In the past 24 hours, the Memecoin ($L) has gained a lot of attention, with its price skyrocketing by over 6,700%. Inspired by Elon Musk and Twitter, $L has become a hot topic among meme enthusiasts. However, there are concerns about its legitimacy, with some questioning if it’s just another meme coin rug pull. Despite the doubts, $L has quickly gained traction, becoming the third-ranked crypto pair on DEXTools.io. With over $13.7 million worth of $L traded in 24 hours and more than 3,000 unique wallet addresses holding the token, it has a market cap of $10.4 million. The success of $L can be attributed to its Musk-inspired aesthetic and plans to create a community supporting Elon Musk’s Twitter. Twitter Blue subscribers are eligible for an $L airdrop based on their account’s value, and over 4,100 reservations have been made. However, concerns about the legitimacy of $L have been raised, with some comparing it to previous scams associated with Andrew Lee. Despite the doubts, Wall Street Memes ($WSM), another meme coin, has gained attention and raised an impressive $10.9 million in its presale. Inspired by Elon Musk’s Twitter interactions, $WSM has attracted a large following on social media. With the presale nearing its end, investors are eagerly anticipating $WSM’s debut on Uniswap, expecting it to be a highly hyped event.
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