The cryptocurrency market appears to be experiencing a resurgence, as several tokens, including bitcoin and ether, are witnessing price increases. These prominent tokens are expected to generate profits for investors, particularly as 2023 seems to hold promise for a bullish market.
Nevertheless, the real opportunities for gains lie in altcoins, as numerous coins have already achieved significant growth this year. Notably, meme coins have been particularly lucrative for traders. One meme coin, Wall St Memes, is currently generating substantial excitement within the crypto community.
The WSM token has raised over $1.5 million in a flash, which is something that is truly remarkable given how recently the presale launched. We tell you everything you need to know about the presale and the WSM token here.
WSM Raises $1.5 Million in a Flash
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
In what is impressive even for a meme coin, the WSM token has managed to raised over $1.5 million in a very quick time frame. It’s stunning how the community has banded together to fund this project, which is quickly becoming something of a symbol for the crypto community.
As such, one can expect the token to sell out quickly as it moves on to the next stages of the presale. There appears to be no shortage in the interest in WSM, and investors are only going to hop on board even more quickly in the weeks to come.
The fact that community is a big part is important for any meme coin, but it is truly important for Wall Street Memes. To learn why this is the case, read on.
Wall Street Memes Has Hype and Strong Support
Wall Street Memes has emerged as a platform or community that originated from the GameStop controversy and the Wall Street Bets movement. It combines elements of internet culture, meme-based humor, and the financial world. The primary aim of Wall Street Memes is to satirize and mock the traditional financial system while providing individuals with chances to participate in cryptocurrency investments, with a particular focus on meme coins.
In essence, Wall Street Memes tokenizes the movement by creating its own cryptocurrency called the $WSM token. This token allows individuals to partake in speculative investments similar to those observed on Wall Street, but with a humorous and irreverent twist. By joining the Wall Street Memes community and investing in $WSM, individuals can express their support for the movement and potentially earn profits from meme-based cryptocurrencies.
Wall Street Memes signifies the triumph of the internet over unregulated capitalism, stemming from that very movement. In the ’80s, Gordon Gekko famously proclaimed, “Greed is good,” as he amassed wealth from worthless stocks. Now, after roughly three decades, numerous meme coins, which some may argue are even more valueless, present ordinary people with the same opportunity.
Wall Street Memes simply takes this movement and transforms it into a tokenized representation.
Check Out the WSM Token Soon
The WSM token is currently in its presale phase, priced at $0.0259, with an upcoming increase to $0.0262 in the next stage. Despite its short duration, the project has already raised almost $1.6 million during the presale. The token can be obtained using either ETH or USDT.
The WSM team has disclosed the tokenomics of the project. The presale portion accounts for 50% of the total token supply. Another 30% is allocated for community rewards, while the remaining 20% is evenly divided between CEX and DEX liquidity.
An airdrop is planned for the WSM token, and interested individuals can become eligible by joining and actively participating in various social channels. Holding and trading WSM tokens also qualifies individuals for the airdrop. Wall St Memes possesses distinctive qualities that contribute to its appeal.
Firstly, it has a significant and well-established community across various social media platforms. This existing user base provides a solid foundation for rapid expansion and growth. Additionally, interactions with influential figures like Elon Musk have undoubtedly had a substantial impact, considering his influence on meme coins.
The strong support from the community also increases the likelihood of Wall St Memes being listed on a prominent tier 1 exchange. This is a crucial factor for future growth and success, as it creates opportunities for greater visibility and accessibility to a wider audience.
Considering these factors, WSM is positioned to become the most notable meme coin of the year, which is quite an impressive accomplishment in itself.
Conclusion
There’s no doubt about it, meme tokens are here to stay and can offer some of the biggest boosts to portfolios. Wall St Memes is proving to be one of the most compelling meme coins in recent memory. It’s clear that it is more than just your garden variety meme coin. Check out their presale if it has piqued your interest.
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.
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