It seems like the memecoin market mania over the past few months might be coming to a conclusion as heavyweights like PEPE start to pull back. At the same time, it seems that investors are starting to choose to park their cash in presale tokens again, as the stability provided and guaranteed returns make it a much less risky investment.
In particular, there’s one presale that is currently on fire after it managed to raise over $2 million in fundraising in under one week. Investors are certainly experiencing the FOMO as they rush to purchase Wall Street Memes at the lowest prices possible to get positioned before the tier-1 exchange listing.
Is The PEPE Craze Coming to a Conclusion?
To the dismay of many, it seems like the memecoin season is coming to an end as heavyweights like PEPE start to fall. After providing over 30,000% returns for investors in May, PEPE is now down by a total of 12% over the past week, with a further 21% decline over the past fortnight;
PEPE was by far the leading memecoin in the latest surge, reaching a market cap of well over $1.5 billion at its peak. Unfortunately, the current market cap is now sitting at around $500 million, and investors are speculating that PEPE isn’t as lucrative of an investment as it once was. This is largely due to the fact that another $500 million added to the PEPE market cap would only produce a 2x return for investors today.
As a result, many are deciding to park their cash in presales during the current downturn, and Wall Street Memes certainly seem to be the top selection for most.
Wall Street Memes New Meme King After Raising $2.5 Million in One Week?
Wall Street Memes is a new project that analysts are picking as the next meme king, considering it managed to raise over $2.5 million in just one week from going live. Wall Street Memes is a cryptocurrency representation of the internet’s triumph against big capitalism. It was born out of the fiasco surrounding GameStop in 2021, where the little guy challenged Wall Street to their own games and sent some institutions tumbling down.
Introducing $WSM – yep, we’ve gone and done it.
The community token that’s flipping the Wall Street Memes game upside down! 🐂We have 50% of the #Token supply up for grabs in the #Presale and 30% set aside for rewarding our community.🔥
Let’s make some serious waves together,… pic.twitter.com/fH2TMGmglZ
— Wall Street Memes (@wallstmemes) May 27, 2023
The Wall Street Memes project is now tokenizing the movement where the little guy can defeat Wall Street through the WSM token, allowing people to engage in the speciation with a little twist of humor on top. The fusion of internet culture, meme-based humor, and traditional finance creates a project that has the potential to become the next memecoin sensation over the coming months by making satire out of the traditional financial system while providing opportunities for individuals to participate in cryptocurrency investments.
Wall Street Memes Set for Explosive Growth With Massive Community
One of the primary driving forces behind the explosive presale so far is due to the fact that Wall Street Meme has a huge community behind it. The project has over one million followers across its social media channels, which has many analysts believing it pretty much guarantees them a listing on a major tier-1 exchange in the future. In fact, some analysts are even suggesting that Binance might target WSM as its next memecoin addition due to its huge community.
The community has been built over the years and is connected to the Wall Street Bets NFT collection, which was released in 2021 and sold out in just 32 minutes. The 420 NFTs that were minted have seen over 1,800 in ETH trading volume – which is worth around $3.3 million at today’s low ETH prices.
Although the token itself has no utility, the strength of Wall Street Memes lies in the robust community behind it. Adding further to the excitement, Elon Musk himself has engaged with the profile before – leading some investors to believe that he might come back and buy WSM (or Tweet about it) at some point in the future.
Presale Still in Early Stages With Respectable Returns on Launch
The presale for Wall Street Memes is officially underway, raising a total of over $2.5 million in under one week as the FOMO starts to kick in. The presale is currently in the fifth stage of fundraising, selling the token for a price of $0.0262.
However, it’s important to note that the presale uses a rising pricing strategy, meaning that the cost of WSM will increase during each subsequent presale stage. For example, once the fundraising crosses $2.56 million, the sixth stage will commence, and the WSM token price will increase to $0.0265. The price for the token will continue to increase until the final stage sells it for $0.0337.
As a result, investing earlier is the best option, as the lower price levels allow you to leave the fundraising with higher levels of unrealized gains.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
