Wall Street Memes, a prominent retail investing community that emerged in 2021, has reached a significant milestone in its token presale. With a massive following of 1 million supporters across various social media channels, Wall Street Memes has become a powerful force in the world of online investing. The community’s strength has led many analysts and observers to predict that their token, $WSM, could become the next viral meme coin, rivaling popular cryptocurrencies like Pepe, Shiba Inu, and Dogecoin.
A Strong Vote of Confidence
The impressive rate at which the $WSM presale is raising funds is a testament to the confidence of the crypto-investing community. Currently priced at $0.0316, the tokens are expected to rise to $0.0319 when the presale reaches $15.44 million. Unlike many other presales, Wall Street Memes has a track record of quickly selling out digital asset launches. In fact, the $WSM presale has already surpassed the successful mint of the Wall Street Bulls NFT collection, which made $2.5 million and sold out in just 32 minutes.
The Birth of Wall Street Memes
Wall Street Memes originated from the 2021 movement where retail investors joined forces to challenge major financial institutions by driving up the prices of heavily shorted stocks like GameStop and AMC. While they did not overthrow institutional investors, the movement did force the closure of Melvin Capital hedge fund. As stated on their website, Wall Street Memes aims to tokenize this movement and build a brand in the new age of finance.
The Attention of Influencers and Billionaires
The Wall Street Memes investing community has garnered attention from influential figures, including Elon Musk, the world’s richest man and owner of Twitter. Musk has replied twice to Wall Street Memes tweets, indicating that he is following the community. With such widespread support across the internet, the $WSM token is expected to attract even more attention than most meme coin releases. The $15 million raised in the presale is a testament to its growing popularity.
In line with their goal of empowering individual investors, Wall Street Memes has dedicated 100% of the $WSM token supply to their community. There is no behind-the-scenes private sale or team allocation. This makes the presale fair and transparent. Half of the token supply is available in the presale, with proceeds allocated to marketing efforts. Thirty percent is dedicated to community rewards, and the remaining 20% is divided between CEX and DEX liquidity.
With such a large portion of the token supply allocated to community rewards, airdrops to holders are expected to play a significant role in the ecosystem. Wall Street Memes is already running a competition where five lucky participants can win a $50,000 $WSM airdrop. This emphasis on community engagement, combined with the already strong and engaged community, could generate massive hype for the meme coin and attract larger investors and traders.
Analysts and influencers have high expectations for $WSM. Jacob Crypto Bury, a popular British crypto presale analyst, believes the token could easily achieve 10x gains. Other crypto influencers, such as Michael Wrubel, CryptoWendyO, and Cilinix Crypto, are also endorsing $WSM. With an exchange listing price of $0.0337, a 10x gain would result in a fully diluted market cap of $674 million. Some analysts even speculate that $WSM could rival major meme coins like Dogecoin and Shiba Inu, which have market caps of around $8.5 billion and $4 billion, respectively. Gains of 100x to a market cap of over $6 billion cannot be ruled out.
To secure $WSM at the best possible discount, investors interested in potential future price rises should consider participating in the token’s presale as soon as possible. $WSM can be purchased on the Ethereum blockchain and BNB Smart Chain using ETH, BNB, or USDT. Simply connect your crypto wallet on the wallstmemes.com website to make a purchase. Don’t miss out on this opportunity to be part of the Wall Street Memes movement and potentially capitalize on its growth in the meme coin market.