In what can be dubbed as a market revolution, Wall Street Meme’s newly launched $WSM meme coin is setting ablaze the crypto landscape, scaling up 3x since its presale. Interestingly enough, the $WSM token’s trading volume within 24 hours trumps even the iconic meme coins Pepe and Shiba Inu. Besides basking in a 56% hike at the start of the weekend, the $WSM token has given its presale buyers nearly 3x returns after witnessing a 183% price upsurge. Furthermore, those who were smart, or lucky, enough to buy $WSM when it launched on exchanges like OKX have scored returns surpassing 100%.
No less intriguingly, $WSM’s consistent ascendance in the top gainers both on DEXTols and Coinmarketcap paints an optimistic picture. The anticipation is doubled by the expected launch of Wall Street Meme’s first product and a potential token buyback program in October. Standing strong with a backing of a 1.1 million strong social community that emerged from the meme stocks movement, the project aims to democratize finance and confront Wall Street.
The $WSM project is fortified by the attention showered on it by Elon Musk who has interacted with its X (formerly Twitter) account. Speculations are rife that Musk might be one of $WSM’s whale buyers. Further intrigue is stirred by $WSM’s staking utility that sets it apart from many of its competitors that seem devoid of such features. Adding to the appeal is the imminent launch of a major product in October and an undertaking of a burn program.
Data suggests that $WSM’s trading volume, currently at $79 million, outshines even those of Shiba Inu and Pepe. This has led to a greater influx of traders, pushing other major exchanges to follow suit of OKX and Huobi. There are whispers about $WSM’s enlisting on Binance which will undoubtedly further its quest for permanence in the volatile meme coin arena. If past observation is any indication, there’s a promising future in store for investors with beliefs bolstered by Pepe’s monumental 2,000% upshot following its launch on Binance. Despite the conspicuous absence of a utility layer in Shiba Inu, even with a staggering 26,000% return for its initial investors, $WSM holds out with its yield-bearing utility. As the space ebbs and overflows, it is only a matter of time till the enthusiasm for crypto markets including Meme Kombat and Bitcoin Minetrix spreads.
Source: Cryptonews
