The recent surge in interest for Raptor Token (RAPTOR), a cryptocurrency based on the iconic Raptor Jesus 4chan meme from 2006, has seen its value skyrocket over 3,000% since its launch on decentralized exchanges on Monday. With a market cap of around $5.6 million and nearly $1 million in liquidity, RAPTOR has caught the attention of investors and traders alike. Trading volumes remain high as the project enters Phase 2 of its roadmap, which includes gaining traction on Twitter, launching a marketing campaign, securing centralized exchange listings, and expanding the community via Discord, Reddit, and 4chan. However, while RAPTOR’s rise has been remarkable, some crypto whales are focusing their attention on a lesser-known meme coin created by the popular internet retail investing community, Wall Street Memes.
Wall Street Memes has recently launched a presale of its associated $WSM token, raising $7 million in just over two weeks. This has surpassed the success of their 10,000 piece NFT collection, Wall Street Bulls, which sold out in 32 minutes and made $2.5 million. Crypto whales have been aggressively buying into $WSM, with EtherScan reporting several instances of whales purchasing significant amounts of tokens. It seems that the growing popularity of Wall Street Memes is driving interest in $WSM as well. The community boasts over 1 million members across various social media platforms, including Instagram and Twitter.
The $WSM presale is notable for its accessibility, as 100% of the token supply is up for grabs with no behind-the-scenes private sale or special allocations to the Wall Street Memes team. The token supply is distributed as follows: 50% for presale, 30% for community rewards, 10% for centralized exchange (CEX) liquidity, and 10% for decentralized exchange (DEX) liquidity. This distribution strategy suggests that airdrops to holders could be an integral part of $WSM’s growth plan.
To participate in the presale, investors will need to hold either Ethereum (ETH), Binance Coin (BNB), or Tether (USDT) in their crypto wallets and connect to Wall Street Memes through the website.
As both RAPTOR and $WSM continue to generate excitement in the crypto world, it remains to be seen whether these tokens will achieve long-term success or fade out as quickly as they rose. While RAPTOR’s embrace of social media trends and $WSM’s dedicated community are undoubtedly driving their success, crypto enthusiasts should be aware of the risk of investing in new and unproven projects. It’s worth keeping an eye on both RAPTOR and $WSM as they navigate the ever-changing cryptocurrency landscape.
Source: Cryptonews
