Amid the recent meme coin surge that saw the likes of Pepe gain more than 7,000%, new meme crypto Wall Street Memes (WSM) has stepped into the limelight.
Over the past month, when most cryptos tanked amid market uncertainty, Wall Street Memes has raised over $10 million during its presale.
This highlighted the project’s potential and the strong support it enjoys from its community, which has a million followers across various social media platforms.
The token has been developed from the same creators of the Wall St Bulls NFT collection, which quickly sold out within 32 minutes after its launch on Ethereum.
The team’s understanding of crypto trends has only improved since then, leading to the successful launch of the Bitcoin Ordinals NFTs and, now, the Wall Street Memes (WSM) meme coin. This aligns quite well with the market’s current inclination toward meme coins.
The Wall Street Memes whitepaper highlights that the token aims to merge memes with blockchain to disrupt the modern financial landscape through the power of community.
The project believes memes can connect people, inspire new ideas, and question established norms. Leveraging the power of decentralization, Wall Street Memes aims to create a movement designed to return control to its rightful owners – the people.
Wall Street Memes: Community-Backed Meme Token That Has Already Raised $10 Million
In the initial day following the commencement of the project, the WSM token raised more than $300k, and just four weeks since launch it has now attracted over $10 million, showing significant interest from investors.
Given its current expansion rate and strong financial backing, the WSM token could become an attractive option for large crypto exchanges, including leading platforms.
WSM token is presently in the presale stage, priced at $0.0301 during stage 18 of 30. While inherently risky, presales yield substantial returns, particularly when a robust community supports the project.
Wall Street Memes has a solid community base of a million followers spread across various social media platforms, reaffirming the token’s strong support and potential.
Why Should Buyers Consider WSM?
Apart from a thriving community, the platform has also caught the attention of influential figures like Elon Musk, who has engaged with Wall Street Memes’ tweets on multiple occasions.
It’s well-known how Musk’s tweets have previously caused the price of meme coins like Dogecoin to spike massively and his engagement with the platform could turn out well for WSM, helping the coin gain even more followers.
The WSM token’s distribution underlines the project’s community-centric approach. Of the capped supply of 2 billion tokens, 50% has been allocated for the presale, 30% for community rewards, and 20% for exchange liquidity.
Notably, no allocation has been made for the team, indicating the project’s transparency and commitment towards ensuring a ‘rug pull’ scenario is off the table.
Moreover, Wall Street Memes has announced a massive airdrop for presale investors. By participating in the project’s social media channels and completing simple tasks, five lucky winners will stand a chance to win $50,000 worth of WSM tokens.
The Strategic Growth and Potential of Wall Street Memes
The Wall Street Memes project sets an ambitious target, aiming to disrupt the traditional financial landscape and democratize investing through the power of memes.
A clear roadmap has been set to achieve this, with the journey divided into three parts: Foundation, Launch, and Community Empowerment.
The WSM token’s growth roadmap comprises three phases – phase one establishes a strong community and a secure smart contract, alongside initiating a branding campaign.
Phase two involves the WSM token’s launch, strategic partnerships, and listings on multiple exchanges. The final phase targets community empowerment and seeking listings on top-tier exchanges.
Also, many analysts point out that a dedicated, vibrant community, a strong brand, and a timely entry into the meme coin market make WSM a potential next huge meme crypto.
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