While the crypto sphere is currently enduring a downward spiral, the Wall Street Memes coin is relentlessly powering through, having raised an impressive $25 million in its presale. The token is inching closer to concluding its presale campaign, just $900k away from entering the final stage. Owing to this relentless momentum, speculators are rushing to get their slice of the pie before the opportunity slips away.
The Wall Street Memes community has also forayed into the realm of staking services. The staking pool, despite being launched just recently, has been greeted with significant involvement. The possibility of earning an annual percentage yield of as much as 283% seemingly provides influence to the choice of investors contemplating staking their coins. While this percentage is likely to dwindle as more participants contribute their tokens, the fast-paced staking service growth supports the assertion that Wall Street Memes could soon become crashproof by providing price stability for the coin when it forays into major centralized exchanges (Binance) in September.
Participating in this staking service not only provides potential gains but also serves as an impetus for the long-term holding of the coin. Remembered for their successful execution of the $2.5 million Wall Street Bulls 10,000-piece NFT collection, the WSM crew is now poised to revolutionize the crypto meme coin sector with more product launches and, subsequently, driving up the utility value of the stake-to-earn community coin.
The Elon Musk endorsed Wall Street Memes coin is one of the year’s biggest crypto fundraisers, tapping into a community of over 1 million savvy retail investors. Still, this project towers above its meme coin rivals with its pragmatic legitimacy and $30 million hard cap target.
It doesn’t just end with staking. Sources close to the project also hint at plans to release a major product. The coin aims to monetize the investor-focused social movement, harnessing the collective power of retail investors against Wall Street – a back-to-basics initiative that seeks to align the cryptocurrency world to its foundational principles of decentralized empowerment.
Lastly, by offering 50% of the token supply in presale and rewarding token holders for their early commitment to the project, it’s safe to say that Wall Street Memes is already a heavyweight even before it hits the spot market. Influential analysts such as Crypto Faro, Joe Parys, and Michael Wrubel are already pegging Wall Street Memes as a token to watch out for. This, coupled with the sheer magnitude of the marketing strength demonstrated by Wall Street Memes, suggests an imminent success in the crypto world.
Source: Cryptonews
