The Wall Street Meme retail investment community’s recently launched meme coin $WSM is in boom mode, up 3x since pre-sale.
In 24-hour trading volume, the Wall Street Memes token is bigger than the main meme coins Pepe and Shiba Inu.
The token is up 56% at the start of the weekend at $0.071 for a market cap of $142 million.
Early pre-sale buyers are sitting on nearly 3x earnings after a 183% price increase, with the price set to kill a zero to reach $0.10, possibly in the next few hours.
Those who bought when $SWM launched on Tuesday on centralized exchanges like OKX are sitting on a return of over 100%.
$WSM hit an all-time high of $0.089 at 7:00 UTC.
$WSM is consistently trending among the top earners on DEXTols and also on Coinmarketcap.
Wall Street Memes’ main product launch is coming in October
Fast price loading comes next Wall Street Memes sparked the launch of its first product and token buyback program to be launched in October via a post on X (formerly Twitter).
Wall Street Memes is already supported by a 1.1 million strong social community that grew out of the meme stock movement. Its mission to democratize finance and take on Wall Street is finding an eager following in the crypto space.
In addition, the project is being helped by the fact that Elon Musk has interacted with his X account (formerly Twitter). There are even rumors that Musk could be one of $WSM’s whale buyers.
Add to that the fact that $WSM has a staking utility out of the box, unlike many usage meme coins that have no utility features.
Buying interest is being further fueled by news that the team will launch at least one major product in October and conduct a burn program. There were rumblings about product launches during the pre-sale, but now it’s official.
A product(s) tied to the $WSM token would increase its utility, potentially also increasing its demand, while a buyback program would decrease the supply of $WSM tokens over time, increasing their scarcity and the value of remaining tokens
Trading volume beats Shiba Inu and Pepe – more top exchange listings coming in 3 days
Wall Street Memes has racked up a 24-hour trading volume of $79 million, currently surpassing Siba Inu at $74 million and Pepe at $70 million.
As the market attracts more traders, other major exchanges will take notice in addition to OKX and Huobi.
Before its first listing, there were rumors of a Binance launch. After $WSM’s explosive start to trading, this possibility is looking more and more like a near-term race certainty.
$WSM is trending as the main meme currency OK and a Binance listing could soon see him permanently establish himself as one of the top dogs in the meme coin world.
According to the countdown on the website, the next top-level exchange list will take place in three days.
Wall Street Memes’ $1 billion valuation might be a conservative estimate
In other words, the team’s stated goal of achieving a $1 billion valuation might be a conservative goal.
When Pepe launched on Binance, it shot up 2,000%. But as mentioned, $WSM has a utility that coins like Doge and Pepe don’t have. Even Shiba Inu, which has returned 26,000% for some early investors, has struggled to add a layer of utility, as seen in its stuttering launch Shibarium.
In addition to OK and Huobi, MEXC, BitMart, LBank and Coinex have also listed $WSM, less than a week since launch.
The more exchanges that make $WSM available, the easier it is for retail investors to buy the token, creating a bullish virtuous circle for the price.
In terms of $WSM’s performance utility, 540 million tokens are listed, yielding an annual percentage return of 37%. So, in addition to capital appreciation, $WSM token owners can lock in a passive income stream, making the token doubly attractive.
Traders should also note that Wall Street Memes is currently running a generous $50,000 airdrop contest, which is open to entry. in Gleam.
As news of Wall Street Memes spreads like wildfire through the crypto space, it might not be too long before Elon Musk tweets about it. Either way, with a mysterious major product launch coming soon, $WSM is the latest hot coin in crypto.
In terms of market capitalization, Wall Street Meme is the seventh largest meme coin.
Add Meme Kombat and Bitcoin Minetrix to your wallet for more $WSM-like earnings
Opportunities like Wall Street Memes don’t come around that often, but there could be a purple patch of hot coins that could also be set up for stellar releases.
Meme Kombat ($MK) is one, now on sale for $1,667. This meme character fighting platform brings together memes in combat, allowing players to bet on the outcome. There really isn’t anything like it anywhere else in crypto, and it’s now on presale.
The project has raised $147,000, with an initial goal of $1 million. You can buy Meme Kombat tab today with ETH, BNB or USDT.
Another promising project with a genuinely unique use case is Bitcoin Minetrix. It offers the world’s truly decentralized cloud mining. Simply stake the $BTCMTX token and earn credit, which can then be used to mine Bitcoin.
No cash changes hands and everything is automated through smart contracts. Bitcoin Minetrix kills the stone scammers and is a much more efficient route to mining for retail investors.
$BTCMTX is priced at $0.011 and the project has raised almost a quarter of a million dollars in days, so there is no time to waste in investing in one of the most innovative projects in crypto right now.
Visit Meme Kombat
Visit Bitcoin Minetrix
Disclaimer: The cryptocurrency projects endorsed in this article are not the financial advice of the author or publication of the publisher: cryptocurrencies are highly volatile investments with considerable risk. Always do your own research. You can lose all your capital.