The latest darling of the decentralized exchange (DEX) market, XBULL, smashed expectations with a mind-boggling +1,000% surge after its launch. Captivated by trending cryptos narratives like BASE and Telegram Bots, DEX markets swiftly embraced XBULL. From the outset, XBULL’s exponential rise turned heads, largely due to its timely adoption of the narrative surrounding Elon Musk’s rebranding of Twitter to X. Yet, despite a retracement, it continues to blaze an uphill trail.
Making its grand entrance during the wee hours of the 17th of August, XBULL had an unremarkable debut. However, within an hour, market interest snowballed, shooting the price from a humble $0.000075 to $0.000125. From there, it was an astronomical rise — topping out at a handsome $0.00015. However, celebrations were short-lived. A wave of technical retracement washed over the markets, leaking -8% since the peak.
Nonetheless, avid market players eager to pocket significant gains are now diverting their focus towards a new blue-chip prospect. Lately, Wall Street Memes ($WSM) seems to be the talk of the town in the rejuvenated meme coin vertical, outshining old favorites like Dogecoin or JIM. Its explosive growth marked by a one million-strong community and $24.5 million in presale funding piqued investor interest.
Doubtless, Wall Street Memes has ignited a rocket under investor sentiment by offering a tokenized representation of the anti-bank movement. Still, its democracy-friendly price-structure and guaranteed +30% for presale buyers are ushering in non-stop waves of investments.
Adding an intriguing twist to the tale, a mystery crypto whale splashed out $1 million on the $WSM presale. Whether it’s a high-stakes gambit or a nod of belief, it endows Wall Street Memes with a significant vote of confidence.
Further substantiating its grassroots ethos, $WSM pledges to distribute 30% of its token supply as community rewards, allot 20% towards liquidity, and anticipate a whopping 50% uptake in presale. This equitable strategy propels explosive growth via social media, as evidenced by a +1 million followership.
More importantly, this rapid community expansion could expedite major Centralized Exchange (CEX) listings, potentially pushing $WSM’s valuation into lunar orbit. Leveraging a successful NFT collection and a dramatic entrance onto the scene, Wall Street Memes carries the promise of soaring returns. However, tread lightly, for the crypto realm is the wild west of the investment world, where fortunes can vanish as swiftly as they’re made.
Source: Cryptonews
