Wall Street Memes Community Rewards and Trading Conditions
Wall Street Memes (WSM) has announced that it will increase funding for community rewards, which will contribute to the long-term growth of the community and potentially impact the price of WSM. However, these buybacks will not be burnt, meaning they will not reduce the WSM supply. Currently, WSM is trading just under $0.05 per token, with a market cap of around $80 million and a fully diluted market cap of just under $100 million. Trading conditions remain healthy across Wall Street Memes’ V2 and V3 liquidity pools on Uniswap.
Big Gains For Early Presale Wall Street Memes Investors
Wall Street Memes was born during the meme stock turmoil of 2021 and quickly became one of the largest and most influential retail investing communities on the internet. With over 1 million followers across social media channels, Wall Street Memes has gained attention from notable figures like Elon Musk. The project raised over $25 million in its presale, resulting in significant gains for early investors who bought in at prices between $0.02-0.035.
WSM Staking Rewards A Whopping 44%
While Wall Street Memes is known for its memes, WSM offers more than just humor. Investors can stake their WSM tokens and earn impressive rewards, currently yielding a whopping 44%. This staking yield is one of the highest in the crypto space. Additionally, hype is building around an upcoming Web3 product by the Wall Street Memes team that will use WSM as its native token. The exact nature of this product has yet to be revealed, but it is expected to attract significant usage due to the community’s strong marketing capabilities.
Hot Take: WSM’s Potential for 2024
With increased funding for community rewards, positive trading conditions, high staking rewards, and an upcoming Web3 product launch, Wall Street Memes’ native token WSM has the potential to be a top cryptocurrency in 2024. If the team implements a token buyback and burn scheme, WSM could become a deflationary and yield-bearing meme coin. These factors have attracted attention from crypto presale analyst Jacob Crypto Bury, who recently invested an additional $10,000 into WSM.
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