The ICO presale of Wall Street Memes, arguably the largest meme coin to hit the market, will soon close with an expected uptake of nearly $30 million. In just two days, estimates suggest more than $2 million has been added to the coffers, setting it to surpass the initial market cap of Dogecoin by tenfold. Driven by FOMO, 4,700 purchases of the one-time low-priced $WSM token have been registered in the ethereum presale contract in the last 24 hours. Major exchanges have sensed the potential trading volumes, gearing up to list the token on day one across multiple tier 1 platforms.
But beyond its trading value, Wall Street Memes aims to make the little guy a Wall Street winner. Its mission to democratize investing has been lauded by a notably large and active social community built over three years, standing its ground against the likes of Dogecoin which took a decade to garner a similar following. This community-centric approach breathes life into the meme coin ecosystem, which heavily relies on engagement and growth for survival.
A significant point of interest in the rise of Wall Street Memes is the possible involvement of Elon Musk. A crypto enthusiast who has backed Dogecoin and created ripple effects in other meme coins, his interaction with the company’s posts is seen as promising. Musk’s tweet-inspired inception of the Miladys Meme Coin ($LADYS), which generated a $111 million market cap instantly, suggests that a tweet acknowledging Wall Street Memes’ leap into crypto could potentially skyrocket its value.
In addition to the Elon Musk factor, rumors of a Binance listing for Wall Street Memes are brewing. The coin, set to launch on tier 1 exchanges on 26 September, is intensifying FOMO among traders and followers.
The Wall Street Memes crew is no stranger to the crypto domain and has previously tasted success through their NFTs. A deft handling of NFTs by the team resulted in a $2.5 million profit within 32 minutes of minting the Wall Street Bulls 10,000-piece NFT collection. As the team hints at launching mystery products post coin launch with the prospect of staking already on the table, Wall Street Memes appears to be more than just a meme coin – it could potentially be a viable wealth creation vehicle.
Crypto influencers have also jumped on the buzz surrounding Wall Street Memes. Crypto Youtuber Austin Hilton has enlisted Wall Street Memes as one of the top altcoins to buy at present, while presale analyst Jacob Crypto Bury foresees a tenfold increase in value at launch. As the last few hours of the presale tick down, it’s clear that the gambling heart of crypto market is beating hard for Wall Street Memes.
Source: Cryptonews
