Meme Coin Price Action Turn Takes Positive Shift As Next Explosive Contender Raises Over 25 Million

There's a fresh contender in the game called Wall Street Memes ($WSM), and despite the market not being at its best, it has managed to pull in over $25 million in its presale. This shift in its price action is a signal that certain meme coins are still creating ripples, even when things are a bit shaky in the broader market.

Spotlight Desk

Updated on: 28 August 2023 10:50 am

Wall Street Memes ($WSM)

The crypto market has been on a bit of a roller coaster lately, especially with those big swings in the prices of top altcoins. And meme coins haven't been sitting this one out, either. They've been facing their own set of challenges in these uncertain times.

But here's something really interesting: There's a fresh contender in the game called Wall Street Memes ($WSM), and despite the market not being at its best, it has managed to pull in over $25 million in its presale. This shift in its price action is a signal that certain meme coins are still creating ripples, even when things are a bit shaky in the broader market.

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Wall Street Memes ($WSM) – Roaring Ahead with $25 Million in Chaotic Crypto Times

In these times of uncertainty, most major cryptocurrencies seem to be facing quite a struggle. But Wall Street Memes ($WSM) has emerged as a standout contender amidst the chaos, gathering impressive attention since its debut and now heading into its final presale phase.

$WSM has already pulled in a whopping $25 million during its ICO in just a little over 3 months. The team behind this project spilt the beans that Wall Street Memes is set to launch on some top-notch exchanges in just over a month, and that could really give the token a bullish boost.

Even more intriguing, the team has revealed plans for $WSM to feature its own on-chain Stake-to-Earn mechanism. But even before these announcements came into play, the token had already gained strong support from the community. It has deep ties to the legendary Wall Street Bets Reddit community, which was responsible for that iconic GameStop short-squeeze.

And speaking of community, Wall Street Memes has become the ultimate destination for finance-related laughs. Their social media presence garners over 40 million impressions each month, a force that could really push the token toward its impressive $1 billion market cap goal.

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Whales, Tokens, and Community – Wall Street Memes Unique Approach

Wall Street Memes has already managed to capture the interest of some pretty famous folks. And we're not talking about just anyone – it's none other than Elon Musk himself, the tech guru known for impacting meme-based cryptocurrencies like Dogecoin (DOGE) with his strategic tweets. Now, when Musk gets involved, things tend to get interesting, right?

But Wall Street Memes isn't just riding on celebrity hype. It's got more to offer. The presale has been seeing some serious whale activity, adding to the buzz. But beyond that, there's a cool plan for how they're distributing their WSM tokens. This strategy isn't just about coins; it's about building a solid community ecosystem.

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They're putting 50% of the 2 billion tokens into the presale, then another 30% is reserved for rewarding the community's active participation. As for the remaining 20%, that's all about maintaining liquidity across exchanges.

When you think about it, the fact that WSM has caught the eye of big names like Elon Musk, plus their well-thought-out token distribution plan, shows they're onto something. It's not just about hype; it's about building a community-driven project that's got some serious strategy behind it. And that combo could just be the recipe for success.

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Staking Bonanza – Wall Street Memes Unveils Incredible 101% APY

Wall Street Memes recently announced its staking feature, and there has been a lot of buzz surrounding it. The reason it's getting so much attention is that it's all about earning some serious rewards. When you hold your $WSM tokens, you can actually earn annual percentage yields (APY), and it can shoot up to a whopping 101%!

If you check out WSM’s staking dashboard, you'll see over 197 million tokens chilling in the staking pool. Sure, the APY might drop a bit as more folks start staking, but the good news is that those yields are expected to keep on the bullish side.

Staking isn't just about incredible rewards. It's like a smart move to encourage people to hold onto their tokens for the long run. And why's that important? Well, it helps stabilize the price when $WSM hits the exchanges after the presale. This tactic has already worked like magic for another new cryptocurrency called BTC20. It's inspired by Bitcoin and focuses on staking, and it's gone up by a solid 80% since it launched, even during the recent crypto market rollercoaster.

And there's more! Wall Street Memes has this mind-blowing $50K airdrop that's just for the presale supporters. They've got over 81,000 entries so far. If you want in on the action, just hop onto their Discord, complete a few social tasks, and you're all set.

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Conclusion

While the crypto market is full of twists and turns, Wall Street Memes ($WSM) continues to shine as one of the most promising projects, outperforming the odds with over $25 million raised in its presale. With Elon Musk's attention and a strategic distribution plan, it's not just about hype; it's about a community-driven project with a solid strategy.

The staking feature is a game-changer, offering up to 101% APY and stability in the long run. Plus, a $50K airdrop has already caught the attention of over 81,000 supporters. Now is the time to get in on the presale before the price skyrockets.