has a simple one, with half of the tokens being allocated towards the presale. 30% of the tokens are allocated to a reserve for community rewards.
The remaining 20% of the token will be used for liquidity and will be allocated equally among CEX and DEX platforms. This makes it clear that no tokens are allocated to the team or another entity.
Exciting Giveaways are on Offer
Giveaways are a great way to motivate buyers and spread the word about new projects, and Wall Street Memes Token has done just that. It has announced that it will host a giveaway worth $50,000, which will be divided among five lucky winners. To participate in this event, individuals have to follow the project on Twitter, Discord, and Telegram channels and hold a $WSM token.
With the cryptocurrency market recovering, several investors, advisors, and analysts are pointing towards the Wall Street Memes Token. The project’s detailed concept, strong fundamentals, and tokenomics model have attracted the attention of investors from far and wide. The token also has a lot of backing, with the likes of Elon Musk interested in it. With the presale crushing all milestones, investors should hurry up and position themselves for the gains to come.