- InsightsInsights
- CryptocurrenciesCryptocurrencies
- Stocks
- White Papers
- IndustryIndustry
- GeographyGeography
We are now just a matter of hours away from the historically successful presale of Wall Street Memes ($WSM) coming to an end. When the creators initially set out their stall the funds they wanted to raise seemed to be very high. However, they have proven all the naysayers wrong and have raised well in excess of $25 million (!).
Now with just 48 hours left to buy investors are still flooding in to try to get the meme coin at the very generous price of just $0.0337. Considering the hype around this project that price will likely disappear very soon after listings begin.
Those listings for Wall Street Memes will begin two days after the presale ends and rumors are swirling about where the meme coin could be listed. It is rumored that at least two tier-one exchanges are going to list $WSM but we are yet to know which ones yet.
One crypto Youtuber thinks Binance will be one of these tier-one exchanges which would be huge news for the project. Binance normally waits for a little longer in a meme coin's lifespan before listing them, like Pepe Coin and Floki for example. However, given the huge amount of hype around Wall Street Memes we wouldn't be surprised if they wanted to get involved straight away.
So, we have mentioned the hype enough times surrounding this meme coin but where does it come from? Let's take a deep dive into Wall Street Memes and see what makes it the most hotly anticipated coin launch of Q3 2023.
There may be some skepticism from readers who have not heard of this project and are thinking about how many meme coins have tried and failed to crack the top two on the meme coin leaderboard. Dogecoin and Shiba Inu have been around for so long now and have dominated in that same time period that it seems impossible.
Wall Street Memes ($WSM) however, brings to the table something that makes it as close to a guarantee as possible. That is a huge built-in community. The trajectory for even successful new meme projects is generally pump big and fast before burning out in the medium term. This is what keeps Dogecoin and Shiba Inu at the top; they have created and sustained a huge community that keeps their market cap high.
This is what Wall Street Memes bring to the table already. They have a huge online presence that spans different social media accounts and has well over 1 million followers across these accounts. They are known as a great place for crypto lovers to go for funny memes but also earnest discussions on the finance and crypto worlds.
They came to prominence after the 2021 Reddit group Wall Street Bets decided to take on Wall Street and in particular hedge funds that shorted brick-and-mortar stocks like GameStop. The movement caused chaos in the financial world, made international headlines, and even caused one hedge fund to declare bankruptcy.
From this movement, Wall Street Memes was created and they wish to carry on this anti-bank movement through a tangible asset for those that share their viewpoints. The Twitter account is the jewel in their crown and now has over 275k followers which is an increase of 50k since the presale began. This just shows the power of what Wall Street Memes is building.
The Twitter account is also followed by a lot of big hitters in the crypto world. YouTuber Cameron Fous and NFT marketplace Magic Eden are just two but there are many others that widen $WSMs reach. Twitter owner Elon Musk has even interacted positively with the account. Speaking of Musk, some even think he may be an investor in $WSM.
This is because one crypto whale decided to go very big when it came to $WSM. After originally purchasing a significant amount the whale then came back in and purchased $840k worth two weeks later from 5 different wallets using ETH to take their total to $1 million worth of $WSM. This huge amount could indicate a big-time player like Musk.
We mentioned that Wall Street Memes are anti-bank and therefore for the people. Their Tokenomics proves that they back up their word. 50% of the total allocation was available during presale, 20% for liquidation, and crucially 30% for community rewards. This is where an important wrinkle comes in.
A new trend is emerging in the crypto market and that is staking. Of course, proof-of-stake coins have been around for years but now it seems every new project is including it. It is rare for meme coins to implement staking but the team behind Wall Street Memes clearly understands the value of capitalizing on a trend.
What is most important about what they are doing is investors can stake right from when they purchase tokens during presale. At the time of writing, over 355 million tokens have already been staked which gives an estimated APY of 56%. This staking system not only rewards investors but gives them an added layer of security that gives them even more of a chance to pump once these listings begin.
So we won't go on for much longer because if you are not convinced by everything we have written already there is not much we can do for you. This is one of the most hotly anticipated listings in market history and for good reason. It will be enticing to see how far Wall Street Memes can go and if they can topple the big two at the top of the meme coin ladder.
