The launch of the $WSM token marks an exciting new chapter for the Wall Street Memes community, a group that already boasts a following of over 1 million strong across multiple social media platforms. The $WSM token presale has garnered close to $5 million in just 12 days, surpassing the 32-minute sell-out record set by the Wall Street Bulls 10,000 piece NFT collection in 2021. Some analysts believe that the token’s rapid success and the backing of a strong and engaged community all but guarantees its listing on top-tier crypto exchanges like Binance.
Unlike other token launches, 100% of the $WSM token supply is designated for the Wall Street Memes community, with no allocations for private sales or team distributions. The token supply will be divided as follows: 50% available during the presale, 30% for community rewards, 10% for CEX liquidity, and 10% for DEX liquidity. With such a significant portion of the supply allocated to community rewards, airdrops to holders are anticipated to play a significant role in the token’s ecosystem. The first $WSM airdrop is currently open, with eligibility based on engagement with the token on social media platforms and Discord channels.
Purchasing $WSM tokens will require having ETH, BNB, or USDT (in either ERC-20 or BEP-20 versions) in one’s crypto wallet and connecting directly through the Wall Street Memes website. Some analysts have predicted exponential gains for the $WSM token, with YouTube crypto influencer Michael Wrubel suggesting that the $WSM token has the potential to become the next $1 billion meme coin. Given the fully diluted market cap of around $60 million at launch, this prediction implies gains of at least 17x.
Others are even more optimistic about the $WSM token’s prospects. Popular crypto analyst Crypto Gains, who commands a YouTube following of over 100,000 subscribers, expects the token to achieve gains of between 100x and 1,000x. The bullish sentiment is due in large part to the strength of the Wall Street Memes community, which is seen as a significant advantage over other meme coins.
Crypto YouTube influencer Clinix Crypto also echoes the 100x prediction, while other influencers like Crypto ZEUS, Oscar Ramos, CryptoTV, Goalorious, Crypto Costa, and Alessandro De Crypto have all praised the project, though without specific price predictions.
Despite the rosy forecasts and fervent community support, it is vital to remember that the crypto market is notoriously volatile and speculative. While the $WSM token seems poised for success, potential investors should approach investing in such tokens with caution and an awareness of the risks inherent in the market.